Pair Correlation Between Rite Aid and Vipshop Holdings

This module allows you to analyze existing cross correlation between Rite Aid Corporation and Vipshop Holdings Limited. You can compare the effects of market volatilities on Rite Aid and Vipshop Holdings 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 Rite Aid with a short position of Vipshop Holdings. See also your portfolio center. Please also check ongoing floating volatility patterns of Rite Aid and Vipshop Holdings.
 Time Horizon     30 Days    Login   to change
 Rite Aid Corp.  vs   Vipshop Holdings Limited
 Performance (%) 

Pair Volatility

Considering 30-days investment horizon, Rite Aid Corporation is expected to under-perform the Vipshop Holdings. But the stock apears to be less risky and, when comparing its historical volatility, Rite Aid Corporation is 1.54 times less risky than Vipshop Holdings. The stock trades about -0.7 of its potential returns per unit of risk. The Vipshop Holdings Limited is currently generating about -0.08 of returns per unit of risk over similar time horizon. If you would invest  1,835  in Vipshop Holdings Limited on February 22, 2018 and sell it today you would lose (135.00)  from holding Vipshop Holdings Limited or give up 7.36% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between Rite Aid and Vipshop Holdings


Time Period1 Month [change]
ValuesDaily Returns


Significant diversification

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

Comparative Volatility

 Predicted Return Density 

Rite Aid


Risk-Adjusted Performance

Over the last 30 days Rite Aid Corporation has generated negative risk-adjusted returns adding no value to investors with long positions.

Vipshop Holdings Limited


Risk-Adjusted Performance

Over the last 30 days Vipshop Holdings Limited has generated negative risk-adjusted returns adding no value to investors with long positions.