Correlation Between Catalyst Bancorp and Mid Southern
Can any of the company-specific risk be diversified away by investing in both Catalyst Bancorp and Mid Southern 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 Catalyst Bancorp and Mid Southern into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Catalyst Bancorp and Mid Southern Bancorp, you can compare the effects of market volatilities on Catalyst Bancorp and Mid Southern 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 Catalyst Bancorp with a short position of Mid Southern. Check out your portfolio center. Please also check ongoing floating volatility patterns of Catalyst Bancorp and Mid Southern.
Diversification Opportunities for Catalyst Bancorp and Mid Southern
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Catalyst and Mid is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Catalyst Bancorp and Mid Southern Bancorp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Mid Southern Bancorp and Catalyst Bancorp 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 Catalyst Bancorp are associated (or correlated) with Mid Southern. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Mid Southern Bancorp has no effect on the direction of Catalyst Bancorp i.e., Catalyst Bancorp and Mid Southern go up and down completely randomly.
Pair Corralation between Catalyst Bancorp and Mid Southern
If you would invest 1,152 in Catalyst Bancorp on May 7, 2025 and sell it today you would earn a total of 88.00 from holding Catalyst Bancorp or generate 7.64% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Flat |
Strength | Insignificant |
Accuracy | 0.0% |
Values | Daily Returns |
Catalyst Bancorp vs. Mid Southern Bancorp
Performance |
Timeline |
Catalyst Bancorp |
Mid Southern Bancorp |
Risk-Adjusted Performance
Weakest
Weak | Strong |
Catalyst Bancorp and Mid Southern Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with Catalyst Bancorp and Mid Southern
The main advantage of trading using opposite Catalyst Bancorp and Mid Southern positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Catalyst Bancorp position performs unexpectedly, Mid Southern 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 Mid Southern will offset losses from the drop in Mid Southern's long position.Catalyst Bancorp vs. Community West Bancshares | Catalyst Bancorp vs. Liberty Northwest Bancorp | Catalyst Bancorp vs. Pioneer Bankcorp | Catalyst Bancorp vs. Summit Bancshares |
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Check out your portfolio center.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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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