Correlation Between Marui Group and Capital Financial

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Can any of the company-specific risk be diversified away by investing in both Marui Group and Capital Financial 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 Marui Group and Capital Financial into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Marui Group Co and Capital Financial Gl, you can compare the effects of market volatilities on Marui Group and Capital Financial 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 Marui Group with a short position of Capital Financial. Check out your portfolio center. Please also check ongoing floating volatility patterns of Marui Group and Capital Financial.

Diversification Opportunities for Marui Group and Capital Financial

MaruiCapitalDiversified AwayMaruiCapitalDiversified Away100%
0.0
  Correlation Coefficient

Pay attention - limited upside

The 3 months correlation between Marui and Capital is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Marui Group Co and Capital Financial Gl in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Capital Financial and Marui Group 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 Marui Group Co are associated (or correlated) with Capital Financial. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Capital Financial has no effect on the direction of Marui Group i.e., Marui Group and Capital Financial go up and down completely randomly.

Pair Corralation between Marui Group and Capital Financial

If you would invest  3,115  in Marui Group Co on October 24, 2024 and sell it today you would earn a total of  388.00  from holding Marui Group Co or generate 12.46% return on investment over 90 days.
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Marui Group Co  vs.  Capital Financial Gl

 Performance 
JavaScript chart by amCharts 3.21.15NovDec2025 -15-10-50
JavaScript chart by amCharts 3.21.15MAURY CFGX
       Timeline  
Marui Group 

Risk-Adjusted Performance

4 of 100

 
Weak
 
Strong
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Marui Group Co are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of fairly weak basic indicators, Marui Group showed solid returns over the last few months and may actually be approaching a breakup point.
JavaScript chart by amCharts 3.21.15NovDecJanDecJan2930313233343536
Capital Financial 

Risk-Adjusted Performance

0 of 100

 
Weak
 
Strong
Very Weak
Over the last 90 days Capital Financial Gl has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly strong technical and fundamental indicators, Capital Financial is not utilizing all of its potentials. The newest stock price disturbance, may contribute to short-term losses for the investors.
JavaScript chart by amCharts 3.21.15NovDecJanDecJan0.00010.0001050.000110.000115

Marui Group and Capital Financial Volatility Contrast

   Predicted Return Density   
JavaScript chart by amCharts 3.21.15-19.99-14.97-9.95-4.940.04.9310.0415.1420.2425.35 0.0020.0040.0060.0080.010
JavaScript chart by amCharts 3.21.15MAURY CFGX
       Returns  

Pair Trading with Marui Group and Capital Financial

The main advantage of trading using opposite Marui Group and Capital Financial positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Marui Group position performs unexpectedly, Capital Financial 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 Capital Financial will offset losses from the drop in Capital Financial's long position.
The idea behind Marui Group Co and Capital Financial Gl 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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

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