Correlation Between MTY Food and Trisura
Can any of the company-specific risk be diversified away by investing in both MTY Food and Trisura 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 MTY Food and Trisura into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between MTY Food Group and Trisura Group, you can compare the effects of market volatilities on MTY Food and Trisura 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 MTY Food with a short position of Trisura. Check out your portfolio center. Please also check ongoing floating volatility patterns of MTY Food and Trisura.
Diversification Opportunities for MTY Food and Trisura
Very weak diversification
The 3 months correlation between MTY and Trisura is 0.52. Overlapping area represents the amount of risk that can be diversified away by holding MTY Food Group and Trisura Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Trisura Group and MTY Food 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 MTY Food Group are associated (or correlated) with Trisura. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Trisura Group has no effect on the direction of MTY Food i.e., MTY Food and Trisura go up and down completely randomly.
Pair Corralation between MTY Food and Trisura
Assuming the 90 days trading horizon MTY Food Group is expected to generate 1.61 times more return on investment than Trisura. However, MTY Food is 1.61 times more volatile than Trisura Group. It trades about 0.01 of its potential returns per unit of risk. Trisura Group is currently generating about 0.0 per unit of risk. If you would invest 3,810 in MTY Food Group on September 4, 2025 and sell it today you would lose (42.00) from holding MTY Food Group or give up 1.1% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
MTY Food Group vs. Trisura Group
Performance |
| Timeline |
| MTY Food Group |
| Trisura Group |
MTY Food and Trisura Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with MTY Food and Trisura
The main advantage of trading using opposite MTY Food and Trisura positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if MTY Food position performs unexpectedly, Trisura 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 Trisura will offset losses from the drop in Trisura's long position.| MTY Food vs. CVS HEALTH CDR | MTY Food vs. Primaris Retail RE | MTY Food vs. Contagious Gaming | MTY Food vs. NeuPath Health |
| Trisura vs. Economic Investment Trust | Trisura vs. Waste Management, | Trisura vs. North American Construction | Trisura vs. Canaf Investments |
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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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