Correlation Between Bright Scholar and Maison Solutions
Can any of the company-specific risk be diversified away by investing in both Bright Scholar and Maison Solutions 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 Bright Scholar and Maison Solutions into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Bright Scholar Education and Maison Solutions, you can compare the effects of market volatilities on Bright Scholar and Maison Solutions 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 Bright Scholar with a short position of Maison Solutions. Check out your portfolio center. Please also check ongoing floating volatility patterns of Bright Scholar and Maison Solutions.
Diversification Opportunities for Bright Scholar and Maison Solutions
-0.85 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Bright and Maison is -0.85. Overlapping area represents the amount of risk that can be diversified away by holding Bright Scholar Education and Maison Solutions in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Maison Solutions and Bright Scholar 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 Bright Scholar Education are associated (or correlated) with Maison Solutions. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Maison Solutions has no effect on the direction of Bright Scholar i.e., Bright Scholar and Maison Solutions go up and down completely randomly.
Pair Corralation between Bright Scholar and Maison Solutions
Given the investment horizon of 90 days Bright Scholar Education is expected to generate 0.11 times more return on investment than Maison Solutions. However, Bright Scholar Education is 8.84 times less risky than Maison Solutions. It trades about 0.4 of its potential returns per unit of risk. Maison Solutions is currently generating about -0.32 per unit of risk. If you would invest 220.00 in Bright Scholar Education on October 9, 2025 and sell it today you would earn a total of 5.00 from holding Bright Scholar Education or generate 2.27% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Significant |
| Accuracy | 35.0% |
| Values | Daily Returns |
Bright Scholar Education vs. Maison Solutions
Performance |
| Timeline |
| Bright Scholar Education |
Risk-Adjusted Performance
Mild
Weak | Strong |
| Maison Solutions |
Bright Scholar and Maison Solutions Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Bright Scholar and Maison Solutions
The main advantage of trading using opposite Bright Scholar and Maison Solutions positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Bright Scholar position performs unexpectedly, Maison Solutions 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 Maison Solutions will offset losses from the drop in Maison Solutions' long position.| Bright Scholar vs. Skillful Craftsman Education | Bright Scholar vs. ATA Creativity Global | Bright Scholar vs. Willamette Valley Vineyards | Bright Scholar vs. Marwynn Holdings Common |
| Maison Solutions vs. Classover Holdings Class | Maison Solutions vs. TDH Holdings | Maison Solutions vs. Bon Natural Life | Maison Solutions vs. Planet Green 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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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