Correlation Between Maxwell Resource and Touchpoint Group

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

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

Diversification Opportunities for Maxwell Resource and Touchpoint Group

-0.23

Correlation Coefficient

Maxwell Resource  Touchpoint Group

Very good diversification

The 3 months correlation between Maxwell and Touchpoint is -0.23. Overlapping area represents the amount of risk that can be diversified away by holding Maxwell Resource and Touchpoint Group Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Touchpoint Group Holdings and Maxwell Resource 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 Maxwell Resource are associated (or correlated) with Touchpoint Group. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Touchpoint Group Holdings has no effect on the direction of Maxwell Resource i.e., Maxwell Resource and Touchpoint Group go up and down completely randomly.

Pair Corralation between Maxwell Resource and Touchpoint Group

Given the investment horizon of 90 days Maxwell Resource is expected to under-perform the Touchpoint Group. But the pink sheet apears to be less risky and, when comparing its historical volatility, Maxwell Resource is 8.55 times less risky than Touchpoint Group. The pink sheet trades about -0.03 of its potential returns per unit of risk. The Touchpoint Group Holdings is currently generating about 0.13 of returns per unit of risk over similar time horizon. If you would invest  0.00  in Touchpoint Group Holdings on July 9, 2025 and sell it today you would earn a total of  0.01  from holding Touchpoint Group Holdings or generate 9.223372036854776E16% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	93.75%
Values	Daily Returns

Maxwell Resource  vs.  Touchpoint Group Holdings

Maxwell Resource

Risk-Adjusted Performance

Weakest

Over the last 90 days Maxwell Resource has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's fundamental indicators remain comparatively stable which may send shares a bit higher in November 2025. The newest uproar may also be a sign of mid-term up-swing for the firm private investors.

Touchpoint Group Holdings

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Touchpoint Group Holdings are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. Despite fairly weak technical indicators, Touchpoint Group demonstrated solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Maxwell Resource and Touchpoint Group

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

The idea behind Maxwell Resource and Touchpoint Group Holdings 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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.