Peer pair correlation and diversification effect
Does holding two companies together just double up on the same price risk?
Download CSV
Sample JSON
Specification JSON
Sample as of
0700.HK Tencent Holdings | Hang Seng Index | 2025-10-16 – 2026-10-16 | HKD
- Highest item: Sample company E
- 0.43
- Lowest item: Sample company C
- 0.15
- Average
- 0.32
- Number of items
- 5 items
Peer correlation matrix
Return correlation coefficient (-1 to 1) (Matrix)
Common sample size
Valid common trading days (days) (Bar)
Low-correlation pairs
Return correlation coefficient (-1 to 1) and Valid common trading days (days) (Table)
Sample data rows
| Peer stocks | Return correlation coefficient (-1 to 1) | Valid common trading days (days) | Data date (sample) |
|---|---|---|---|
| Sample company A | 0.38 | 13 | 2026-10-16 |
| Sample company B | 0.27 | 15 | 2026-10-16 |
| Sample company C | 0.15 | 15 | 2026-10-16 |
| Sample company D | 0.35 | 6 | 2026-10-16 |
| Sample company E | 0.43 | 6 | 2026-10-16 |