Correlation Between Mativ Holdings and Tusimple Holdings

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

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

Diversification Opportunities for Mativ Holdings and Tusimple Holdings

-0.43

Correlation Coefficient

Mativ Holdings  Tusimple Holdings

Very good diversification

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

Pair Corralation between Mativ Holdings and Tusimple Holdings

Given the investment horizon of 90 days Mativ Holdings is expected to generate 1.16 times more return on investment than Tusimple Holdings. However, Mativ Holdings is 1.16 times more volatile than Tusimple Holdings. It trades about 0.18 of its potential returns per unit of risk. Tusimple Holdings is currently generating about -0.02 per unit of risk. If you would invest  597.00  in Mativ Holdings on May 16, 2025 and sell it today you would earn a total of  444.00  from holding Mativ Holdings or generate 74.37% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Very Weak
Accuracy	98.39%
Values	Daily Returns

Mativ Holdings  vs.  Tusimple Holdings

Mativ Holdings

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Mativ Holdings are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. In spite of fairly unsteady basic indicators, Mativ Holdings showed solid returns over the last few months and may actually be approaching a breakup point.

Tusimple Holdings

Risk-Adjusted Performance

Weakest

Over the last 90 days Tusimple Holdings has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest weak performance, the Stock's basic indicators remain strong and the recent confusion on Wall Street may also be a sign of long-lasting gains for the firm traders.

Pair Trading with Mativ Holdings and Tusimple Holdings

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

The idea behind Mativ Holdings and Tusimple Holdings 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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.