Correlation Between TGS Esports and Information Services

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

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

Diversification Opportunities for TGS Esports and Information Services

0.0

Correlation Coefficient

TGS Esports  Information Services

Pay attention - limited upside

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

Pair Corralation between TGS Esports and Information Services

If you would invest  2,908  in Information Services on May 17, 2025 and sell it today you would earn a total of  312.00  from holding Information Services or generate 10.73% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	98.39%
Values	Daily Returns

TGS Esports  vs.  Information Services

TGS Esports

Risk-Adjusted Performance

Weakest

Over the last 90 days TGS Esports has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable basic indicators, TGS Esports is not utilizing all of its potentials. The current stock price fuss, may contribute to near-short-term losses for the sophisticated investors.

Information Services

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Information Services are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. In spite of very abnormal fundamental indicators, Information Services may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Pair Trading with TGS Esports and Information Services

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

The idea behind TGS Esports and Information Services 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 Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.