Correlation Between Safeplus International and Tingo

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

By analyzing existing cross correlation between Safeplus International Holdings and Tingo Group, you can compare the effects of market volatilities on Safeplus International and Tingo 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 Safeplus International with a short position of Tingo. Check out your portfolio center. Please also check ongoing floating volatility patterns of Safeplus International and Tingo.

Diversification Opportunities for Safeplus International and Tingo

0.0

Correlation Coefficient

Safeplus International  Tingo

Pay attention - limited upside

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

Pair Corralation between Safeplus International and Tingo

If you would invest  0.30  in Tingo Group on September 22, 2025 and sell it today you would earn a total of  0.30  from holding Tingo Group or generate 100.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	98.48%
Values	Daily Returns

Safeplus International Holding  vs.  Tingo Group

Safeplus International

Risk-Adjusted Performance

Weakest

Over the last 90 days Safeplus International Holdings has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fairly strong basic indicators, Safeplus International is not utilizing all of its potentials. The current stock price confusion, may contribute to short-horizon losses for the traders.

Tingo Group

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Tingo Group are ranked lower than 22 (%) of all global equities and portfolios over the last 90 days. Despite nearly unsteady basic indicators, Tingo reported solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Safeplus International and Tingo

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

The idea behind Safeplus International Holdings and Tingo Group 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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.