Correlation Between Founder Group and Antelope Enterprise
Can any of the company-specific risk be diversified away by investing in both Founder Group and Antelope Enterprise 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 Founder Group and Antelope Enterprise into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Founder Group Limited and Antelope Enterprise Holdings, you can compare the effects of market volatilities on Founder Group and Antelope Enterprise 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 Founder Group with a short position of Antelope Enterprise. Check out your portfolio center. Please also check ongoing floating volatility patterns of Founder Group and Antelope Enterprise.
Diversification Opportunities for Founder Group and Antelope Enterprise
0.42 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Founder and Antelope is 0.42. Overlapping area represents the amount of risk that can be diversified away by holding Founder Group Limited and Antelope Enterprise Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Antelope Enterprise and Founder Group 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 Founder Group Limited are associated (or correlated) with Antelope Enterprise. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Antelope Enterprise has no effect on the direction of Founder Group i.e., Founder Group and Antelope Enterprise go up and down completely randomly.
Pair Corralation between Founder Group and Antelope Enterprise
Considering the 90-day investment horizon Founder Group Limited is expected to under-perform the Antelope Enterprise. In addition to that, Founder Group is 1.21 times more volatile than Antelope Enterprise Holdings. It trades about -0.14 of its total potential returns per unit of risk. Antelope Enterprise Holdings is currently generating about -0.12 per unit of volatility. If you would invest 316.00 in Antelope Enterprise Holdings on August 20, 2025 and sell it today you would lose (185.00) from holding Antelope Enterprise Holdings or give up 58.54% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Founder Group Limited vs. Antelope Enterprise Holdings
Performance |
| Timeline |
| Founder Group Limited |
| Antelope Enterprise |
Founder Group and Antelope Enterprise Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Founder Group and Antelope Enterprise
The main advantage of trading using opposite Founder Group and Antelope Enterprise positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Founder Group position performs unexpectedly, Antelope Enterprise 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 Antelope Enterprise will offset losses from the drop in Antelope Enterprise's long position.| Founder Group vs. PROSHARES ULTRASHORT RUSSELL | Founder Group vs. FBS Global Limited | Founder Group vs. Galaxy Payroll Group | Founder Group vs. Antelope Enterprise Holdings |
| Antelope Enterprise vs. Donaldson | Antelope Enterprise vs. Generac Holdings | Antelope Enterprise vs. Regal Beloit | Antelope Enterprise vs. Flowserve |
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 CEOs Directory module to screen CEOs from public companies around the world.
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