Correlation Between AG Mortgage and FlyExclusive,

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

By analyzing existing cross correlation between AG Mortgage Investment and flyExclusive,, you can compare the effects of market volatilities on AG Mortgage and FlyExclusive, 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 AG Mortgage with a short position of FlyExclusive,. Check out your portfolio center. Please also check ongoing floating volatility patterns of AG Mortgage and FlyExclusive,.

Diversification Opportunities for AG Mortgage and FlyExclusive,

0.45

Correlation Coefficient

AG Mortgage  FlyExclusive,

Very weak diversification

The 3 months correlation between MITP and FlyExclusive, is 0.45. Overlapping area represents the amount of risk that can be diversified away by holding AG Mortgage Investment and flyExclusive, in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on flyExclusive, and AG Mortgage 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 AG Mortgage Investment are associated (or correlated) with FlyExclusive,. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of flyExclusive, has no effect on the direction of AG Mortgage i.e., AG Mortgage and FlyExclusive, go up and down completely randomly.

Pair Corralation between AG Mortgage and FlyExclusive,

Given the investment horizon of 90 days AG Mortgage Investment is expected to generate 0.05 times more return on investment than FlyExclusive,. However, AG Mortgage Investment is 21.38 times less risky than FlyExclusive,. It trades about 0.15 of its potential returns per unit of risk. flyExclusive, is currently generating about -0.01 per unit of risk. If you would invest  2,377  in AG Mortgage Investment on October 11, 2024 and sell it today you would earn a total of  168.00  from holding AG Mortgage Investment or generate 7.07% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Weak
Accuracy	37.76%
Values	Daily Returns

AG Mortgage Investment  vs.  flyExclusive,

AG Mortgage Investment

Risk-Adjusted Performance

7 of 100

OK

Compared to the overall equity markets, risk-adjusted returns on investments in AG Mortgage Investment are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. Even with relatively invariable basic indicators, AG Mortgage is not utilizing all of its potentials. The recent stock price agitation, may contribute to short-term losses for the retail investors.

flyExclusive,

Risk-Adjusted Performance

8 of 100

OK

Compared to the overall equity markets, risk-adjusted returns on investments in flyExclusive, are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal basic indicators, FlyExclusive, showed solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with AG Mortgage and FlyExclusive,

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

The idea behind AG Mortgage Investment and flyExclusive, 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.

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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.