Correlation Between Mobiquity Technologies and Marchex

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

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

Diversification Opportunities for Mobiquity Technologies and Marchex

0.0

Correlation Coefficient

Mobiquity Technologies  Marchex

Pay attention - limited upside

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

Pair Corralation between Mobiquity Technologies and Marchex

If you would invest (100.00) in Mobiquity Technologies on December 30, 2024 and sell it today you would earn a total of  100.00  from holding Mobiquity Technologies or generate -100.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

Mobiquity Technologies  vs.  Marchex

Mobiquity Technologies

Risk-Adjusted Performance

Very Weak

Over the last 90 days Mobiquity Technologies has generated negative risk-adjusted returns adding no value to investors with long positions. Even with relatively invariable fundamental drivers, Mobiquity Technologies is not utilizing all of its potentials. The recent stock price agitation, may contribute to short-term losses for the retail investors.

Marchex

Risk-Adjusted Performance

Very Weak

Over the last 90 days Marchex has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly strong technical indicators, Marchex is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Mobiquity Technologies and Marchex

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

The idea behind Mobiquity Technologies and Marchex 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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.