Correlation Between MAIA Biotechnology and Robinsons Retail
Can any of the company-specific risk be diversified away by investing in both MAIA Biotechnology and Robinsons Retail 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 MAIA Biotechnology and Robinsons Retail into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between MAIA Biotechnology and Robinsons Retail Holdings, you can compare the effects of market volatilities on MAIA Biotechnology and Robinsons Retail 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 MAIA Biotechnology with a short position of Robinsons Retail. Check out your portfolio center. Please also check ongoing floating volatility patterns of MAIA Biotechnology and Robinsons Retail.
Diversification Opportunities for MAIA Biotechnology and Robinsons Retail
0.63 | Correlation Coefficient |
Poor diversification
The 3 months correlation between MAIA and Robinsons is 0.63. Overlapping area represents the amount of risk that can be diversified away by holding MAIA Biotechnology and Robinsons Retail Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Robinsons Retail Holdings and MAIA Biotechnology 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 MAIA Biotechnology are associated (or correlated) with Robinsons Retail. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Robinsons Retail Holdings has no effect on the direction of MAIA Biotechnology i.e., MAIA Biotechnology and Robinsons Retail go up and down completely randomly.
Pair Corralation between MAIA Biotechnology and Robinsons Retail
Given the investment horizon of 90 days MAIA Biotechnology is expected to under-perform the Robinsons Retail. In addition to that, MAIA Biotechnology is 3.29 times more volatile than Robinsons Retail Holdings. It trades about -0.06 of its total potential returns per unit of risk. Robinsons Retail Holdings is currently generating about -0.12 per unit of volatility. If you would invest 618.00 in Robinsons Retail Holdings on September 9, 2025 and sell it today you would lose (74.00) from holding Robinsons Retail Holdings or give up 11.97% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 98.46% |
| Values | Daily Returns |
MAIA Biotechnology vs. Robinsons Retail Holdings
Performance |
| Timeline |
| MAIA Biotechnology |
| Robinsons Retail Holdings |
MAIA Biotechnology and Robinsons Retail Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with MAIA Biotechnology and Robinsons Retail
The main advantage of trading using opposite MAIA Biotechnology and Robinsons Retail positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if MAIA Biotechnology position performs unexpectedly, Robinsons Retail 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 Robinsons Retail will offset losses from the drop in Robinsons Retail's long position.| MAIA Biotechnology vs. Elutia Inc | MAIA Biotechnology vs. Lantern Pharma | MAIA Biotechnology vs. Bioatla | MAIA Biotechnology vs. PolyPid |
| Robinsons Retail vs. Lenta PLC | Robinsons Retail vs. PT Mitra Adiperkasa | Robinsons Retail vs. La Comer SAB | Robinsons Retail vs. Fenix Outdoor International |
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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
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