Correlation Between HSCEIRBS and AMXING CT

Can any of the company-specific risk be diversified away by investing in both HSCEIRBS and AMXING CT 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 HSCEIRBS and AMXING CT into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between HSCEIRBS CT and AMXING CT, you can compare the effects of market volatilities on HSCEIRBS and AMXING CT 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 HSCEIRBS with a short position of AMXING CT. Check out your portfolio center. Please also check ongoing floating volatility patterns of HSCEIRBS and AMXING CT.

Diversification Opportunities for HSCEIRBS and AMXING CT

0.0

Correlation Coefficient

HSCEIRBS  AMXING CT

Pay attention - limited upside

The 3 months correlation between HSCEIRBS and AMXING is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding HSCEIRBS CT and AMXING CT in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on AMXING CT and HSCEIRBS 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 HSCEIRBS CT are associated (or correlated) with AMXING CT. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of AMXING CT has no effect on the direction of HSCEIRBS i.e., HSCEIRBS and AMXING CT go up and down completely randomly.

Pair Corralation between HSCEIRBS and AMXING CT

If you would invest (100.00) in AMXING CT on May 6, 2025 and sell it today you would earn a total of  100.00  from holding AMXING CT or generate -100.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

HSCEIRBS CT  vs.  AMXING CT

HSCEIRBS CT

Risk-Adjusted Performance

Very Weak

Over the last 90 days HSCEIRBS CT has generated negative risk-adjusted returns adding no value to fund investors. In spite of very healthy basic indicators, HSCEIRBS is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors.

AMXING CT

Risk-Adjusted Performance

Very Weak

Over the last 90 days AMXING CT has generated negative risk-adjusted returns adding no value to fund investors. Despite nearly stable basic indicators, AMXING CT is not utilizing all of its potentials. The recent stock price disturbance, may contribute to mid-run losses for the stockholders.

Pair Trading with HSCEIRBS and AMXING CT

The main advantage of trading using opposite HSCEIRBS and AMXING CT positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if HSCEIRBS position performs unexpectedly, AMXING CT 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 AMXING CT will offset losses from the drop in AMXING CT's long position.

The idea behind HSCEIRBS CT and AMXING CT 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.

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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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..