Correlation Between Founder Group and PROSHARES ULTRASHORT

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

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

Diversification Opportunities for Founder Group and PROSHARES ULTRASHORT

0.64

Correlation Coefficient

Founder Group  PROSHARES ULTRASHORT

Poor diversification

The 3 months correlation between Founder and PROSHARES is 0.64. Overlapping area represents the amount of risk that can be diversified away by holding Founder Group Limited and PROSHARES ULTRASHORT RUSSELL in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on PROSHARES ULTRASHORT and Founder 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 Founder Group Limited are associated (or correlated) with PROSHARES ULTRASHORT. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of PROSHARES ULTRASHORT has no effect on the direction of Founder Group i.e., Founder Group and PROSHARES ULTRASHORT go up and down completely randomly.

Pair Corralation between Founder Group and PROSHARES ULTRASHORT

Considering the 90-day investment horizon Founder Group Limited is expected to under-perform the PROSHARES ULTRASHORT. In addition to that, Founder Group is 3.09 times more volatile than PROSHARES ULTRASHORT RUSSELL. It trades about -0.12 of its total potential returns per unit of risk. PROSHARES ULTRASHORT RUSSELL is currently generating about -0.09 per unit of volatility. If you would invest  42.00  in PROSHARES ULTRASHORT RUSSELL on September 11, 2025 and sell it today you would lose (9.04) from holding PROSHARES ULTRASHORT RUSSELL or give up 21.52% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Significant
Accuracy	98.46%
Values	Daily Returns

Founder Group Limited  vs.  PROSHARES ULTRASHORT RUSSELL

Founder Group Limited

Risk-Adjusted Performance

Weakest

Over the last 90 days Founder Group Limited has generated negative risk-adjusted returns adding no value to investors with long positions. Despite conflicting performance in the last few months, the Stock's technical and fundamental indicators remain quite persistent which may send shares a bit higher in January 2026. The latest mess may also be a sign of long-standing up-swing for the company institutional investors.

PROSHARES ULTRASHORT

Risk-Adjusted Performance

Weakest

Over the last 90 days PROSHARES ULTRASHORT RUSSELL has generated negative risk-adjusted returns adding no value to investors with long positions. Despite conflicting performance in the last few months, the Etf's forward-looking signals remain quite persistent which may send shares a bit higher in January 2026. The latest mess may also be a sign of long-standing up-swing for the ETF venture institutional investors.

Pair Trading with Founder Group and PROSHARES ULTRASHORT

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

The idea behind Founder Group Limited and PROSHARES ULTRASHORT RUSSELL 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 Commodity Directory module to find actively traded commodities issued by global exchanges.