Correlation Analysis Between LENOVO GROUP and KINGDEE INTL

This module allows you to analyze existing cross correlation between LENOVO GROUP and KINGDEE INTL. You can compare the effects of market volatilities on LENOVO GROUP and KINGDEE INTL 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 LENOVO GROUP with a short position of KINGDEE INTL. See also your portfolio center. Please also check ongoing floating volatility patterns of LENOVO GROUP and KINGDEE INTL.
Horizon     30 Days    Login   to change
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Comparative Performance


Risk-Adjusted Performance

Over the last 30 days LENOVO GROUP has generated negative risk-adjusted returns adding no value to investors with long positions. Regardless of fairly consistent technical and fundamental indicators, LENOVO GROUP is not utilizing all of its potentials. The prevailing stock price confusion, may contribute to short-horizon losses for the traders.

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in KINGDEE INTL are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days. Regardless of fairly inconsistent technical and fundamental indicators, KINGDEE INTL may actually be approaching a critical reversion point that can send shares even higher in November 2019.

LENOVO GROUP and KINGDEE INTL Volatility Contrast


 Performance (%) 

Pair Volatility

If you would invest  766.00  in KINGDEE INTL on September 17, 2019 and sell it today you would earn a total of  82.00  from holding KINGDEE INTL or generate 10.7% return on investment over 30 days.

Pair Corralation between LENOVO GROUP and KINGDEE INTL

Time Period3 Months [change]
ValuesDaily Returns

Diversification Opportunities for LENOVO GROUP and KINGDEE INTL

LENOVO GROUP diversification synergy

Pay attention

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


Pair trading matchups for LENOVO GROUP

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