Correlation Between MOGU and ITT Educational
Can any of the company-specific risk be diversified away by investing in both MOGU and ITT Educational 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 MOGU and ITT Educational into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between MOGU Inc and ITT Educational Services, you can compare the effects of market volatilities on MOGU and ITT Educational 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 MOGU with a short position of ITT Educational. Check out your portfolio center. Please also check ongoing floating volatility patterns of MOGU and ITT Educational.
Diversification Opportunities for MOGU and ITT Educational
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between MOGU and ITT is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding MOGU Inc and ITT Educational Services in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on ITT Educational Services and MOGU 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 MOGU Inc are associated (or correlated) with ITT Educational. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ITT Educational Services has no effect on the direction of MOGU i.e., MOGU and ITT Educational go up and down completely randomly.
Pair Corralation between MOGU and ITT Educational
If you would invest 240.00 in MOGU Inc on September 2, 2025 and sell it today you would earn a total of 27.00 from holding MOGU Inc or generate 11.25% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
MOGU Inc vs. ITT Educational Services
Performance |
| Timeline |
| MOGU Inc |
| ITT Educational Services |
MOGU and ITT Educational Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with MOGU and ITT Educational
The main advantage of trading using opposite MOGU and ITT Educational positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if MOGU position performs unexpectedly, ITT Educational 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 ITT Educational will offset losses from the drop in ITT Educational's long position.| MOGU vs. ITT Educational Services | MOGU vs. CARsgen Therapeutics Holdings | MOGU vs. Motorcar Parts of | MOGU vs. Quality Online Education |
| ITT Educational vs. TCL Electronics Holdings | ITT Educational vs. ISE Chemicals | ITT Educational vs. Sekisui Chemical Co | ITT Educational vs. Genesis Electronics Group |
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 Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Other Complementary Tools
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories |