Correlation Between Meta Platforms and Infinite

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

Specify exactly 2 symbols:

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

Diversification Opportunities for Meta Platforms and Infinite

  Correlation Coefficient
Meta Platforms
Infinite Group

Good diversification

The 3 months correlation between Meta Platforms and Infinite is -0.01. Overlapping area represents the amount of risk that can be diversified away by holding Meta Platforms and Infinite Group in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Infinite Group and Meta Platforms 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 Meta Platforms are associated (or correlated) with Infinite. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Infinite Group has no effect on the direction of Meta Platforms i.e., Meta Platforms and Infinite go up and down completely randomly.

Pair Corralation between Meta Platforms and Infinite

Allowing for the 90-day total investment horizon Meta Platforms is expected to under-perform the Infinite. But the stock apears to be less risky and, when comparing its historical volatility, Meta Platforms is 4.48 times less risky than Infinite. The stock trades about -0.05 of its potential returns per unit of risk. The Infinite Group is currently generating about 0.31 of returns per unit of risk over similar time horizon. If you would invest  8.00  in Infinite Group on October 21, 2021 and sell it today you would earn a total of  5.00  from holding Infinite Group or generate 62.5% return on investment over 90 days.
Time Period3 Months [change]
DirectionMoves Against 
ValuesDaily Returns

Meta Platforms  vs.  Infinite Group

 Performance (%) 
Meta Platforms 
Meta Platforms Performance
0 of 100
Over the last 90 days Meta Platforms has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong fundamental drivers, Meta Platforms is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors.

Meta Platforms Price Channel

Infinite Group 
Infinite Performance
0 of 100
Over the last 90 days Infinite Group has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, Infinite is not utilizing all of its potentials. The latest stock price disturbance, may contribute to mid-run losses for the stockholders.

Infinite Price Channel

Meta Platforms and Infinite Volatility Contrast

 Predicted Return Density 

Pair Trading with Meta Platforms and Infinite

The main advantage of trading using opposite Meta Platforms and Infinite positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Meta Platforms position performs unexpectedly, Infinite 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 Infinite will offset losses from the drop in Infinite's long position.
The idea behind Meta Platforms and Infinite Group 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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Other Complementary Tools

Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Analyst Recommendations
Analyst recommendations and target price estimates broken down by several categories
Price Transformation
Use Price Transformation models to analyze depth of different equity instruments across global markets
CEO Directory
Screen CEOs from public companies around the world
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Money Managers
Screen money managers from public funds and ETFs managed around the world
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.