Correlation Between Better Choice and FEIHE INTERNATIONAL

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

Diversification Opportunities for Better Choice and FEIHE INTERNATIONAL

0.0
  Correlation Coefficient

Pay attention - limited upside

The 3 months correlation between Better and FEIHE is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Better Choice 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 Better Choice 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 Better Choice 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 Better Choice i.e., Better Choice and FEIHE INTERNATIONAL go up and down completely randomly.

Pair Corralation between Better Choice and FEIHE INTERNATIONAL

If you would invest (100.00)  in FEIHE INTERNATIONAL INC on March 30, 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

Better Choice  vs.  FEIHE INTERNATIONAL INC

 Performance (%) 
      Timeline 
Better Choice 
Better Performance
0 of 100
Over the last 90 days Better Choice has generated negative risk-adjusted returns adding no value to investors with long positions. Even with relatively invariable basic indicators, Better Choice is not utilizing all of its potentials. The latest stock price agitation, may contribute to short-term losses for the retail investors.

Structure and Payout Changes

Last Split Factor
1:6
Dividend Date
2019-03-18
Last Split Date
2021-06-29

Better Price Channel

FEIHE INTERNATIONAL INC 
FEIHE Performance
0 of 100
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 latest stock price disturbance, may contribute to short-term losses for the investors.

Better Choice and FEIHE INTERNATIONAL Volatility Contrast

 Predicted Return Density 
      Returns 

Pair Trading with Better Choice and FEIHE INTERNATIONAL

The main advantage of trading using opposite Better Choice and FEIHE INTERNATIONAL positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Better Choice 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 Better Choice 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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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