Correlation Between Amir Marketing and Blender Financial

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

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

Diversification Opportunities for Amir Marketing and Blender Financial

0.13

Correlation Coefficient

Amir Marketing  Blender Financial

Average diversification

The 3 months correlation between Amir and Blender is 0.13. Overlapping area represents the amount of risk that can be diversified away by holding Amir Marketing and and Blender Financial Technologies in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Blender Financial and Amir Marketing 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 Amir Marketing and are associated (or correlated) with Blender Financial. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Blender Financial has no effect on the direction of Amir Marketing i.e., Amir Marketing and Blender Financial go up and down completely randomly.

Pair Corralation between Amir Marketing and Blender Financial

Assuming the 90 days trading horizon Amir Marketing and is expected to generate 0.65 times more return on investment than Blender Financial. However, Amir Marketing and is 1.53 times less risky than Blender Financial. It trades about -0.01 of its potential returns per unit of risk. Blender Financial Technologies is currently generating about -0.01 per unit of risk. If you would invest  337,000  in Amir Marketing and on April 24, 2025 and sell it today you would lose (5,200) from holding Amir Marketing and or give up 1.54% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

Amir Marketing and  vs.  Blender Financial Technologies

Amir Marketing

Risk-Adjusted Performance

Very Weak

Over the last 90 days Amir Marketing and has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Amir Marketing is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Blender Financial

Risk-Adjusted Performance

Very Weak

Over the last 90 days Blender Financial Technologies has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Blender Financial is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Amir Marketing and Blender Financial

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

The idea behind Amir Marketing and and Blender Financial Technologies 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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.