Correlation Between Compagnie Plastic and Taskus

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

By analyzing existing cross correlation between Compagnie Plastic Omnium and Taskus Inc, you can compare the effects of market volatilities on Compagnie Plastic and Taskus 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 Compagnie Plastic with a short position of Taskus. Check out your portfolio center. Please also check ongoing floating volatility patterns of Compagnie Plastic and Taskus.

Diversification Opportunities for Compagnie Plastic and Taskus

0.0

Correlation Coefficient

Compagnie Plastic  Taskus

Pay attention - limited upside

The 3 months correlation between Compagnie and Taskus is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Compagnie Plastic Omnium and Taskus Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Taskus Inc and Compagnie Plastic 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 Compagnie Plastic Omnium are associated (or correlated) with Taskus. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Taskus Inc has no effect on the direction of Compagnie Plastic i.e., Compagnie Plastic and Taskus go up and down completely randomly.

Pair Corralation between Compagnie Plastic and Taskus

If you would invest  950.00  in Compagnie Plastic Omnium on August 30, 2025 and sell it today you would earn a total of  0.00  from holding Compagnie Plastic Omnium or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	98.44%
Values	Daily Returns

Compagnie Plastic Omnium  vs.  Taskus Inc

Compagnie Plastic Omnium

Risk-Adjusted Performance

Weakest

Over the last 90 days Compagnie Plastic Omnium has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable basic indicators, Compagnie Plastic is not utilizing all of its potentials. The recent stock price disturbance, may contribute to mid-run losses for the stockholders.

Taskus Inc

Risk-Adjusted Performance

Weakest

Over the last 90 days Taskus Inc 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 basic indicators remain quite persistent which may send shares a bit higher in December 2025. The latest mess may also be a sign of long-standing up-swing for the company institutional investors.

Pair Trading with Compagnie Plastic and Taskus

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

The idea behind Compagnie Plastic Omnium and Taskus Inc 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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.