Correlation Between Mayfair Gold and Transcontinental

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

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

Diversification Opportunities for Mayfair Gold and Transcontinental

0.44

Correlation Coefficient

Mayfair Gold  Transcontinental

Very weak diversification

The 3 months correlation between Mayfair and Transcontinental is 0.44. Overlapping area represents the amount of risk that can be diversified away by holding Mayfair Gold Corp and Transcontinental Realty Invest in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Transcontinental Realty and Mayfair Gold 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 Mayfair Gold Corp are associated (or correlated) with Transcontinental. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Transcontinental Realty has no effect on the direction of Mayfair Gold i.e., Mayfair Gold and Transcontinental go up and down completely randomly.

Pair Corralation between Mayfair Gold and Transcontinental

Assuming the 90 days horizon Mayfair Gold Corp is expected to generate 1.61 times more return on investment than Transcontinental. However, Mayfair Gold is 1.61 times more volatile than Transcontinental Realty Investors. It trades about 0.11 of its potential returns per unit of risk. Transcontinental Realty Investors is currently generating about 0.09 per unit of risk. If you would invest  120.00  in Mayfair Gold Corp on June 29, 2025 and sell it today you would earn a total of  26.00  from holding Mayfair Gold Corp or generate 21.67% return on investment over 90 days.

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

Mayfair Gold Corp  vs.  Transcontinental Realty Invest

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 8 (%) of all global equities and portfolios over the last 90 days. Despite nearly unfluctuating fundamental indicators, Mayfair Gold reported solid returns over the last few months and may actually be approaching a breakup point.

Transcontinental Realty

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Transcontinental Realty Investors are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. Despite fairly inconsistent fundamental indicators, Transcontinental may actually be approaching a critical reversion point that can send shares even higher in October 2025.

Pair Trading with Mayfair Gold and Transcontinental

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

The idea behind Mayfair Gold Corp and Transcontinental Realty Investors 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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.