Correlation Between CN MODERN and EAT WELL

Specify exactly 2 symbols:
Can any of the company-specific risk be diversified away by investing in both CN MODERN and EAT WELL at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining CN MODERN and EAT WELL into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between CN MODERN DAIRY and EAT WELL INVESTMENT, you can compare the effects of market volatilities on CN MODERN and EAT WELL 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 CN MODERN with a short position of EAT WELL. Check out your portfolio center. Please also check ongoing floating volatility patterns of CN MODERN and EAT WELL.

Diversification Opportunities for CN MODERN and EAT WELL

07MEATDiversified Away07MEATDiversified Away100%
0.0
  Correlation Coefficient

Pay attention - limited upside

The 3 months correlation between 07M and EAT is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding CN MODERN DAIRY and EAT WELL INVESTMENT in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on EAT WELL INVESTMENT and CN MODERN 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 CN MODERN DAIRY are associated (or correlated) with EAT WELL. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of EAT WELL INVESTMENT has no effect on the direction of CN MODERN i.e., CN MODERN and EAT WELL go up and down completely randomly.

Pair Corralation between CN MODERN and EAT WELL

If you would invest  11.00  in EAT WELL INVESTMENT on October 20, 2024 and sell it today you would earn a total of  0.00  from holding EAT WELL INVESTMENT or generate 0.0% return on investment over 90 days.
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy94.44%
ValuesDaily Returns

CN MODERN DAIRY  vs.  EAT WELL INVESTMENT

 Performance 
JavaScript chart by amCharts 3.21.15NovDec2025 -5051015
JavaScript chart by amCharts 3.21.1507M 6BC0
       Timeline  
CN MODERN DAIRY 

Risk-Adjusted Performance

2 of 100

 
Weak
 
Strong
Weak
Compared to the overall equity markets, risk-adjusted returns on investments in CN MODERN DAIRY are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of rather fragile primary indicators, CN MODERN may actually be approaching a critical reversion point that can send shares even higher in February 2025.
JavaScript chart by amCharts 3.21.15NovDecJanDecJan0.0950.10.1050.11
EAT WELL INVESTMENT 

Risk-Adjusted Performance

0 of 100

 
Weak
 
Strong
Very Weak
Over the last 90 days EAT WELL INVESTMENT has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, EAT WELL is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders.
JavaScript chart by amCharts 3.21.15NovDecJanDecJan0.110.115

CN MODERN and EAT WELL Volatility Contrast

   Predicted Return Density   
JavaScript chart by amCharts 3.21.15-10.82-8.11-5.39-2.670.04572.745.498.2310.98 0.0050.0100.0150.0200.0250.0300.035
JavaScript chart by amCharts 3.21.1507M 6BC0
       Returns  

Pair Trading with CN MODERN and EAT WELL

The main advantage of trading using opposite CN MODERN and EAT WELL positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if CN MODERN position performs unexpectedly, EAT WELL can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in EAT WELL will offset losses from the drop in EAT WELL's long position.
The idea behind CN MODERN DAIRY and EAT WELL INVESTMENT pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.
Check out your portfolio center.
Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Other Complementary Tools

Portfolio Analyzer
Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Global Correlations
Find global opportunities by holding instruments from different markets
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like


 

Discover investing ideas

Utilize additional investing modules