Correlation Between Marex Group and Triller

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

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

Diversification Opportunities for Marex Group and Triller

-0.59

Correlation Coefficient

Marex Group  Triller

Excellent diversification

The 3 months correlation between Marex and Triller is -0.59. Overlapping area represents the amount of risk that can be diversified away by holding Marex Group plc and Triller Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Triller Group and Marex 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 Marex Group plc are associated (or correlated) with Triller. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Triller Group has no effect on the direction of Marex Group i.e., Marex Group and Triller go up and down completely randomly.

Pair Corralation between Marex Group and Triller

Considering the 90-day investment horizon Marex Group plc is expected to generate 0.33 times more return on investment than Triller. However, Marex Group plc is 3.02 times less risky than Triller. It trades about 0.18 of its potential returns per unit of risk. Triller Group is currently generating about -0.22 per unit of risk. If you would invest  2,977  in Marex Group plc on October 4, 2024 and sell it today you would earn a total of  255.50  from holding Marex Group plc or generate 8.58% return on investment over 90 days.

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

Marex Group plc  vs.  Triller Group

Marex Group plc

Risk-Adjusted Performance

20 of 100

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Marex Group plc are ranked lower than 20 (%) of all global equities and portfolios over the last 90 days. In spite of fairly fragile basic indicators, Marex Group showed solid returns over the last few months and may actually be approaching a breakup point.

Triller Group

Risk-Adjusted Performance

0 of 100

Very Weak

Over the last 90 days Triller Group has generated negative risk-adjusted returns adding no value to investors with long positions. Even with uncertain performance in the last few months, the Stock's essential indicators remain relatively invariable which may send shares a bit higher in February 2025. The latest agitation may also be a sign of long-running up-swing for the enterprise retail investors.

Pair Trading with Marex Group and Triller

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

The idea behind Marex Group plc and Triller Group 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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.