Correlation Between CONSOLIDATED HALLMARK and MULTI TREX
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By analyzing existing cross correlation between CONSOLIDATED HALLMARK HOLDINGS and MULTI TREX INTEGRATED FOODS, you can compare the effects of market volatilities on CONSOLIDATED HALLMARK and MULTI TREX 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 CONSOLIDATED HALLMARK with a short position of MULTI TREX. Check out your portfolio center. Please also check ongoing floating volatility patterns of CONSOLIDATED HALLMARK and MULTI TREX.
Diversification Opportunities for CONSOLIDATED HALLMARK and MULTI TREX
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between CONSOLIDATED and MULTI is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding CONSOLIDATED HALLMARK HOLDINGS and MULTI TREX INTEGRATED FOODS in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on MULTI TREX INTEGRATED and CONSOLIDATED HALLMARK 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 CONSOLIDATED HALLMARK HOLDINGS are associated (or correlated) with MULTI TREX. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of MULTI TREX INTEGRATED has no effect on the direction of CONSOLIDATED HALLMARK i.e., CONSOLIDATED HALLMARK and MULTI TREX go up and down completely randomly.
Pair Corralation between CONSOLIDATED HALLMARK and MULTI TREX
If you would invest 286.00 in CONSOLIDATED HALLMARK HOLDINGS on May 31, 2025 and sell it today you would earn a total of 144.00 from holding CONSOLIDATED HALLMARK HOLDINGS or generate 50.35% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 98.36% |
| Values | Daily Returns |
CONSOLIDATED HALLMARK HOLDINGS vs. MULTI TREX INTEGRATED FOODS
Performance |
| Timeline |
| CONSOLIDATED HALLMARK |
| MULTI TREX INTEGRATED |
CONSOLIDATED HALLMARK and MULTI TREX Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with CONSOLIDATED HALLMARK and MULTI TREX
The main advantage of trading using opposite CONSOLIDATED HALLMARK and MULTI TREX positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if CONSOLIDATED HALLMARK position performs unexpectedly, MULTI TREX 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 MULTI TREX will offset losses from the drop in MULTI TREX's long position.| CONSOLIDATED HALLMARK vs. DN TYRE RUBBER | CONSOLIDATED HALLMARK vs. NEWGOLD EXCHANGE TRADED | CONSOLIDATED HALLMARK vs. STACO INSURANCE PLC | CONSOLIDATED HALLMARK vs. AFRICAN ALLIANCE INSURANCE |
| MULTI TREX vs. GUINEA INSURANCE PLC | MULTI TREX vs. ALUMINIUM EXTRUSION IND | MULTI TREX vs. VITAFOAM NIGERIA PLC | MULTI TREX vs. SECURE ELECTRONIC TECHNOLOGY |
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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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