Correlation Between Multilaser Industrial and STAG Industrial,
Can any of the company-specific risk be diversified away by investing in both Multilaser Industrial and STAG Industrial, 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 Multilaser Industrial and STAG Industrial, into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Multilaser Industrial SA and STAG Industrial,, you can compare the effects of market volatilities on Multilaser Industrial and STAG Industrial, 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 Multilaser Industrial with a short position of STAG Industrial,. Check out your portfolio center. Please also check ongoing floating volatility patterns of Multilaser Industrial and STAG Industrial,.
Diversification Opportunities for Multilaser Industrial and STAG Industrial,
0.46 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Multilaser and STAG is 0.46. Overlapping area represents the amount of risk that can be diversified away by holding Multilaser Industrial SA and STAG Industrial, in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on STAG Industrial, and Multilaser Industrial 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 Multilaser Industrial SA are associated (or correlated) with STAG Industrial,. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of STAG Industrial, has no effect on the direction of Multilaser Industrial i.e., Multilaser Industrial and STAG Industrial, go up and down completely randomly.
Pair Corralation between Multilaser Industrial and STAG Industrial,
Assuming the 90 days trading horizon Multilaser Industrial SA is expected to generate 2.57 times more return on investment than STAG Industrial,. However, Multilaser Industrial is 2.57 times more volatile than STAG Industrial,. It trades about 0.22 of its potential returns per unit of risk. STAG Industrial, is currently generating about 0.07 per unit of risk. If you would invest 101.00 in Multilaser Industrial SA on September 4, 2025 and sell it today you would earn a total of 45.00 from holding Multilaser Industrial SA or generate 44.55% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 98.44% |
| Values | Daily Returns |
Multilaser Industrial SA vs. STAG Industrial,
Performance |
| Timeline |
| Multilaser Industrial |
| STAG Industrial, |
Multilaser Industrial and STAG Industrial, Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Multilaser Industrial and STAG Industrial,
The main advantage of trading using opposite Multilaser Industrial and STAG Industrial, positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Multilaser Industrial position performs unexpectedly, STAG Industrial, 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 STAG Industrial, will offset losses from the drop in STAG Industrial,'s long position.| Multilaser Industrial vs. Nordon Indstrias Metalrgicas | Multilaser Industrial vs. Hormel Foods | Multilaser Industrial vs. salesforce inc | Multilaser Industrial vs. Ryanair Holdings plc |
| STAG Industrial, vs. Patria Investments Limited | STAG Industrial, vs. T Mobile | STAG Industrial, vs. Metalurgica Gerdau SA | STAG Industrial, vs. Waste Management |
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 Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Other Complementary Tools
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Stocks Directory Find actively traded stocks across global markets | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules |