Correlation Between MOGU and Boxed
Can any of the company-specific risk be diversified away by investing in both MOGU and Boxed 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 MOGU and Boxed into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between MOGU Inc and Boxed Inc, you can compare the effects of market volatilities on MOGU and Boxed 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 MOGU with a short position of Boxed. Check out your portfolio center. Please also check ongoing floating volatility patterns of MOGU and Boxed.
Diversification Opportunities for MOGU and Boxed
Pay attention - limited upside
The 3 months correlation between MOGU and Boxed is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding MOGU Inc and Boxed Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Boxed Inc and MOGU 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 MOGU Inc are associated (or correlated) with Boxed. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Boxed Inc has no effect on the direction of MOGU i.e., MOGU and Boxed go up and down completely randomly.
Pair Corralation between MOGU and Boxed
If you would invest (100.00) in Boxed Inc on January 12, 2025 and sell it today you would earn a total of 100.00 from holding Boxed 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 |
MOGU Inc vs. Boxed Inc
Performance |
| Timeline |
| MOGU Inc |
| Boxed Inc |
Risk-Adjusted Performance
Very Weak
Weak | Strong |
MOGU and Boxed Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with MOGU and Boxed
The main advantage of trading using opposite MOGU and Boxed positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if MOGU position performs unexpectedly, Boxed 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 Boxed will offset losses from the drop in Boxed's long position.| MOGU vs. iPower Inc | MOGU vs. LightInTheBox Holding Co | MOGU vs. Natural Health Trend | MOGU vs. Liquidity Services |
| Boxed vs. Starbucks | Boxed vs. BJs Restaurants | Boxed vs. Pebblebrook Hotel Trust | Boxed vs. LG Display Co |
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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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