Correlation Analysis Between Niu Technologies and Ford Motor

Analyzing existing cross correlation between Niu Technologies and Ford Motor Company. You can compare the effects of market volatilities on Niu Technologies and Ford Motor 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 Niu Technologies with a short position of Ford Motor. See also your portfolio center. Please also check ongoing floating volatility patterns of Niu Technologies and Ford Motor.
Horizon     30 Days    Login   to change
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Comparative Performance

Niu Technologies  
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Risk-Adjusted Performance

Over the last 30 days Niu Technologies has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively unchanging essential indicators, Niu Technologies is not utilizing all of its potentials. The ongoing stock price uproar, may contribute to short horizon losses for the leadership.
Ford Motor  
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Risk-Adjusted Performance

Over the last 30 days Ford Motor Company has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Ford Motor is not utilizing all of its potentials. The new stock price tumult, may contribute to shorter-term losses for the shareholders.

Niu Technologies and Ford Motor Volatility Contrast

 Predicted Return Density 
    
  Returns 

Niu Technologies  vs.  Ford Motor Company

 Performance (%) 
    
  Timeline 

Pair Volatility

Considering 30-days investment horizon, Niu Technologies is expected to generate 1.98 times more return on investment than Ford Motor. However, Niu Technologies is 1.98 times more volatile than Ford Motor Company. It trades about 0.0 of its potential returns per unit of risk. Ford Motor Company is currently generating about 0.0 per unit of risk. If you would invest  939.00  in Niu Technologies on December 22, 2019 and sell it today you would lose (28.00)  from holding Niu Technologies or give up 2.98% of portfolio value over 30 days.

Pair Corralation between Niu Technologies and Ford Motor

-0.09
Time Period3 Months [change]
DirectionNegative 
StrengthInsignificant
Accuracy78.21%
ValuesDaily Returns

Diversification Opportunities for Niu Technologies and Ford Motor

Niu Technologies diversification synergy

Good diversification

Overlapping area represents the amount of risk that can be diversified away by holding Niu Technologies and Ford Motor Company in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Ford Motor and Niu Technologies 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 Niu Technologies are associated (or correlated) with Ford Motor. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Ford Motor has no effect on the direction of Niu Technologies i.e. Niu Technologies and Ford Motor go up and down completely randomly.
See also your portfolio center. Please also try Cryptocurrency Correlation module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins and exchanges.