Correlation Between Mosaic and GENERAL
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By analyzing existing cross correlation between The Mosaic and GENERAL ELEC CAP, you can compare the effects of market volatilities on Mosaic and GENERAL 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 Mosaic with a short position of GENERAL. Check out your portfolio center. Please also check ongoing floating volatility patterns of Mosaic and GENERAL.
Diversification Opportunities for Mosaic and GENERAL
Significant diversification
The 3 months correlation between Mosaic and GENERAL is 0.01. Overlapping area represents the amount of risk that can be diversified away by holding The Mosaic and GENERAL ELEC CAP in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on GENERAL ELEC CAP and Mosaic 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 The Mosaic are associated (or correlated) with GENERAL. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of GENERAL ELEC CAP has no effect on the direction of Mosaic i.e., Mosaic and GENERAL go up and down completely randomly.
Pair Corralation between Mosaic and GENERAL
Considering the 90-day investment horizon The Mosaic is expected to under-perform the GENERAL. But the stock apears to be less risky and, when comparing its historical volatility, The Mosaic is 1.22 times less risky than GENERAL. The stock trades about -0.05 of its potential returns per unit of risk. The GENERAL ELEC CAP is currently generating about -0.03 of returns per unit of risk over similar time horizon. If you would invest 9,182 in GENERAL ELEC CAP on September 14, 2024 and sell it today you would lose (577.00) from holding GENERAL ELEC CAP or give up 6.28% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 23.69% |
| Values | Daily Returns |
The Mosaic vs. GENERAL ELEC CAP
Performance |
| Timeline |
| Mosaic |
| GENERAL ELEC CAP |
Mosaic and GENERAL Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Mosaic and GENERAL
The main advantage of trading using opposite Mosaic and GENERAL positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Mosaic position performs unexpectedly, GENERAL 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 GENERAL will offset losses from the drop in GENERAL's long position.| Mosaic vs. Corteva | Mosaic vs. ICL Israel Chemicals | Mosaic vs. American Vanguard | Mosaic vs. CVR Partners LP |
| GENERAL vs. American Airlines Group | GENERAL vs. The Mosaic | GENERAL vs. Ecolab Inc | GENERAL vs. Sun Country Airlines |
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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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