Correlation Between Marblegate Acquisition and Growth For

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

By analyzing existing cross correlation between Marblegate Acquisition Corp and The Growth For, you can compare the effects of market volatilities on Marblegate Acquisition and Growth For 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 Marblegate Acquisition with a short position of Growth For. Check out your portfolio center. Please also check ongoing floating volatility patterns of Marblegate Acquisition and Growth For.

Diversification Opportunities for Marblegate Acquisition and Growth For

-0.23

Correlation Coefficient

Marblegate Acquisition  Growth For

Very good diversification

The 3 months correlation between Marblegate and Growth is -0.23. Overlapping area represents the amount of risk that can be diversified away by holding Marblegate Acquisition Corp and The Growth For in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Growth For and Marblegate Acquisition 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 Marblegate Acquisition Corp are associated (or correlated) with Growth For. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Growth For has no effect on the direction of Marblegate Acquisition i.e., Marblegate Acquisition and Growth For go up and down completely randomly.

Pair Corralation between Marblegate Acquisition and Growth For

If you would invest  3.00  in Marblegate Acquisition Corp on October 26, 2024 and sell it today you would earn a total of  0.45  from holding Marblegate Acquisition Corp or generate 15.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	1.67%
Values	Daily Returns

Marblegate Acquisition Corp  vs.  The Growth For

Marblegate Acquisition

Risk-Adjusted Performance

7 of 100

Very Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Marblegate Acquisition Corp are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal technical and fundamental indicators, Marblegate Acquisition showed solid returns over the last few months and may actually be approaching a breakup point.

Growth For

Risk-Adjusted Performance

0 of 100

Very Weak

Over the last 90 days The Growth For has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable fundamental indicators, Growth For is not utilizing all of its potentials. The latest stock price fuss, may contribute to near-short-term losses for the sophisticated investors.

Pair Trading with Marblegate Acquisition and Growth For

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

The idea behind Marblegate Acquisition Corp and The Growth For 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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..