Correlation Between Megasoft and Cyngn
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By analyzing existing cross correlation between Megasoft Limited and Cyngn Inc, you can compare the effects of market volatilities on Megasoft and Cyngn 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 Megasoft with a short position of Cyngn. Check out your portfolio center. Please also check ongoing floating volatility patterns of Megasoft and Cyngn.
Diversification Opportunities for Megasoft and Cyngn
Pay attention - limited upside
The 3 months correlation between Megasoft and Cyngn is -0.71. Overlapping area represents the amount of risk that can be diversified away by holding Megasoft Limited and Cyngn Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Cyngn Inc and Megasoft 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 Megasoft Limited are associated (or correlated) with Cyngn. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cyngn Inc has no effect on the direction of Megasoft i.e., Megasoft and Cyngn go up and down completely randomly.
Pair Corralation between Megasoft and Cyngn
Assuming the 90 days trading horizon Megasoft Limited is expected to generate 0.64 times more return on investment than Cyngn. However, Megasoft Limited is 1.56 times less risky than Cyngn. It trades about 0.18 of its potential returns per unit of risk. Cyngn Inc is currently generating about -0.2 per unit of risk. If you would invest 13,273 in Megasoft Limited on August 22, 2025 and sell it today you would earn a total of 5,757 from holding Megasoft Limited or generate 43.37% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 98.44% |
| Values | Daily Returns |
Megasoft Limited vs. Cyngn Inc
Performance |
| Timeline |
| Megasoft Limited |
| Cyngn Inc |
Megasoft and Cyngn Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Megasoft and Cyngn
The main advantage of trading using opposite Megasoft and Cyngn positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Megasoft position performs unexpectedly, Cyngn 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 Cyngn will offset losses from the drop in Cyngn's long position.| Megasoft vs. Foods Inns Limited | Megasoft vs. Consolidated Construction Consortium | Megasoft vs. Bigbloc Construction Limited | Megasoft vs. Fine Organic Industries |
| Cyngn vs. Swvl Holdings Corp | Cyngn vs. Creative Realities | Cyngn vs. SIMPPLE LTD Ordinary | Cyngn vs. Blackboxstocks |
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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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