Correlation Between Mattel and 58013MFC3
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By analyzing existing cross correlation between Mattel Inc and MCDONALDS P MEDIUM, you can compare the effects of market volatilities on Mattel and 58013MFC3 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 Mattel with a short position of 58013MFC3. Check out your portfolio center. Please also check ongoing floating volatility patterns of Mattel and 58013MFC3.
Diversification Opportunities for Mattel and 58013MFC3
Pay attention - limited upside
The 3 months correlation between Mattel and 58013MFC3 is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Mattel Inc and MCDONALDS P MEDIUM in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on MCDONALDS P MEDIUM and Mattel 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 Mattel Inc are associated (or correlated) with 58013MFC3. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of MCDONALDS P MEDIUM has no effect on the direction of Mattel i.e., Mattel and 58013MFC3 go up and down completely randomly.
Pair Corralation between Mattel and 58013MFC3
If you would invest 1,773 in Mattel Inc on November 2, 2024 and sell it today you would earn a total of 133.00 from holding Mattel Inc or generate 7.5% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Mattel Inc vs. MCDONALDS P MEDIUM
Performance |
| Timeline |
| Mattel Inc |
| MCDONALDS P MEDIUM |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Mattel and 58013MFC3 Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Mattel and 58013MFC3
The main advantage of trading using opposite Mattel and 58013MFC3 positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Mattel position performs unexpectedly, 58013MFC3 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 58013MFC3 will offset losses from the drop in 58013MFC3's long position.| Mattel vs. Funko Inc | Mattel vs. JAKKS Pacific | Mattel vs. Madison Square Garden | Mattel vs. Life Time Group |
| 58013MFC3 vs. Apogee Therapeutics, Common | 58013MFC3 vs. WEC Energy Group | 58013MFC3 vs. CenterPoint Energy | 58013MFC3 vs. Antero Midstream Partners |
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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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