Correlation Between Arrayit and Mayfair Gold

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

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

Diversification Opportunities for Arrayit and Mayfair Gold

0.0

Correlation Coefficient

Arrayit  Mayfair Gold

Pay attention - limited upside

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

Pair Corralation between Arrayit and Mayfair Gold

If you would invest  118.00  in Mayfair Gold Corp on May 26, 2025 and sell it today you would earn a total of  1.00  from holding Mayfair Gold Corp or generate 0.85% return on investment over 90 days.

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

Arrayit  vs.  Mayfair Gold Corp

Arrayit

Risk-Adjusted Performance

Weakest

Over the last 90 days Arrayit has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound basic indicators, Arrayit is not utilizing all of its potentials. The recent stock price tumult, may contribute to shorter-term losses for the shareholders.

Mayfair Gold Corp

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Mayfair Gold Corp are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. Despite nearly stable fundamental indicators, Mayfair Gold is not utilizing all of its potentials. The recent stock price disturbance, may contribute to mid-run losses for the stockholders.

Pair Trading with Arrayit and Mayfair Gold

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

The idea behind Arrayit and Mayfair Gold Corp 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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.