Correlation Between Antelope Enterprise and Founder Group
Can any of the company-specific risk be diversified away by investing in both Antelope Enterprise and Founder Group 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 Antelope Enterprise and Founder Group into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Antelope Enterprise Holdings and Founder Group Limited, you can compare the effects of market volatilities on Antelope Enterprise and Founder 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 Antelope Enterprise with a short position of Founder Group. Check out your portfolio center. Please also check ongoing floating volatility patterns of Antelope Enterprise and Founder Group.
Diversification Opportunities for Antelope Enterprise and Founder Group
0.37 | Correlation Coefficient |
Weak diversification
The 3 months correlation between Antelope and Founder is 0.37. Overlapping area represents the amount of risk that can be diversified away by holding Antelope Enterprise Holdings and Founder Group Limited in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Founder Group Limited and Antelope Enterprise 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 Antelope Enterprise Holdings are associated (or correlated) with Founder Group. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Founder Group Limited has no effect on the direction of Antelope Enterprise i.e., Antelope Enterprise and Founder Group go up and down completely randomly.
Pair Corralation between Antelope Enterprise and Founder Group
Given the investment horizon of 90 days Antelope Enterprise Holdings is expected to generate 0.82 times more return on investment than Founder Group. However, Antelope Enterprise Holdings is 1.22 times less risky than Founder Group. It trades about -0.15 of its potential returns per unit of risk. Founder Group Limited is currently generating about -0.15 per unit of risk. If you would invest 335.00 in Antelope Enterprise Holdings on August 16, 2025 and sell it today you would lose (215.00) from holding Antelope Enterprise Holdings or give up 64.18% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Antelope Enterprise Holdings vs. Founder Group Limited
Performance |
| Timeline |
| Antelope Enterprise |
| Founder Group Limited |
Antelope Enterprise and Founder Group Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Antelope Enterprise and Founder Group
The main advantage of trading using opposite Antelope Enterprise and Founder Group positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Antelope Enterprise position performs unexpectedly, Founder 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 Founder Group will offset losses from the drop in Founder Group's long position.| Antelope Enterprise vs. Donaldson | Antelope Enterprise vs. Generac Holdings | Antelope Enterprise vs. Regal Beloit | Antelope Enterprise vs. Flowserve |
| Founder Group vs. PROSHARES ULTRASHORT RUSSELL | Founder Group vs. FBS Global Limited | Founder Group vs. Galaxy Payroll Group | Founder Group vs. Antelope Enterprise Holdings |
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 Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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