Correlation Between Grow Capital and Tingo

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

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

Diversification Opportunities for Grow Capital and Tingo

-0.3

Correlation Coefficient

Grow Capital  Tingo

Very good diversification

The 3 months correlation between Grow and Tingo is -0.3. Overlapping area represents the amount of risk that can be diversified away by holding Grow Capital and Tingo Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Tingo Group and Grow Capital 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 Grow Capital are associated (or correlated) with Tingo. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Tingo Group has no effect on the direction of Grow Capital i.e., Grow Capital and Tingo go up and down completely randomly.

Pair Corralation between Grow Capital and Tingo

Given the investment horizon of 90 days Grow Capital is expected to generate 12.91 times less return on investment than Tingo. But when comparing it to its historical volatility, Grow Capital is 6.34 times less risky than Tingo. It trades about 0.14 of its potential returns per unit of risk. Tingo Group is currently generating about 0.28 of returns per unit of risk over similar time horizon. If you would invest  0.50  in Tingo Group on September 14, 2025 and sell it today you would lose (0.20) from holding Tingo Group or give up 40.0% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	98.46%
Values	Daily Returns

Grow Capital  vs.  Tingo Group

Grow Capital

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Grow Capital are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. In spite of rather conflicting basic indicators, Grow Capital exhibited solid returns over the last few months and may actually be approaching a breakup point.

Tingo Group

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Tingo Group are ranked lower than 22 (%) of all global equities and portfolios over the last 90 days. Despite nearly unfluctuating basic indicators, Tingo reported solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Grow Capital and Tingo

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

The idea behind Grow Capital and Tingo Group 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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.