Correlation Between Midas Fund and Cleartrack 2035

Can any of the company-specific risk be diversified away by investing in both Midas Fund and Cleartrack 2035 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 Midas Fund and Cleartrack 2035 into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Midas Fund Midas and Cleartrack 2035 Class, you can compare the effects of market volatilities on Midas Fund and Cleartrack 2035 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 Midas Fund with a short position of Cleartrack 2035. Check out your portfolio center. Please also check ongoing floating volatility patterns of Midas Fund and Cleartrack 2035.

Diversification Opportunities for Midas Fund and Cleartrack 2035

-0.49

Correlation Coefficient

Midas Fund  Cleartrack 2035

Very good diversification

The 3 months correlation between Midas and Cleartrack is -0.49. Overlapping area represents the amount of risk that can be diversified away by holding Midas Fund Midas and Cleartrack 2035 Class in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Cleartrack 2035 Class and Midas Fund 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 Midas Fund Midas are associated (or correlated) with Cleartrack 2035. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cleartrack 2035 Class has no effect on the direction of Midas Fund i.e., Midas Fund and Cleartrack 2035 go up and down completely randomly.

Pair Corralation between Midas Fund and Cleartrack 2035

If you would invest  212.00  in Midas Fund Midas on June 21, 2025 and sell it today you would earn a total of  55.00  from holding Midas Fund Midas or generate 25.94% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Very Weak
Accuracy	0.0%
Values	Daily Returns

Midas Fund Midas  vs.  Cleartrack 2035 Class

Midas Fund Midas

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Midas Fund Midas are ranked lower than 17 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Midas Fund showed solid returns over the last few months and may actually be approaching a breakup point.

Cleartrack 2035 Class

Risk-Adjusted Performance

Weakest

Over the last 90 days Cleartrack 2035 Class has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Cleartrack 2035 is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Midas Fund and Cleartrack 2035

The main advantage of trading using opposite Midas Fund and Cleartrack 2035 positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Midas Fund position performs unexpectedly, Cleartrack 2035 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 Cleartrack 2035 will offset losses from the drop in Cleartrack 2035's long position.

The idea behind Midas Fund Midas and Cleartrack 2035 Class 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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.