Correlation Between Asg Managed and Boston Partners
Can any of the company-specific risk be diversified away by investing in both Asg Managed and Boston Partners 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 Asg Managed and Boston Partners into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Asg Managed Futures and Boston Partners Longshort, you can compare the effects of market volatilities on Asg Managed and Boston Partners 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 Asg Managed with a short position of Boston Partners. Check out your portfolio center. Please also check ongoing floating volatility patterns of Asg Managed and Boston Partners.
Diversification Opportunities for Asg Managed and Boston Partners
-0.51 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Asg and Boston is -0.51. Overlapping area represents the amount of risk that can be diversified away by holding Asg Managed Futures and Boston Partners Longshort in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Boston Partners Longshort and Asg Managed 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 Asg Managed Futures are associated (or correlated) with Boston Partners. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Boston Partners Longshort has no effect on the direction of Asg Managed i.e., Asg Managed and Boston Partners go up and down completely randomly.
Pair Corralation between Asg Managed and Boston Partners
Assuming the 90 days horizon Asg Managed is expected to generate 1.53 times less return on investment than Boston Partners. In addition to that, Asg Managed is 1.12 times more volatile than Boston Partners Longshort. It trades about 0.18 of its total potential returns per unit of risk. Boston Partners Longshort is currently generating about 0.31 per unit of volatility. If you would invest 1,452 in Boston Partners Longshort on September 1, 2024 and sell it today you would earn a total of 50.00 from holding Boston Partners Longshort or generate 3.44% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 95.45% |
| Values | Daily Returns |
Asg Managed Futures vs. Boston Partners Longshort
Performance |
| Timeline |
| Asg Managed Futures |
| Boston Partners Longshort |
Asg Managed and Boston Partners Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Asg Managed and Boston Partners
The main advantage of trading using opposite Asg Managed and Boston Partners positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Asg Managed position performs unexpectedly, Boston Partners 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 Boston Partners will offset losses from the drop in Boston Partners' long position.| Asg Managed vs. Aqr Managed Futures | Asg Managed vs. Pimco Trends Managed | Asg Managed vs. Eaton Vance Global | Asg Managed vs. Aqr Managed Futures |
| Boston Partners vs. Marketfield Fund Marketfield | Boston Partners vs. Boston Partners Longshort | Boston Partners vs. Boston Partners Longshort | Boston Partners vs. Boston Partners Global |
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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Other Complementary Tools
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments |