Correlation Between Amira Nature and FEIHE INTERNATIONAL

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Can any of the company-specific risk be diversified away by investing in both Amira Nature and FEIHE 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 Amira Nature and FEIHE INTERNATIONAL into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Amira Nature Foods and FEIHE INTERNATIONAL INC, you can compare the effects of market volatilities on Amira Nature and FEIHE 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 Amira Nature with a short position of FEIHE INTERNATIONAL. Check out your portfolio center. Please also check ongoing floating volatility patterns of Amira Nature and FEIHE INTERNATIONAL.

Diversification Opportunities for Amira Nature and FEIHE INTERNATIONAL

0.0
  Correlation Coefficient

Pay attention - limited upside

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

Pair Corralation between Amira Nature and FEIHE INTERNATIONAL

If you would invest (100.00)  in FEIHE INTERNATIONAL INC on May 11, 2022 and sell it today you would earn a total of  100.00  from holding FEIHE INTERNATIONAL INC or generate -100.0% return on investment over 90 days.
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Amira Nature Foods  vs.  FEIHE INTERNATIONAL INC

 Performance (%) 
       Timeline  
Amira Nature Foods 
Amira Performance
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Over the last 90 days Amira Nature Foods has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's forward indicators remain rather sound which may send shares a bit higher in September 2022. The latest tumult may also be a sign of longer-term up-swing for the firm shareholders.

Amira Price Channel

FEIHE INTERNATIONAL INC 
FEIHE Performance
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Over the last 90 days FEIHE INTERNATIONAL INC has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly strong fundamental indicators, FEIHE INTERNATIONAL is not utilizing all of its potentials. The new stock price disturbance, may contribute to short-term losses for the investors.

Amira Nature and FEIHE INTERNATIONAL Volatility Contrast

   Predicted Return Density   
       Returns  

Pair Trading with Amira Nature and FEIHE INTERNATIONAL

The main advantage of trading using opposite Amira Nature and FEIHE INTERNATIONAL positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Amira Nature position performs unexpectedly, FEIHE 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 FEIHE INTERNATIONAL will offset losses from the drop in FEIHE INTERNATIONAL's long position.
The idea behind Amira Nature Foods and FEIHE INTERNATIONAL INC 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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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