Correlation Between Pool and ZEEKR Intelligent

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

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

Diversification Opportunities for Pool and ZEEKR Intelligent

0.46

Correlation Coefficient

Pool  ZEEKR Intelligent

Very weak diversification

The 3 months correlation between Pool and ZEEKR is 0.46. Overlapping area represents the amount of risk that can be diversified away by holding Pool Corp. and ZEEKR Intelligent Technology in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on ZEEKR Intelligent and Pool 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 Pool Corporation are associated (or correlated) with ZEEKR Intelligent. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ZEEKR Intelligent has no effect on the direction of Pool i.e., Pool and ZEEKR Intelligent go up and down completely randomly.

Pair Corralation between Pool and ZEEKR Intelligent

Given the investment horizon of 90 days Pool is expected to generate 2.7 times less return on investment than ZEEKR Intelligent. In addition to that, Pool is 1.01 times more volatile than ZEEKR Intelligent Technology. It trades about 0.05 of its total potential returns per unit of risk. ZEEKR Intelligent Technology is currently generating about 0.13 per unit of volatility. If you would invest  2,597  in ZEEKR Intelligent Technology on July 4, 2025 and sell it today you would earn a total of  430.00  from holding ZEEKR Intelligent Technology or generate 16.56% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Weak
Accuracy	100.0%
Values	Daily Returns

Pool Corp.  vs.  ZEEKR Intelligent Technology

Pool

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in Pool Corporation are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. Despite quite persistent basic indicators, Pool is not utilizing all of its potentials. The newest stock price mess, may contribute to short-term losses for the institutional investors.

ZEEKR Intelligent

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in ZEEKR Intelligent Technology are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. Despite quite weak forward-looking signals, ZEEKR Intelligent disclosed solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Pool and ZEEKR Intelligent

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

The idea behind Pool Corporation and ZEEKR Intelligent Technology 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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.