Correlation Between PLDT and Array Digital

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

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

Diversification Opportunities for PLDT and Array Digital

0.0

Correlation Coefficient

PLDT  Array Digital

Pay attention - limited upside

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

Pair Corralation between PLDT and Array Digital

If you would invest  4,872  in Array Digital Infrastructure, on September 18, 2025 and sell it today you would earn a total of  180.00  from holding Array Digital Infrastructure, or generate 3.69% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

PLDT Inc  vs.  Array Digital Infrastructure,

PLDT Inc

Risk-Adjusted Performance

Weakest

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

Array Digital Infras

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in Array Digital Infrastructure, are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of rather sound fundamental indicators, Array Digital is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders.

Pair Trading with PLDT and Array Digital

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

The idea behind PLDT Inc and Array Digital Infrastructure, 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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.