Correlation Between FRACTAL GAMING and WPP -

Can any of the company-specific risk be diversified away by investing in both FRACTAL GAMING and WPP - 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 FRACTAL GAMING and WPP - into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between FRACTAL GAMING GROUP and WPP Dusseldorf, you can compare the effects of market volatilities on FRACTAL GAMING and WPP - 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 FRACTAL GAMING with a short position of WPP -. Check out your portfolio center. Please also check ongoing floating volatility patterns of FRACTAL GAMING and WPP -.

Diversification Opportunities for FRACTAL GAMING and WPP -

-0.65

Correlation Coefficient

FRACTAL GAMING  WPP -

Excellent diversification

The 3 months correlation between FRACTAL and WPP is -0.65. Overlapping area represents the amount of risk that can be diversified away by holding FRACTAL GAMING GROUP and WPP Dusseldorf in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on WPP Dusseldorf and FRACTAL GAMING 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 FRACTAL GAMING GROUP are associated (or correlated) with WPP -. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of WPP Dusseldorf has no effect on the direction of FRACTAL GAMING i.e., FRACTAL GAMING and WPP - go up and down completely randomly.

Pair Corralation between FRACTAL GAMING and WPP -

Assuming the 90 days horizon FRACTAL GAMING GROUP is expected to generate 1.17 times more return on investment than WPP -. However, FRACTAL GAMING is 1.17 times more volatile than WPP Dusseldorf. It trades about 0.13 of its potential returns per unit of risk. WPP Dusseldorf is currently generating about -0.2 per unit of risk. If you would invest  267.00  in FRACTAL GAMING GROUP on December 21, 2024 and sell it today you would earn a total of  55.00  from holding FRACTAL GAMING GROUP or generate 20.6% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Weak
Accuracy	100.0%
Values	Daily Returns

FRACTAL GAMING GROUP  vs.  WPP Dusseldorf

FRACTAL GAMING GROUP

Risk-Adjusted Performance

OK

Compared to the overall equity markets, risk-adjusted returns on investments in FRACTAL GAMING GROUP are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. Despite nearly uncertain basic indicators, FRACTAL GAMING reported solid returns over the last few months and may actually be approaching a breakup point.

WPP Dusseldorf

Risk-Adjusted Performance

Very Weak

Over the last 90 days WPP Dusseldorf has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fragile performance in the last few months, the Stock's basic indicators remain comparatively stable which may send shares a bit higher in April 2025. The newest uproar may also be a sign of mid-term up-swing for the firm private investors.

Pair Trading with FRACTAL GAMING and WPP -

The main advantage of trading using opposite FRACTAL GAMING and WPP - positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if FRACTAL GAMING position performs unexpectedly, WPP - 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 WPP - will offset losses from the drop in WPP -'s long position.

The idea behind FRACTAL GAMING GROUP and WPP Dusseldorf 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.

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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 Valuation module to check real value of public entities based on technical and fundamental data.