Correlation Between Fundamenta Real and Mobimo Hldg

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

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

Diversification Opportunities for Fundamenta Real and Mobimo Hldg

0.0

Correlation Coefficient

Fundamenta Real  Mobimo Hldg

Pay attention - limited upside

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

Pair Corralation between Fundamenta Real and Mobimo Hldg

If you would invest  31,300  in Mobimo Hldg on April 22, 2025 and sell it today you would earn a total of  550.00  from holding Mobimo Hldg or generate 1.76% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	1.61%
Values	Daily Returns

Fundamenta Real Estate  vs.  Mobimo Hldg

Fundamenta Real Estate

Risk-Adjusted Performance

Very Weak

Over the last 90 days Fundamenta Real Estate has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable basic indicators, Fundamenta Real is not utilizing all of its potentials. The current stock price fuss, may contribute to near-short-term losses for the sophisticated investors.

Mobimo Hldg

Risk-Adjusted Performance

Insignificant

Compared to the overall equity markets, risk-adjusted returns on investments in Mobimo Hldg are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of fairly stable basic indicators, Mobimo Hldg is not utilizing all of its potentials. The latest stock price fuss, may contribute to near-short-term losses for the sophisticated investors.

Pair Trading with Fundamenta Real and Mobimo Hldg

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

The idea behind Fundamenta Real Estate and Mobimo Hldg 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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.