Correlation Between Pointerra and Mango Capital

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

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

Diversification Opportunities for Pointerra and Mango Capital

0.0

Correlation Coefficient

Pointerra  Mango Capital

Pay attention - limited upside

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

Pair Corralation between Pointerra and Mango Capital

If you would invest  1,116  in Mango Capital on August 15, 2025 and sell it today you would earn a total of  384.00  from holding Mango Capital or generate 34.41% return on investment over 90 days.

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

Pointerra Limited  vs.  Mango Capital

Pointerra Limited

Risk-Adjusted Performance

Weakest

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

Mango Capital

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Mango Capital are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. Even with relatively fragile basic indicators, Mango Capital reported solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Pointerra and Mango Capital

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

The idea behind Pointerra Limited and Mango Capital 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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.