Correlation Between YieldMax N and KeyCorp

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

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

Diversification Opportunities for YieldMax N and KeyCorp

0.0

Correlation Coefficient

YieldMax N  KeyCorp

Pay attention - limited upside

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

Pair Corralation between YieldMax N and KeyCorp

If you would invest (100.00) in KeyCorp on May 20, 2025 and sell it today you would earn a total of  100.00  from holding KeyCorp or generate -100.0% return on investment over 90 days.

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

YieldMax N Option  vs.  KeyCorp

YieldMax N Option

Risk-Adjusted Performance

Soft

Over the last 90 days YieldMax N Option has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly strong basic indicators, YieldMax N is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

KeyCorp

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in KeyCorp are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. Despite nearly weak basic indicators, KeyCorp may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Pair Trading with YieldMax N and KeyCorp

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

The idea behind YieldMax N Option and KeyCorp 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.

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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.