Correlation Between Mercialys and Workspace Group

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

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

Diversification Opportunities for Mercialys and Workspace Group

0.0

Correlation Coefficient

Mercialys  Workspace Group

Pay attention - limited upside

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

Pair Corralation between Mercialys and Workspace Group

If you would invest  580.00  in Workspace Group plc on August 14, 2025 and sell it today you would earn a total of  0.00  from holding Workspace Group plc or generate 0.0% return on investment over 90 days.

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

Mercialys  vs.  Workspace Group plc

Mercialys

Risk-Adjusted Performance

Weakest

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

Workspace Group plc

Risk-Adjusted Performance

Weakest

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

Pair Trading with Mercialys and Workspace Group

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

The idea behind Mercialys and Workspace Group 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 Transaction History module to view history of all your transactions and understand their impact on performance.