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Correlation Between Emerald Expositions and 58 Com

Analyzing existing cross correlation between Emerald Expositions Events and 58 Com. You can compare the effects of market volatilities on Emerald Expositions and 58 Com 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 Emerald Expositions with a short position of 58 Com. Check out your portfolio center. Please also check ongoing floating volatility patterns of Emerald Expositions and 58 Com.

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Diversification Opportunities for Emerald Expositions and 58 Com

Emerald Expositions Events Inc diversification synergy
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<div class='circular--portrait-small' style='background:#754DEB;color: white;font-size:1.1em;padding-top: 12px;;'>EEX</div>
<div class='circular--portrait-small' style='background:#FF9E01;color: white;font-size:1.6em;padding-top: 6px;;'>58</div>

Pay attention - limited upside

The 3 months correlation between Emerald and WUBA is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Emerald Expositions Events Inc and 58 Com Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on 58 Com and Emerald Expositions 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 Emerald Expositions Events are associated (or correlated) with 58 Com. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of 58 Com has no effect on the direction of Emerald Expositions i.e. Emerald Expositions and 58 Com go up and down completely randomly.

Pair Corralation between Emerald Expositions and 58 Com

If you would invest  936.00  in Emerald Expositions Events on January 25, 2020 and sell it today you would earn a total of  0.00  from holding Emerald Expositions Events or generate 0.0% return on investment over 30 days.
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy1.61%
ValuesDaily Returns

Emerald Expositions Events Inc  vs.  58 Com Inc

 Performance (%) 
    
  Timeline 
Emerald Expositions 
00

Risk-Adjusted Performance

Over the last 30 days Emerald Expositions Events has generated negative risk-adjusted returns adding no value to investors with long positions. Inspite fairly strong basic indicators, Emerald Expositions is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
58 Com 
00

Risk-Adjusted Performance

Over the last 30 days 58 Com has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, 58 Com is not utilizing all of its potentials. The continuing stock price disturbance, may contribute to short term losses for the investors.

Emerald Expositions and 58 Com Volatility Contrast

 Predicted Return Density 
    
  Returns 

58 Com

Pair trading matchups for 58 Com

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