Correlation Between Matson Money and General Money
Can any of the company-specific risk be diversified away by investing in both Matson Money and General Money 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 Matson Money and General Money into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Matson Money Equity and General Money Market, you can compare the effects of market volatilities on Matson Money and General Money 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 Matson Money with a short position of General Money. Check out your portfolio center. Please also check ongoing floating volatility patterns of Matson Money and General Money.
Diversification Opportunities for Matson Money and General Money
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Matson and General is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Matson Money Equity and General Money Market in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on General Money Market and Matson Money 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 Matson Money Equity are associated (or correlated) with General Money. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of General Money Market has no effect on the direction of Matson Money i.e., Matson Money and General Money go up and down completely randomly.
Pair Corralation between Matson Money and General Money
If you would invest 3,072 in Matson Money Equity on May 29, 2025 and sell it today you would earn a total of 335.00 from holding Matson Money Equity or generate 10.9% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 98.44% |
| Values | Daily Returns |
Matson Money Equity vs. General Money Market
Performance |
| Timeline |
| Matson Money Equity |
| General Money Market |
Matson Money and General Money Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Matson Money and General Money
The main advantage of trading using opposite Matson Money and General Money positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Matson Money position performs unexpectedly, General Money 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 General Money will offset losses from the drop in General Money's long position.| Matson Money vs. Putnam Money Market | Matson Money vs. Profunds Money | Matson Money vs. Fidelity Money Market | Matson Money vs. Elfun Government Money |
| General Money vs. Cohen Steers Real | General Money vs. Simt Real Estate | General Money vs. Vanguard Reit Index | General Money vs. Great West Real Estate |
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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
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