Correlation Between Antilia Group and Pubmatic

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

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

Diversification Opportunities for Antilia Group and Pubmatic

0.0

Correlation Coefficient

Antilia Group  Pubmatic

Pay attention - limited upside

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

Pair Corralation between Antilia Group and Pubmatic

If you would invest  1,004  in Pubmatic on May 7, 2025 and sell it today you would earn a total of  163.00  from holding Pubmatic or generate 16.24% return on investment over 90 days.

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

Antilia Group Corp  vs.  Pubmatic

Antilia Group Corp

Risk-Adjusted Performance

Very Weak

Over the last 90 days Antilia Group Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable technical and fundamental indicators, Antilia Group is not utilizing all of its potentials. The recent stock price disturbance, may contribute to mid-run losses for the stockholders.

Pubmatic

Risk-Adjusted Performance

OK

Compared to the overall equity markets, risk-adjusted returns on investments in Pubmatic are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. In spite of very weak fundamental drivers, Pubmatic displayed solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Antilia Group and Pubmatic

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

The idea behind Antilia Group Corp and Pubmatic 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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.