Correlation Between Mattel and Integral
Can any of the company-specific risk be diversified away by investing in both Mattel and Integral 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 Mattel and Integral into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Mattel Inc and Integral Ad Science, you can compare the effects of market volatilities on Mattel and Integral 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 Mattel with a short position of Integral. Check out your portfolio center. Please also check ongoing floating volatility patterns of Mattel and Integral.
Diversification Opportunities for Mattel and Integral
Very good diversification
The 3 months correlation between Mattel and Integral is -0.25. Overlapping area represents the amount of risk that can be diversified away by holding Mattel Inc and Integral Ad Science in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Integral Ad Science and Mattel 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 Mattel Inc are associated (or correlated) with Integral. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Integral Ad Science has no effect on the direction of Mattel i.e., Mattel and Integral go up and down completely randomly.
Pair Corralation between Mattel and Integral
Considering the 90-day investment horizon Mattel is expected to generate 16.92 times less return on investment than Integral. But when comparing it to its historical volatility, Mattel Inc is 1.01 times less risky than Integral. It trades about 0.0 of its potential returns per unit of risk. Integral Ad Science is currently generating about 0.07 of returns per unit of risk over similar time horizon. If you would invest 816.00 in Integral Ad Science on June 2, 2025 and sell it today you would earn a total of 83.00 from holding Integral Ad Science or generate 10.17% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Mattel Inc vs. Integral Ad Science
Performance |
| Timeline |
| Mattel Inc |
| Integral Ad Science |
Mattel and Integral Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Mattel and Integral
The main advantage of trading using opposite Mattel and Integral positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Mattel position performs unexpectedly, Integral 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 Integral will offset losses from the drop in Integral's long position.| Mattel vs. Hasbro Inc | Mattel vs. United Parks Resorts | Mattel vs. JAKKS Pacific | Mattel vs. Planet Fitness |
| Integral vs. Interpublic Group of | Integral vs. Cimpress NV | Integral vs. Stagwell | Integral vs. Criteo Sa |
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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Other Complementary Tools
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites |