Correlation Between Lufax Holding and COMSovereign Holding
Can any of the company-specific risk be diversified away by investing in both Lufax Holding and COMSovereign Holding 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 Lufax Holding and COMSovereign Holding into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Lufax Holding and COMSovereign Holding Corp, you can compare the effects of market volatilities on Lufax Holding and COMSovereign Holding 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 Lufax Holding with a short position of COMSovereign Holding. Check out your portfolio center. Please also check ongoing floating volatility patterns of Lufax Holding and COMSovereign Holding.
Diversification Opportunities for Lufax Holding and COMSovereign Holding
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Lufax and COMSovereign is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Lufax Holding and COMSovereign Holding Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on COMSovereign Holding Corp and Lufax Holding 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 Lufax Holding are associated (or correlated) with COMSovereign Holding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of COMSovereign Holding Corp has no effect on the direction of Lufax Holding i.e., Lufax Holding and COMSovereign Holding go up and down completely randomly.
Pair Corralation between Lufax Holding and COMSovereign Holding
If you would invest (100.00) in COMSovereign Holding Corp on May 16, 2025 and sell it today you would earn a total of 100.00 from holding COMSovereign Holding Corp or generate -100.0% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Flat |
Strength | Insignificant |
Accuracy | 0.0% |
Values | Daily Returns |
Lufax Holding vs. COMSovereign Holding Corp
Performance |
Timeline |
Lufax Holding |
COMSovereign Holding Corp |
Risk-Adjusted Performance
Weakest
Weak | Strong |
Lufax Holding and COMSovereign Holding Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with Lufax Holding and COMSovereign Holding
The main advantage of trading using opposite Lufax Holding and COMSovereign Holding positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Lufax Holding position performs unexpectedly, COMSovereign Holding 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 COMSovereign Holding will offset losses from the drop in COMSovereign Holding's long position.Lufax Holding vs. FinVolution Group | Lufax Holding vs. LendingClub Corp | Lufax Holding vs. Lexinfintech Holdings | Lufax Holding vs. 360 Finance |
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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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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