Correlation Between Dongjiang Environmental and CCFNB Bancorp

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

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

Diversification Opportunities for Dongjiang Environmental and CCFNB Bancorp

0.0

Correlation Coefficient

Dongjiang Environmental  CCFNB Bancorp

Pay attention - limited upside

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

Pair Corralation between Dongjiang Environmental and CCFNB Bancorp

If you would invest  4,858  in CCFNB Bancorp on September 4, 2025 and sell it today you would earn a total of  382.00  from holding CCFNB Bancorp or generate 7.86% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	98.44%
Values	Daily Returns

Dongjiang Environmental  vs.  CCFNB Bancorp

Dongjiang Environmental

Risk-Adjusted Performance

Weakest

Over the last 90 days Dongjiang Environmental has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable technical and fundamental indicators, Dongjiang Environmental is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders.

CCFNB Bancorp

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in CCFNB Bancorp are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. In spite of very fragile technical and fundamental indicators, CCFNB Bancorp may actually be approaching a critical reversion point that can send shares even higher in January 2026.

Pair Trading with Dongjiang Environmental and CCFNB Bancorp

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

The idea behind Dongjiang Environmental and CCFNB Bancorp 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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.