Correlation Between Dupont De and Multi-asset Growth

Can any of the company-specific risk be diversified away by investing in both Dupont De and Multi-asset Growth 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 Dupont De and Multi-asset Growth into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Dupont De Nemours and Multi Asset Growth Strategy, you can compare the effects of market volatilities on Dupont De and Multi-asset Growth 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 Dupont De with a short position of Multi-asset Growth. Check out your portfolio center. Please also check ongoing floating volatility patterns of Dupont De and Multi-asset Growth.

Diversification Opportunities for Dupont De and Multi-asset Growth

0.43

Correlation Coefficient

Dupont De  Multi-asset Growth

Very weak diversification

The 3 months correlation between Dupont and Multi-asset is 0.43. Overlapping area represents the amount of risk that can be diversified away by holding Dupont De Nemours and Multi Asset Growth Strategy in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Multi Asset Growth and Dupont De 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 Dupont De Nemours are associated (or correlated) with Multi-asset Growth. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Multi Asset Growth has no effect on the direction of Dupont De i.e., Dupont De and Multi-asset Growth go up and down completely randomly.

Pair Corralation between Dupont De and Multi-asset Growth

Allowing for the 90-day total investment horizon Dupont De Nemours is expected to generate 4.7 times more return on investment than Multi-asset Growth. However, Dupont De is 4.7 times more volatile than Multi Asset Growth Strategy. It trades about 0.1 of its potential returns per unit of risk. Multi Asset Growth Strategy is currently generating about 0.2 per unit of risk. If you would invest  6,823  in Dupont De Nemours on June 29, 2025 and sell it today you would earn a total of  632.00  from holding Dupont De Nemours or generate 9.26% return on investment over 90 days.

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

Dupont De Nemours  vs.  Multi Asset Growth Strategy

Dupont De Nemours

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Dupont De Nemours are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. In spite of rather unfluctuating fundamental indicators, Dupont De may actually be approaching a critical reversion point that can send shares even higher in October 2025.

Multi Asset Growth

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Multi Asset Growth Strategy are ranked lower than 15 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Multi-asset Growth is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Dupont De and Multi-asset Growth

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

The idea behind Dupont De Nemours and Multi Asset Growth Strategy 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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.