Correlation Between MAS Financial and Easy Trip

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

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

Diversification Opportunities for MAS Financial and Easy Trip

-0.81

Correlation Coefficient

MAS Financial  Easy Trip

Pay attention - limited upside

The 3 months correlation between MAS and Easy is -0.81. Overlapping area represents the amount of risk that can be diversified away by holding MAS Financial Services and Easy Trip Planners in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Easy Trip Planners and MAS Financial 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 MAS Financial Services are associated (or correlated) with Easy Trip. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Easy Trip Planners has no effect on the direction of MAS Financial i.e., MAS Financial and Easy Trip go up and down completely randomly.

Pair Corralation between MAS Financial and Easy Trip

Assuming the 90 days trading horizon MAS Financial Services is expected to generate 1.09 times more return on investment than Easy Trip. However, MAS Financial is 1.09 times more volatile than Easy Trip Planners. It trades about 0.16 of its potential returns per unit of risk. Easy Trip Planners is currently generating about -0.11 per unit of risk. If you would invest  27,692  in MAS Financial Services on April 20, 2025 and sell it today you would earn a total of  6,223  from holding MAS Financial Services or generate 22.47% return on investment over 90 days.

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

MAS Financial Services  vs.  Easy Trip Planners

MAS Financial Services

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in MAS Financial Services are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. Despite somewhat conflicting technical and fundamental indicators, MAS Financial sustained solid returns over the last few months and may actually be approaching a breakup point.

Easy Trip Planners

Risk-Adjusted Performance

Very Weak

Over the last 90 days Easy Trip Planners has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's basic indicators remain comparatively stable which may send shares a bit higher in August 2025. The newest uproar may also be a sign of mid-term up-swing for the firm private investors.

Pair Trading with MAS Financial and Easy Trip

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

The idea behind MAS Financial Services and Easy Trip Planners 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.