Correlation Between MMTEC and Glimpse
Can any of the company-specific risk be diversified away by investing in both MMTEC and Glimpse 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 MMTEC and Glimpse into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between MMTEC Inc and Glimpse Group, you can compare the effects of market volatilities on MMTEC and Glimpse 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 MMTEC with a short position of Glimpse. Check out your portfolio center. Please also check ongoing floating volatility patterns of MMTEC and Glimpse.
Diversification Opportunities for MMTEC and Glimpse
Very good diversification
The 3 months correlation between MMTEC and Glimpse is -0.42. Overlapping area represents the amount of risk that can be diversified away by holding MMTEC Inc and Glimpse Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Glimpse Group and MMTEC 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 MMTEC Inc are associated (or correlated) with Glimpse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Glimpse Group has no effect on the direction of MMTEC i.e., MMTEC and Glimpse go up and down completely randomly.
Pair Corralation between MMTEC and Glimpse
Considering the 90-day investment horizon MMTEC Inc is expected to under-perform the Glimpse. In addition to that, MMTEC is 1.24 times more volatile than Glimpse Group. It trades about 0.0 of its total potential returns per unit of risk. Glimpse Group is currently generating about 0.02 per unit of volatility. If you would invest 160.00 in Glimpse Group on July 24, 2025 and sell it today you would lose (1.00) from holding Glimpse Group or give up 0.62% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
MMTEC Inc vs. Glimpse Group
Performance |
| Timeline |
| MMTEC Inc |
| Glimpse Group |
MMTEC and Glimpse Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with MMTEC and Glimpse
The main advantage of trading using opposite MMTEC and Glimpse positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if MMTEC position performs unexpectedly, Glimpse 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 Glimpse will offset losses from the drop in Glimpse's long position.The idea behind MMTEC Inc and Glimpse Group pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.| Glimpse vs. authID Inc | Glimpse vs. U BX Technology Ltd | Glimpse vs. The GrowHub Limited | Glimpse vs. Katapult Holdings |
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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
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