Correlation Between Bilibili and Mint Incorporation

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

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

Diversification Opportunities for Bilibili and Mint Incorporation

0.65

Correlation Coefficient

Bilibili  Mint Incorporation

Poor diversification

The 3 months correlation between Bilibili and Mint is 0.65. Overlapping area represents the amount of risk that can be diversified away by holding Bilibili and Mint Incorp. Limited in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Mint Incorporation and Bilibili 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 Bilibili are associated (or correlated) with Mint Incorporation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Mint Incorporation has no effect on the direction of Bilibili i.e., Bilibili and Mint Incorporation go up and down completely randomly.

Pair Corralation between Bilibili and Mint Incorporation

Given the investment horizon of 90 days Bilibili is expected to generate 3.72 times less return on investment than Mint Incorporation. But when comparing it to its historical volatility, Bilibili is 1.33 times less risky than Mint Incorporation. It trades about 0.11 of its potential returns per unit of risk. Mint Incorporation Limited is currently generating about 0.3 of returns per unit of risk over similar time horizon. If you would invest  402.00  in Mint Incorporation Limited on May 6, 2025 and sell it today you would earn a total of  428.00  from holding Mint Incorporation Limited or generate 106.47% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Significant
Accuracy	100.0%
Values	Daily Returns

Bilibili  vs.  Mint Incorp. Limited

Bilibili

Risk-Adjusted Performance

OK

Compared to the overall equity markets, risk-adjusted returns on investments in Bilibili are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. Despite fairly uncertain essential indicators, Bilibili demonstrated solid returns over the last few months and may actually be approaching a breakup point.

Mint Incorporation

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Mint Incorporation Limited are ranked lower than 23 (%) of all global equities and portfolios over the last 90 days. Despite fairly weak primary indicators, Mint Incorporation demonstrated solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Bilibili and Mint Incorporation

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

The idea behind Bilibili and Mint Incorporation Limited 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 Global Correlations module to find global opportunities by holding instruments from different markets.