Correlation Between Mint Incorporation and Optex Systems

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

By analyzing existing cross correlation between Mint Incorporation Limited and Optex Systems Holdings,, you can compare the effects of market volatilities on Mint Incorporation and Optex Systems 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 Mint Incorporation with a short position of Optex Systems. Check out your portfolio center. Please also check ongoing floating volatility patterns of Mint Incorporation and Optex Systems.

Diversification Opportunities for Mint Incorporation and Optex Systems

-0.45

Correlation Coefficient

Mint Incorporation  Optex Systems

Very good diversification

The 3 months correlation between Mint and Optex is -0.45. Overlapping area represents the amount of risk that can be diversified away by holding Mint Incorp. Limited and Optex Systems Holdings, in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Optex Systems Holdings, and Mint Incorporation 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 Mint Incorporation Limited are associated (or correlated) with Optex Systems. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Optex Systems Holdings, has no effect on the direction of Mint Incorporation i.e., Mint Incorporation and Optex Systems go up and down completely randomly.

Pair Corralation between Mint Incorporation and Optex Systems

Given the investment horizon of 90 days Mint Incorporation Limited is expected to under-perform the Optex Systems. In addition to that, Mint Incorporation is 2.64 times more volatile than Optex Systems Holdings,. It trades about -0.36 of its total potential returns per unit of risk. Optex Systems Holdings, is currently generating about 0.12 per unit of volatility. If you would invest  991.00  in Optex Systems Holdings, on August 23, 2025 and sell it today you would earn a total of  318.00  from holding Optex Systems Holdings, or generate 32.09% return on investment over 90 days.

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

Mint Incorp. Limited  vs.  Optex Systems Holdings,

Mint Incorporation

Risk-Adjusted Performance

Weakest

Over the last 90 days Mint Incorporation Limited has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Stock's primary indicators remain fairly strong which may send shares a bit higher in December 2025. The recent confusion may also be a sign of long-lasting up-swing for the firm traders.

Optex Systems Holdings,

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Optex Systems Holdings, are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak basic indicators, Optex Systems unveiled solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Mint Incorporation and Optex Systems

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

The idea behind Mint Incorporation Limited and Optex Systems Holdings, 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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.