Correlation Between Grindr and EPlus
Can any of the company-specific risk be diversified away by investing in both Grindr and EPlus 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 Grindr and EPlus into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Grindr Inc and ePlus inc, you can compare the effects of market volatilities on Grindr and EPlus 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 Grindr with a short position of EPlus. Check out your portfolio center. Please also check ongoing floating volatility patterns of Grindr and EPlus.
Diversification Opportunities for Grindr and EPlus
Very good diversification
The 3 months correlation between Grindr and EPlus is -0.24. Overlapping area represents the amount of risk that can be diversified away by holding Grindr Inc and ePlus inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on ePlus inc and Grindr 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 Grindr Inc are associated (or correlated) with EPlus. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ePlus inc has no effect on the direction of Grindr i.e., Grindr and EPlus go up and down completely randomly.
Pair Corralation between Grindr and EPlus
Given the investment horizon of 90 days Grindr Inc is expected to under-perform the EPlus. In addition to that, Grindr is 1.62 times more volatile than ePlus inc. It trades about -0.03 of its total potential returns per unit of risk. ePlus inc is currently generating about 0.16 per unit of volatility. If you would invest 7,118 in ePlus inc on September 6, 2025 and sell it today you would earn a total of 1,902 from holding ePlus inc or generate 26.72% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Grindr Inc vs. ePlus inc
Performance |
| Timeline |
| Grindr Inc |
| ePlus inc |
Grindr and EPlus Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Grindr and EPlus
The main advantage of trading using opposite Grindr and EPlus positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Grindr position performs unexpectedly, EPlus 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 EPlus will offset losses from the drop in EPlus' long position.| Grindr vs. Barrick Mining | Grindr vs. ISE Chemicals | Grindr vs. Kingsrose Mining Limited | Grindr vs. GungHo Online Entertainment |
| EPlus vs. Monster Beverage Corp | EPlus vs. Drinks Americas Hldg | EPlus vs. Fernhill Beverage | EPlus vs. Koios Beverage Corp |
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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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