Correlation Between Mangazeya Mining and Regency Centers

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

Diversification Opportunities for Mangazeya Mining and Regency Centers

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  Correlation Coefficient

Pay attention - limited upside

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

Pair Corralation between Mangazeya Mining and Regency Centers

If you would invest  0.00  in Mangazeya Mining on October 25, 2024 and sell it today you would earn a total of  0.00  from holding Mangazeya Mining or generate 0.0% return on investment over 90 days.
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy96.67%
ValuesDaily Returns

Mangazeya Mining  vs.  Regency Centers

 Performance 
       Timeline  
Mangazeya Mining 

Risk-Adjusted Performance

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Over the last 90 days Mangazeya Mining has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable technical and fundamental indicators, Mangazeya Mining is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders.
Regency Centers 

Risk-Adjusted Performance

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

Mangazeya Mining and Regency Centers Volatility Contrast

   Predicted Return Density   
       Returns  

Pair Trading with Mangazeya Mining and Regency Centers

The main advantage of trading using opposite Mangazeya Mining and Regency Centers positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Mangazeya Mining position performs unexpectedly, Regency Centers 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 Regency Centers will offset losses from the drop in Regency Centers' long position.
The idea behind Mangazeya Mining and Regency Centers 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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

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