Correlation Between Founder Holdings and Tracsis Plc

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

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

Diversification Opportunities for Founder Holdings and Tracsis Plc

0.0

Correlation Coefficient

Founder Holdings  Tracsis Plc

Pay attention - limited upside

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

Pair Corralation between Founder Holdings and Tracsis Plc

If you would invest  8.00  in Founder Holdings Limited on October 6, 2025 and sell it today you would earn a total of  1.00  from holding Founder Holdings Limited or generate 12.5% return on investment over 90 days.

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

Founder Holdings Limited  vs.  Tracsis plc

Founder Holdings

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in Founder Holdings Limited are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile fundamental indicators, Founder Holdings reported solid returns over the last few months and may actually be approaching a breakup point.

Tracsis plc

Risk-Adjusted Performance

Weakest

Over the last 90 days Tracsis plc has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable forward indicators, Tracsis Plc is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders.

Pair Trading with Founder Holdings and Tracsis Plc

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

The idea behind Founder Holdings Limited and Tracsis plc 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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.