Two Equities Correlation Analysis

Specify exactly 2 symbols:

Can any of the company-specific risk be diversified away by investing in both Patterson UTI and Equity 2 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 Patterson UTI and Equity 2 into the same portfolio, which is an essential part of the fundamental portfolio management process.

This model provides you with a quick lookup of cross correlation between two equities. Please specify two instruments to run the correlation.

Unable to locate either PTEN or US03761UAG13 at this time. Please try again later.

Asset symbol is not found or was delisted

We are unable to locate this entity at this time. If you believe the symbol you are trying to look up is valid, please let us know, and we will check it out. Check all delisted instruments across multiple markets

Other Suggestions

PTE	Polarityte	CompanyDelisted
PTEN	Patterson UTI Energy	Company
PTEPX	Putnam Pennsylvania Tax	Mutual Fund
PTEC	Global X PropTech	ETF

A delisted stock, fund, ETF, or cryptocurrency is an instrument withdrawn from an exchange, typically due to the entity not meeting the exchange's listing requirements or because the organization has gone bankrupt. As a result, investors can no longer buy or sell shares of the delisted instrument on the exchange, and the entity may become illiquid and difficult to value. Delisted products may still trade on over-the-counter (OTC) markets,but they are typically considered riskier and less liquid than instruments listed on major exchanges.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Did you try this?

Run Equity Valuation Now

Equity Valuation

Check real value of public entities based on technical and fundamental data

All Next

Launch Module

One of the equities cannot be loaded: PTEN, US03761UAG13

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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Other Complementary Tools

	Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios
	Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments
	Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
	Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
	Money Managers Screen money managers from public funds and ETFs managed around the world

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC