Correlation Between Shui On and Times Neighborhood

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

By analyzing existing cross correlation between Shui On Land and Times Neighborhood Holdings, you can compare the effects of market volatilities on Shui On and Times Neighborhood 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 Shui On with a short position of Times Neighborhood. Check out your portfolio center. Please also check ongoing floating volatility patterns of Shui On and Times Neighborhood.

Diversification Opportunities for Shui On and Times Neighborhood

0.0

Correlation Coefficient

Shui On  Times Neighborhood

Pay attention - limited upside

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

Pair Corralation between Shui On and Times Neighborhood

If you would invest (100.00) in Times Neighborhood Holdings on October 10, 2025 and sell it today you would earn a total of  100.00  from holding Times Neighborhood Holdings or generate -100.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

Shui On Land  vs.  Times Neighborhood Holdings

Shui On Land

Risk-Adjusted Performance

Weakest

Over the last 90 days Shui On Land has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of conflicting performance in the last few months, the Stock's essential indicators remain fairly strong which may send shares a bit higher in February 2026. The current disturbance may also be a sign of long term up-swing for the company investors.

Times Neighborhood

Risk-Adjusted Performance

Weakest

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

Pair Trading with Shui On and Times Neighborhood

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

The idea behind Shui On Land and Times Neighborhood Holdings 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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.