Correlation Between Mint Incorporation and PROS Holdings

Can any of the company-specific risk be diversified away by investing in both Mint Incorporation and PROS Holdings 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 PROS Holdings 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 PROS Holdings, you can compare the effects of market volatilities on Mint Incorporation and PROS Holdings 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 PROS Holdings. Check out your portfolio center. Please also check ongoing floating volatility patterns of Mint Incorporation and PROS Holdings.

Diversification Opportunities for Mint Incorporation and PROS Holdings

-0.52

Correlation Coefficient

Mint Incorporation  PROS Holdings

Excellent diversification

The 3 months correlation between Mint and PROS is -0.52. Overlapping area represents the amount of risk that can be diversified away by holding Mint Incorp. Limited and PROS Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on PROS 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 PROS Holdings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of PROS Holdings has no effect on the direction of Mint Incorporation i.e., Mint Incorporation and PROS Holdings go up and down completely randomly.

Pair Corralation between Mint Incorporation and PROS Holdings

Given the investment horizon of 90 days Mint Incorporation Limited is expected to generate 1.32 times more return on investment than PROS Holdings. However, Mint Incorporation is 1.32 times more volatile than PROS Holdings. It trades about 0.33 of its potential returns per unit of risk. PROS Holdings is currently generating about -0.04 per unit of risk. If you would invest  405.00  in Mint Incorporation Limited on May 7, 2025 and sell it today you would earn a total of  503.00  from holding Mint Incorporation Limited or generate 124.2% 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.  PROS Holdings

Mint Incorporation

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Mint Incorporation Limited are ranked lower than 25 (%) of all global equities and portfolios over the last 90 days. Despite fairly uncertain primary indicators, Mint Incorporation demonstrated solid returns over the last few months and may actually be approaching a breakup point.

PROS Holdings

Risk-Adjusted Performance

Weakest

Over the last 90 days PROS Holdings has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest uncertain performance, the Stock's basic indicators remain healthy and the recent disarray on Wall Street may also be a sign of long period gains for the firm investors.

Pair Trading with Mint Incorporation and PROS Holdings

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

The idea behind Mint Incorporation Limited and PROS 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.

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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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.