Correlation Between Marcus and Perion Network

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

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

Diversification Opportunities for Marcus and Perion Network

-0.07

Correlation Coefficient

Marcus  Perion Network

Good diversification

The 3 months correlation between Marcus and Perion is -0.07. Overlapping area represents the amount of risk that can be diversified away by holding Marcus and Perion Network in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Perion Network and Marcus 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 Marcus are associated (or correlated) with Perion Network. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Perion Network has no effect on the direction of Marcus i.e., Marcus and Perion Network go up and down completely randomly.

Pair Corralation between Marcus and Perion Network

Considering the 90-day investment horizon Marcus is expected to generate 1.77 times less return on investment than Perion Network. In addition to that, Marcus is 1.07 times more volatile than Perion Network. It trades about 0.03 of its total potential returns per unit of risk. Perion Network is currently generating about 0.07 per unit of volatility. If you would invest  936.00  in Perion Network on August 18, 2025 and sell it today you would earn a total of  74.00  from holding Perion Network or generate 7.91% return on investment over 90 days.

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

Marcus  vs.  Perion Network

Marcus

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Marcus are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively stable fundamental indicators, Marcus is not utilizing all of its potentials. The latest stock price uproar, may contribute to short-horizon losses for the private investors.

Perion Network

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in Perion Network are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. Despite fairly uncertain basic indicators, Perion Network may actually be approaching a critical reversion point that can send shares even higher in December 2025.

Pair Trading with Marcus and Perion Network

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

The idea behind Marcus and Perion Network 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.

Check out your portfolio center.

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.