Correlation Between YieldMax AMZN and Catalyst/map Global

Can any of the company-specific risk be diversified away by investing in both YieldMax AMZN and Catalyst/map Global 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 YieldMax AMZN and Catalyst/map Global into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between YieldMax AMZN Option and Catalystmap Global Equity, you can compare the effects of market volatilities on YieldMax AMZN and Catalyst/map Global 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 YieldMax AMZN with a short position of Catalyst/map Global. Check out your portfolio center. Please also check ongoing floating volatility patterns of YieldMax AMZN and Catalyst/map Global.

Diversification Opportunities for YieldMax AMZN and Catalyst/map Global

0.9

Correlation Coefficient

YieldMax AMZN  Catalyst/map Global

Almost no diversification

The 3 months correlation between YieldMax and Catalyst/map is 0.9. Overlapping area represents the amount of risk that can be diversified away by holding YieldMax AMZN Option and Catalystmap Global Equity in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Catalystmap Global Equity and YieldMax AMZN 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 YieldMax AMZN Option are associated (or correlated) with Catalyst/map Global. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Catalystmap Global Equity has no effect on the direction of YieldMax AMZN i.e., YieldMax AMZN and Catalyst/map Global go up and down completely randomly.

Pair Corralation between YieldMax AMZN and Catalyst/map Global

Given the investment horizon of 90 days YieldMax AMZN is expected to generate 1.0 times less return on investment than Catalyst/map Global. In addition to that, YieldMax AMZN is 2.66 times more volatile than Catalystmap Global Equity. It trades about 0.08 of its total potential returns per unit of risk. Catalystmap Global Equity is currently generating about 0.2 per unit of volatility. If you would invest  1,821  in Catalystmap Global Equity on May 13, 2025 and sell it today you would earn a total of  119.00  from holding Catalystmap Global Equity or generate 6.53% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Very Strong
Accuracy	98.41%
Values	Daily Returns

YieldMax AMZN Option  vs.  Catalystmap Global Equity

YieldMax AMZN Option

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in YieldMax AMZN Option are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of fairly weak basic indicators, YieldMax AMZN may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Catalystmap Global Equity

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Catalystmap Global Equity are ranked lower than 16 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Catalyst/map Global may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Pair Trading with YieldMax AMZN and Catalyst/map Global

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

The idea behind YieldMax AMZN Option and Catalystmap Global Equity 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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.