Correlation Between Mastercard and Wins Finance
Can any of the company-specific risk be diversified away by investing in both Mastercard and Wins Finance 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 Mastercard and Wins Finance into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Mastercard and Wins Finance Holdings, you can compare the effects of market volatilities on Mastercard and Wins Finance 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 Mastercard with a short position of Wins Finance. Check out your portfolio center. Please also check ongoing floating volatility patterns of Mastercard and Wins Finance.
Diversification Opportunities for Mastercard and Wins Finance
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Mastercard and Wins is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Mastercard and Wins Finance Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Wins Finance Holdings and Mastercard 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 Mastercard are associated (or correlated) with Wins Finance. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Wins Finance Holdings has no effect on the direction of Mastercard i.e., Mastercard and Wins Finance go up and down completely randomly.
Pair Corralation between Mastercard and Wins Finance
If you would invest 54,736 in Mastercard on November 29, 2024 and sell it today you would earn a total of 1,391 from holding Mastercard or generate 2.54% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Mastercard vs. Wins Finance Holdings
Performance |
| Timeline |
| Mastercard |
| Wins Finance Holdings |
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Mastercard and Wins Finance Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Mastercard and Wins Finance
The main advantage of trading using opposite Mastercard and Wins Finance positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Mastercard position performs unexpectedly, Wins Finance 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 Wins Finance will offset losses from the drop in Wins Finance's long position.| Mastercard vs. American Express | Mastercard vs. PayPal Holdings | Mastercard vs. Upstart Holdings | Mastercard vs. Capital One Financial |
| Wins Finance vs. SoFi Technologies | Wins Finance vs. PayPal Holdings | Wins Finance vs. Visa Class A | Wins Finance vs. Mastercard |
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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
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