Correlation Analysis Between Lamb Weston and Farmmi Inc

This module allows you to analyze existing cross correlation between Lamb Weston Holdings and Farmmi Inc Ordinary Shares. You can compare the effects of market volatilities on Lamb Weston and Farmmi Inc 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 Lamb Weston with a short position of Farmmi Inc. See also your portfolio center. Please also check ongoing floating volatility patterns of Lamb Weston and Farmmi Inc.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

Comparative Performance

Lamb Weston Holdings  
1616

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Lamb Weston Holdings are ranked lower than 16 (%) of all global equities and portfolios over the last 30 days. Inspite fairly inconsistent primary indicators, Lamb Weston showed solid returns over the last few months and may actually be approaching a breakup point.
Farmmi Ordinary Shares  
11

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Farmmi Inc Ordinary Shares are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days. Despite nearly inconsistent fundamental indicators, Farmmi Inc may actually be approaching a critical reversion point that can send shares even higher in December 2019.

Lamb Weston and Farmmi Inc Volatility Contrast

 Predicted Return Density 
      Returns 

Lamb Weston Holdings Inc  vs.  Farmmi Inc Ordinary Shares

 Performance (%) 
      Timeline 

Pair Volatility

Allowing for the 30-days total investment horizon, Lamb Weston Holdings is expected to generate 0.21 times more return on investment than Farmmi Inc. However, Lamb Weston Holdings is 4.66 times less risky than Farmmi Inc. It trades about 0.25 of its potential returns per unit of risk. Farmmi Inc Ordinary Shares is currently generating about 0.02 per unit of risk. If you would invest  6,840  in Lamb Weston Holdings on October 22, 2019 and sell it today you would earn a total of  1,421  from holding Lamb Weston Holdings or generate 20.77% return on investment over 30 days.

Pair Corralation between Lamb Weston and Farmmi Inc

-0.73
Time Period3 Months [change]
DirectionNegative 
StrengthWeak
Accuracy92.75%
ValuesDaily Returns

Diversification Opportunities for Lamb Weston and Farmmi Inc

Lamb Weston Holdings Inc diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Lamb Weston Holdings Inc and Farmmi Inc Ordinary Shares in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Farmmi Ordinary Shares and Lamb Weston 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 Lamb Weston Holdings are associated (or correlated) with Farmmi Inc. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Farmmi Ordinary Shares has no effect on the direction of Lamb Weston i.e. Lamb Weston and Farmmi Inc go up and down completely randomly.
See also your portfolio center. Please also try Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.


 
Search macroaxis.com