Correlation Between Integral and Mayfair Gold

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

By analyzing existing cross correlation between Integral Ad Science and Mayfair Gold Corp, you can compare the effects of market volatilities on Integral and Mayfair Gold 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 Integral with a short position of Mayfair Gold. Check out your portfolio center. Please also check ongoing floating volatility patterns of Integral and Mayfair Gold.

Diversification Opportunities for Integral and Mayfair Gold

0.61

Correlation Coefficient

Integral  Mayfair Gold

Poor diversification

The 3 months correlation between Integral and Mayfair is 0.61. Overlapping area represents the amount of risk that can be diversified away by holding Integral Ad Science and Mayfair Gold Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Mayfair Gold Corp and Integral 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 Integral Ad Science are associated (or correlated) with Mayfair Gold. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Mayfair Gold Corp has no effect on the direction of Integral i.e., Integral and Mayfair Gold go up and down completely randomly.

Pair Corralation between Integral and Mayfair Gold

Considering the 90-day investment horizon Integral is expected to generate 1.1 times less return on investment than Mayfair Gold. In addition to that, Integral is 1.17 times more volatile than Mayfair Gold Corp. It trades about 0.01 of its total potential returns per unit of risk. Mayfair Gold Corp is currently generating about 0.02 per unit of volatility. If you would invest  152.00  in Mayfair Gold Corp on July 21, 2025 and sell it today you would earn a total of  5.00  from holding Mayfair Gold Corp or generate 3.29% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Significant
Accuracy	99.6%
Values	Daily Returns

Integral Ad Science  vs.  Mayfair Gold Corp

Integral Ad Science

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Integral Ad Science are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively unsteady basic indicators, Integral unveiled solid returns over the last few months and may actually be approaching a breakup point.

Mayfair Gold Corp

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Mayfair Gold Corp are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile fundamental indicators, Mayfair Gold reported solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Integral and Mayfair Gold

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

The idea behind Integral Ad Science and Mayfair Gold 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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.