Correlation Between Femasys and ZEEKR Intelligent

Can any of the company-specific risk be diversified away by investing in both Femasys and ZEEKR Intelligent 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 Femasys and ZEEKR Intelligent into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Femasys and ZEEKR Intelligent Technology, you can compare the effects of market volatilities on Femasys and ZEEKR Intelligent 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 Femasys with a short position of ZEEKR Intelligent. Check out your portfolio center. Please also check ongoing floating volatility patterns of Femasys and ZEEKR Intelligent.

Diversification Opportunities for Femasys and ZEEKR Intelligent

-0.07

Correlation Coefficient

Femasys  ZEEKR Intelligent

Good diversification

The 3 months correlation between Femasys and ZEEKR is -0.07. Overlapping area represents the amount of risk that can be diversified away by holding Femasys and ZEEKR Intelligent Technology in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on ZEEKR Intelligent and Femasys 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 Femasys are associated (or correlated) with ZEEKR Intelligent. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ZEEKR Intelligent has no effect on the direction of Femasys i.e., Femasys and ZEEKR Intelligent go up and down completely randomly.

Pair Corralation between Femasys and ZEEKR Intelligent

Given the investment horizon of 90 days Femasys is expected to generate 0.99 times more return on investment than ZEEKR Intelligent. However, Femasys is 1.01 times less risky than ZEEKR Intelligent. It trades about 0.08 of its potential returns per unit of risk. ZEEKR Intelligent Technology is currently generating about -0.02 per unit of risk. If you would invest  110.00  in Femasys on December 28, 2024 and sell it today you would earn a total of  19.00  from holding Femasys or generate 17.27% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	98.36%
Values	Daily Returns

Femasys  vs.  ZEEKR Intelligent Technology

Femasys

Risk-Adjusted Performance

Modest

Compared to the overall equity markets, risk-adjusted returns on investments in Femasys are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of fairly weak primary indicators, Femasys showed solid returns over the last few months and may actually be approaching a breakup point.

ZEEKR Intelligent

Risk-Adjusted Performance

Very Weak

Over the last 90 days ZEEKR Intelligent Technology has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest unfluctuating performance, the Stock's forward-looking signals remain persistent and the latest mess on Wall Street may also be a sign of long-standing gains for the company institutional investors.

Pair Trading with Femasys and ZEEKR Intelligent

The main advantage of trading using opposite Femasys and ZEEKR Intelligent positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Femasys position performs unexpectedly, ZEEKR Intelligent 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 ZEEKR Intelligent will offset losses from the drop in ZEEKR Intelligent's long position.

The idea behind Femasys and ZEEKR Intelligent Technology 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.

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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 Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.