Correlation Between Origin Protocol and MOF
Can any of the company-specific risk be diversified away by investing in both Origin Protocol and MOF 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 Origin Protocol and MOF into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Origin Protocol and MOF, you can compare the effects of market volatilities on Origin Protocol and MOF 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 Origin Protocol with a short position of MOF. Check out your portfolio center. Please also check ongoing floating volatility patterns of Origin Protocol and MOF.
Diversification Opportunities for Origin Protocol and MOF
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Origin and MOF is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Origin Protocol and MOF in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on MOF and Origin Protocol 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 Origin Protocol are associated (or correlated) with MOF. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of MOF has no effect on the direction of Origin Protocol i.e., Origin Protocol and MOF go up and down completely randomly.
Pair Corralation between Origin Protocol and MOF
If you would invest 39.00 in Origin Protocol on January 26, 2024 and sell it today you would lose (23.00) from holding Origin Protocol or give up 58.97% of portfolio value over 90 days.
Time Period | 3 Months [change] |
Direction | Flat |
Strength | Insignificant |
Accuracy | 32.36% |
Values | Daily Returns |
Origin Protocol vs. MOF
Performance |
Timeline |
Origin Protocol |
MOF |
Origin Protocol and MOF Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with Origin Protocol and MOF
The main advantage of trading using opposite Origin Protocol and MOF positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Origin Protocol position performs unexpectedly, MOF 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 MOF will offset losses from the drop in MOF's long position.Origin Protocol vs. Solana | Origin Protocol vs. XRP | Origin Protocol vs. Staked Ether | Origin Protocol vs. The Open Network |
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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
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