Correlation Between DATAWALK B and Shunfeng International

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

By analyzing existing cross correlation between DATAWALK B H ZY and Shunfeng International Clean, you can compare the effects of market volatilities on DATAWALK B and Shunfeng International 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 DATAWALK B with a short position of Shunfeng International. Check out your portfolio center. Please also check ongoing floating volatility patterns of DATAWALK B and Shunfeng International.

Diversification Opportunities for DATAWALK B and Shunfeng International

0.0

Correlation Coefficient

DATAWALK B  Shunfeng International

Pay attention - limited upside

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

Pair Corralation between DATAWALK B and Shunfeng International

If you would invest  2,030  in DATAWALK B H ZY on April 22, 2025 and sell it today you would earn a total of  625.00  from holding DATAWALK B H ZY or generate 30.79% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

DATAWALK B H ZY  vs.  Shunfeng International Clean

DATAWALK B H

Risk-Adjusted Performance

OK

Compared to the overall equity markets, risk-adjusted returns on investments in DATAWALK B H ZY are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. Despite nearly uncertain basic indicators, DATAWALK B reported solid returns over the last few months and may actually be approaching a breakup point.

Shunfeng International

Risk-Adjusted Performance

Very Weak

Over the last 90 days Shunfeng International Clean has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable basic indicators, Shunfeng International is not utilizing all of its potentials. The newest stock price disturbance, may contribute to mid-run losses for the stockholders.

Pair Trading with DATAWALK B and Shunfeng International

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

The idea behind DATAWALK B H ZY and Shunfeng International Clean 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 CEOs Directory module to screen CEOs from public companies around the world.