Correlation Between Max Financial and G Tec
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By analyzing existing cross correlation between Max Financial Services and G Tec Jainx Education, you can compare the effects of market volatilities on Max Financial and G Tec 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 Max Financial with a short position of G Tec. Check out your portfolio center. Please also check ongoing floating volatility patterns of Max Financial and G Tec.
Diversification Opportunities for Max Financial and G Tec
-0.52 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Max and GTECJAINX is -0.52. Overlapping area represents the amount of risk that can be diversified away by holding Max Financial Services and G Tec Jainx Education in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on G Tec Jainx and Max Financial 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 Max Financial Services are associated (or correlated) with G Tec. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of G Tec Jainx has no effect on the direction of Max Financial i.e., Max Financial and G Tec go up and down completely randomly.
Pair Corralation between Max Financial and G Tec
Assuming the 90 days trading horizon Max Financial Services is expected to under-perform the G Tec. But the stock apears to be less risky and, when comparing its historical volatility, Max Financial Services is 3.09 times less risky than G Tec. The stock trades about -0.06 of its potential returns per unit of risk. The G Tec Jainx Education is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest 2,600 in G Tec Jainx Education on July 28, 2025 and sell it today you would earn a total of 151.00 from holding G Tec Jainx Education or generate 5.81% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Max Financial Services vs. G Tec Jainx Education
Performance |
| Timeline |
| Max Financial Services |
| G Tec Jainx |
Max Financial and G Tec Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Max Financial and G Tec
The main advantage of trading using opposite Max Financial and G Tec positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Max Financial position performs unexpectedly, G Tec 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 G Tec will offset losses from the drop in G Tec's long position.| Max Financial vs. Bikaji Foods International | Max Financial vs. LLOYDS METALS AND | Max Financial vs. Shivalik Bimetal Controls | Max Financial vs. Alkali Metals Limited |
| G Tec vs. NIIT LEARNING SYSTEMS | G Tec vs. Veranda Learning Solutions | G Tec vs. NIIT Limited | G Tec vs. Aptech Limited |
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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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