Correlation Between PSG FINANCIAL and MCB GROUP
Specify exactly 2 symbols:
By analyzing existing cross correlation between PSG FINANCIAL SERVICES and MCB GROUP LTD, you can compare the effects of market volatilities on PSG FINANCIAL and MCB GROUP 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 PSG FINANCIAL with a short position of MCB GROUP. Check out your portfolio center. Please also check ongoing floating volatility patterns of PSG FINANCIAL and MCB GROUP.
Diversification Opportunities for PSG FINANCIAL and MCB GROUP
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between PSG and MCB is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding PSG FINANCIAL SERVICES and MCB GROUP LTD in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on MCB GROUP LTD and PSG FINANCIAL 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 PSG FINANCIAL SERVICES are associated (or correlated) with MCB GROUP. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of MCB GROUP LTD has no effect on the direction of PSG FINANCIAL i.e., PSG FINANCIAL and MCB GROUP go up and down completely randomly.
Pair Corralation between PSG FINANCIAL and MCB GROUP
If you would invest 1,015 in MCB GROUP LTD on October 25, 2024 and sell it today you would earn a total of 75.00 from holding MCB GROUP LTD or generate 7.39% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 99.67% |
| Values | Daily Returns |
PSG FINANCIAL SERVICES vs. MCB GROUP LTD
Performance |
| Timeline |
| PSG FINANCIAL SERVICES |
| MCB GROUP LTD |
PSG FINANCIAL and MCB GROUP Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with PSG FINANCIAL and MCB GROUP
The main advantage of trading using opposite PSG FINANCIAL and MCB GROUP positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if PSG FINANCIAL position performs unexpectedly, MCB GROUP 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 MCB GROUP will offset losses from the drop in MCB GROUP's long position.| PSG FINANCIAL vs. HOTELEST LTD | PSG FINANCIAL vs. PLASTIC INDUSTRY LTD | PSG FINANCIAL vs. CAVELL TOURISTIC INVESTMENTS | PSG FINANCIAL vs. NATIONAL INVESTMENT TRUST |
| MCB GROUP vs. PHOENIX INVESTMENT PANY | MCB GROUP vs. ASTORIA INVESTMENT LTD | MCB GROUP vs. PSG FINANCIAL SERVICES | MCB GROUP vs. AGAPE GLOBAL INVESTMENTS |
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.
Other Complementary Tools
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios |