Correlation Between MAS Financial and Network18 Media
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By analyzing existing cross correlation between MAS Financial Services and Network18 Media Investments, you can compare the effects of market volatilities on MAS Financial and Network18 Media 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 Network18 Media. Check out your portfolio center. Please also check ongoing floating volatility patterns of MAS Financial and Network18 Media.
Diversification Opportunities for MAS Financial and Network18 Media
0.9 | Correlation Coefficient |
Almost no diversification
The 3 months correlation between MAS and Network18 is 0.9. Overlapping area represents the amount of risk that can be diversified away by holding MAS Financial Services and Network18 Media Investments in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Network18 Media Inve 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 Network18 Media. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Network18 Media Inve has no effect on the direction of MAS Financial i.e., MAS Financial and Network18 Media go up and down completely randomly.
Pair Corralation between MAS Financial and Network18 Media
Assuming the 90 days trading horizon MAS Financial is expected to generate 1.59 times less return on investment than Network18 Media. But when comparing it to its historical volatility, MAS Financial Services is 1.63 times less risky than Network18 Media. It trades about 0.13 of its potential returns per unit of risk. Network18 Media Investments is currently generating about 0.13 of returns per unit of risk over similar time horizon. If you would invest 4,615 in Network18 Media Investments on April 24, 2025 and sell it today you would earn a total of 1,260 from holding Network18 Media Investments or generate 27.3% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Moves Together |
Strength | Very Strong |
Accuracy | 100.0% |
Values | Daily Returns |
MAS Financial Services vs. Network18 Media Investments
Performance |
Timeline |
MAS Financial Services |
Network18 Media Inve |
MAS Financial and Network18 Media Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with MAS Financial and Network18 Media
The main advantage of trading using opposite MAS Financial and Network18 Media positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if MAS Financial position performs unexpectedly, Network18 Media 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 Network18 Media will offset losses from the drop in Network18 Media's long position.MAS Financial vs. California Software | MAS Financial vs. CREDITACCESS GRAMEEN LIMITED | MAS Financial vs. Mtar Technologies Limited | MAS Financial vs. Sonata Software Limited |
Network18 Media vs. JSW Steel Limited | Network18 Media vs. Electrosteel Castings Limited | Network18 Media vs. Imagicaaworld Entertainment Limited | Network18 Media vs. Vraj Iron and |
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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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