Correlation Between Manulife Financial and Colliers International

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

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

Diversification Opportunities for Manulife Financial and Colliers International

0.22

Correlation Coefficient

Manulife Financial  Colliers International

Modest diversification

The 3 months correlation between Manulife and Colliers is 0.22. Overlapping area represents the amount of risk that can be diversified away by holding Manulife Financial Corp and Colliers International Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Colliers International and Manulife Financial 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 Manulife Financial Corp are associated (or correlated) with Colliers International. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Colliers International has no effect on the direction of Manulife Financial i.e., Manulife Financial and Colliers International go up and down completely randomly.

Pair Corralation between Manulife Financial and Colliers International

If you would invest  2,248  in Manulife Financial Corp on July 12, 2025 and sell it today you would earn a total of  2,230  from holding Manulife Financial Corp or generate 99.2% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Very Weak
Accuracy	0.2%
Values	Daily Returns

Manulife Financial Corp  vs.  Colliers International Group

Manulife Financial Corp

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Manulife Financial Corp are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating fundamental indicators, Manulife Financial may actually be approaching a critical reversion point that can send shares even higher in November 2025.

Colliers International

Risk-Adjusted Performance

Good

Over the last 90 days Colliers International Group has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very weak basic indicators, Colliers International displayed solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Manulife Financial and Colliers International

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

The idea behind Manulife Financial Corp and Colliers International 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.

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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.