Correlation Between Fluent and Moxian
Can any of the company-specific risk be diversified away by investing in both Fluent and Moxian 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 Fluent and Moxian into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Fluent Inc and Moxian Inc, you can compare the effects of market volatilities on Fluent and Moxian 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 Fluent with a short position of Moxian. Check out your portfolio center. Please also check ongoing floating volatility patterns of Fluent and Moxian.
Diversification Opportunities for Fluent and Moxian
Pay attention - limited upside
The 3 months correlation between Fluent and Moxian is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Fluent Inc and Moxian Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Moxian Inc and Fluent 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 Fluent Inc are associated (or correlated) with Moxian. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Moxian Inc has no effect on the direction of Fluent i.e., Fluent and Moxian go up and down completely randomly.
Pair Corralation between Fluent and Moxian
If you would invest (100.00) in Moxian Inc on December 11, 2024 and sell it today you would earn a total of 100.00 from holding Moxian Inc 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 |
Fluent Inc vs. Moxian Inc
Performance |
| Timeline |
| Fluent Inc |
| Moxian Inc |
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Fluent and Moxian Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Fluent and Moxian
The main advantage of trading using opposite Fluent and Moxian positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Fluent position performs unexpectedly, Moxian 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 Moxian will offset losses from the drop in Moxian's long position.| Fluent vs. Marchex | ||
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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 the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
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