Correlation Between YieldMax N and Mattr Corp

Can any of the company-specific risk be diversified away by investing in both YieldMax N and Mattr Corp 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 Mattr Corp 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 Mattr Corp, you can compare the effects of market volatilities on YieldMax N and Mattr Corp 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 Mattr Corp. Check out your portfolio center. Please also check ongoing floating volatility patterns of YieldMax N and Mattr Corp.

Diversification Opportunities for YieldMax N and Mattr Corp

0.76

Correlation Coefficient

YieldMax N  Mattr Corp

Poor diversification

The 3 months correlation between YieldMax and Mattr is 0.76. Overlapping area represents the amount of risk that can be diversified away by holding YieldMax N Option and Mattr Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Mattr Corp 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 Mattr Corp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Mattr Corp has no effect on the direction of YieldMax N i.e., YieldMax N and Mattr Corp go up and down completely randomly.

Pair Corralation between YieldMax N and Mattr Corp

Given the investment horizon of 90 days YieldMax N is expected to generate 2.08 times less return on investment than Mattr Corp. In addition to that, YieldMax N is 1.13 times more volatile than Mattr Corp. It trades about 0.04 of its total potential returns per unit of risk. Mattr Corp is currently generating about 0.08 per unit of volatility. If you would invest  970.00  in Mattr Corp on May 28, 2025 and sell it today you would earn a total of  136.00  from holding Mattr Corp or generate 14.02% return on investment over 90 days.

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

YieldMax N Option  vs.  Mattr Corp

YieldMax N Option

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in YieldMax N Option are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of fairly uncertain basic indicators, YieldMax N may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Mattr Corp

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in Mattr Corp are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating basic indicators, Mattr Corp displayed solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with YieldMax N and Mattr Corp

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

The idea behind YieldMax N Option and Mattr 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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.