Correlation Between Forum Mobile and Wintrust Financial

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

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

Diversification Opportunities for Forum Mobile and Wintrust Financial

0.0

Correlation Coefficient

Forum Mobile  Wintrust Financial

Pay attention - limited upside

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

Pair Corralation between Forum Mobile and Wintrust Financial

If you would invest  13,062  in Wintrust Financial on September 8, 2025 and sell it today you would earn a total of  690.00  from holding Wintrust Financial or generate 5.28% return on investment over 90 days.

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

Forum Mobile  vs.  Wintrust Financial

Forum Mobile

Risk-Adjusted Performance

Weakest

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

Wintrust Financial

Risk-Adjusted Performance

Weakest

Over the last 90 days Wintrust Financial has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound technical and fundamental indicators, Wintrust Financial is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders.

Pair Trading with Forum Mobile and Wintrust Financial

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

The idea behind Forum Mobile and Wintrust Financial 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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.