Correlation Between Take Two and Gaxosai
Can any of the company-specific risk be diversified away by investing in both Take Two and Gaxosai 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 Take Two and Gaxosai into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Take Two Interactive Software and Gaxosai, you can compare the effects of market volatilities on Take Two and Gaxosai 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 Take Two with a short position of Gaxosai. Check out your portfolio center. Please also check ongoing floating volatility patterns of Take Two and Gaxosai.
Diversification Opportunities for Take Two and Gaxosai
Poor diversification
The 3 months correlation between Take and Gaxosai is 0.72. Overlapping area represents the amount of risk that can be diversified away by holding Take Two Interactive Software and Gaxosai in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Gaxosai and Take Two 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 Take Two Interactive Software are associated (or correlated) with Gaxosai. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Gaxosai has no effect on the direction of Take Two i.e., Take Two and Gaxosai go up and down completely randomly.
Pair Corralation between Take Two and Gaxosai
Given the investment horizon of 90 days Take Two Interactive Software is expected to generate 0.37 times more return on investment than Gaxosai. However, Take Two Interactive Software is 2.72 times less risky than Gaxosai. It trades about -0.07 of its potential returns per unit of risk. Gaxosai is currently generating about -0.25 per unit of risk. If you would invest 25,668 in Take Two Interactive Software on September 13, 2025 and sell it today you would lose (1,427) from holding Take Two Interactive Software or give up 5.56% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Take Two Interactive Software vs. Gaxosai
Performance |
| Timeline |
| Take Two Interactive |
| Gaxosai |
Take Two and Gaxosai Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Take Two and Gaxosai
The main advantage of trading using opposite Take Two and Gaxosai positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Take Two position performs unexpectedly, Gaxosai 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 Gaxosai will offset losses from the drop in Gaxosai's long position.| Take Two vs. Electronic Arts | Take Two vs. Garmin | Take Two vs. Monolithic Power Systems | Take Two vs. Block, Inc |
| Gaxosai vs. Brag House Holdings, | Gaxosai vs. Blue Hat Interactive | Gaxosai vs. Motorsport Gaming Us | Gaxosai vs. Silynxcom |
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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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