Correlation Between MPX International and Boqii Holding
Can any of the company-specific risk be diversified away by investing in both MPX International and Boqii Holding 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 MPX International and Boqii Holding into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between MPX International Corp and Boqii Holding Limited, you can compare the effects of market volatilities on MPX International and Boqii Holding 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 MPX International with a short position of Boqii Holding. Check out your portfolio center. Please also check ongoing floating volatility patterns of MPX International and Boqii Holding.
Diversification Opportunities for MPX International and Boqii Holding
-0.23 | Correlation Coefficient |
Very good diversification
The 3 months correlation between MPX and Boqii is -0.23. Overlapping area represents the amount of risk that can be diversified away by holding MPX International Corp and Boqii Holding Limited in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Boqii Holding Limited and MPX International 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 MPX International Corp are associated (or correlated) with Boqii Holding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Boqii Holding Limited has no effect on the direction of MPX International i.e., MPX International and Boqii Holding go up and down completely randomly.
Pair Corralation between MPX International and Boqii Holding
Assuming the 90 days horizon MPX International Corp is expected to under-perform the Boqii Holding. But the pink sheet apears to be less risky and, when comparing its historical volatility, MPX International Corp is 1.93 times less risky than Boqii Holding. The pink sheet trades about -0.04 of its potential returns per unit of risk. The Boqii Holding Limited is currently generating about 0.09 of returns per unit of risk over similar time horizon. If you would invest 266.00 in Boqii Holding Limited on August 23, 2025 and sell it today you would lose (93.00) from holding Boqii Holding Limited or give up 34.96% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 98.44% |
| Values | Daily Returns |
MPX International Corp vs. Boqii Holding Limited
Performance |
| Timeline |
| MPX International Corp |
| Boqii Holding Limited |
MPX International and Boqii Holding Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with MPX International and Boqii Holding
The main advantage of trading using opposite MPX International and Boqii Holding positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if MPX International position performs unexpectedly, Boqii Holding 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 Boqii Holding will offset losses from the drop in Boqii Holding's long position.| MPX International vs. North American Cannabis | MPX International vs. Halo Collective | MPX International vs. CannTrust Holdings | MPX International vs. Sentry Petroleum |
| Boqii Holding vs. Sea | Boqii Holding vs. Carvana Co | Boqii Holding vs. Lowes Companies | Boqii Holding vs. Starbucks |
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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Other Complementary Tools
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |