Correlation Between Mantle and Worldcoin
Can any of the company-specific risk be diversified away by investing in both Mantle and Worldcoin 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 Mantle and Worldcoin into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Mantle and Worldcoin, you can compare the effects of market volatilities on Mantle and Worldcoin 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 Mantle with a short position of Worldcoin. Check out your portfolio center. Please also check ongoing floating volatility patterns of Mantle and Worldcoin.
Diversification Opportunities for Mantle and Worldcoin
Poor diversification
The 3 months correlation between Mantle and Worldcoin is 0.75. Overlapping area represents the amount of risk that can be diversified away by holding Mantle and Worldcoin in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Worldcoin and Mantle 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 Mantle are associated (or correlated) with Worldcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Worldcoin has no effect on the direction of Mantle i.e., Mantle and Worldcoin go up and down completely randomly.
Pair Corralation between Mantle and Worldcoin
Assuming the 90 days trading horizon Mantle is expected to generate 1.2 times more return on investment than Worldcoin. However, Mantle is 1.2 times more volatile than Worldcoin. It trades about -0.03 of its potential returns per unit of risk. Worldcoin is currently generating about -0.23 per unit of risk. If you would invest 165.00 in Mantle on September 12, 2025 and sell it today you would lose (46.00) from holding Mantle or give up 27.88% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 98.46% |
| Values | Daily Returns |
Mantle vs. Worldcoin
Performance |
| Timeline |
| Mantle |
| Worldcoin |
Mantle and Worldcoin Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Mantle and Worldcoin
The main advantage of trading using opposite Mantle and Worldcoin positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Mantle position performs unexpectedly, Worldcoin 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 Worldcoin will offset losses from the drop in Worldcoin's long position.The idea behind Mantle and Worldcoin pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.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 Managers module to screen money managers from public funds and ETFs managed around the world.
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