Correlation Between Mobilicom Limited and SIMON

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

By analyzing existing cross correlation between Mobilicom Limited American and SIMON PPTY GROUP, you can compare the effects of market volatilities on Mobilicom Limited and SIMON 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 Mobilicom Limited with a short position of SIMON. Check out your portfolio center. Please also check ongoing floating volatility patterns of Mobilicom Limited and SIMON.

Diversification Opportunities for Mobilicom Limited and SIMON

0.27

Correlation Coefficient

Mobilicom Limited  SIMON

Modest diversification

The 3 months correlation between Mobilicom and SIMON is 0.27. Overlapping area represents the amount of risk that can be diversified away by holding Mobilicom Limited American and SIMON PPTY GROUP in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on SIMON PPTY GROUP and Mobilicom Limited 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 Mobilicom Limited American are associated (or correlated) with SIMON. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SIMON PPTY GROUP has no effect on the direction of Mobilicom Limited i.e., Mobilicom Limited and SIMON go up and down completely randomly.

Pair Corralation between Mobilicom Limited and SIMON

Considering the 90-day investment horizon Mobilicom Limited American is expected to generate 8.87 times more return on investment than SIMON. However, Mobilicom Limited is 8.87 times more volatile than SIMON PPTY GROUP. It trades about 0.26 of its potential returns per unit of risk. SIMON PPTY GROUP is currently generating about -0.15 per unit of risk. If you would invest  324.00  in Mobilicom Limited American on July 26, 2025 and sell it today you would earn a total of  512.00  from holding Mobilicom Limited American or generate 158.02% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Very Weak
Accuracy	98.44%
Values	Daily Returns

Mobilicom Limited American  vs.  SIMON PPTY GROUP

Mobilicom Limited

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Mobilicom Limited American are ranked lower than 20 (%) of all global equities and portfolios over the last 90 days. Despite somewhat unsteady basic indicators, Mobilicom Limited sustained solid returns over the last few months and may actually be approaching a breakup point.

SIMON PPTY GROUP

Risk-Adjusted Performance

Weakest

Over the last 90 days SIMON PPTY GROUP has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest weak performance, the Bond's basic indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for SIMON PPTY GROUP investors.

Pair Trading with Mobilicom Limited and SIMON

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

The idea behind Mobilicom Limited American and SIMON PPTY 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.

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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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.