Correlation Between Caspian Services and Meiwu Technology

Can any of the company-specific risk be diversified away by investing in both Caspian Services and Meiwu Technology at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Caspian Services and Meiwu Technology into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Caspian Services and Meiwu Technology Co, you can compare the effects of market volatilities on Caspian Services and Meiwu Technology and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Caspian Services with a short position of Meiwu Technology. Check out your portfolio center. Please also check ongoing floating volatility patterns of Caspian Services and Meiwu Technology.

Diversification Opportunities for Caspian Services and Meiwu Technology

0.0

Correlation Coefficient

Caspian Services  Meiwu Technology

Pay attention - limited upside

The 3 months correlation between Caspian and Meiwu is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Caspian Services and Meiwu Technology Co in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Meiwu Technology and Caspian Services is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Caspian Services are associated (or correlated) with Meiwu Technology. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Meiwu Technology has no effect on the direction of Caspian Services i.e., Caspian Services and Meiwu Technology go up and down completely randomly.

Pair Corralation between Caspian Services and Meiwu Technology

If you would invest  164.00  in Meiwu Technology Co on May 24, 2025 and sell it today you would earn a total of  13.00  from holding Meiwu Technology Co or generate 7.93% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	98.41%
Values	Daily Returns

Caspian Services  vs.  Meiwu Technology Co

Caspian Services

Risk-Adjusted Performance

Weakest

Over the last 90 days Caspian Services has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable basic indicators, Caspian Services is not utilizing all of its potentials. The newest stock price fuss, may contribute to near-short-term losses for the sophisticated investors.

Meiwu Technology

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in Meiwu Technology Co are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of fairly fragile basic indicators, Meiwu Technology may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Pair Trading with Caspian Services and Meiwu Technology

The main advantage of trading using opposite Caspian Services and Meiwu Technology positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Caspian Services position performs unexpectedly, Meiwu Technology can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Meiwu Technology will offset losses from the drop in Meiwu Technology's long position.

The idea behind Caspian Services and Meiwu Technology Co pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

Check out your portfolio center.

Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.