Correlation Between Asg Managed and Credit Suisse
Can any of the company-specific risk be diversified away by investing in both Asg Managed and Credit Suisse 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 Credit Suisse 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 Credit Suisse Multialternative, you can compare the effects of market volatilities on Asg Managed and Credit Suisse 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 Credit Suisse. Check out your portfolio center. Please also check ongoing floating volatility patterns of Asg Managed and Credit Suisse.
Diversification Opportunities for Asg Managed and Credit Suisse
0.67 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Asg and Credit is 0.67. Overlapping area represents the amount of risk that can be diversified away by holding Asg Managed Futures and Credit Suisse Multialternative in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Credit Suisse Multia 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 Credit Suisse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Credit Suisse Multia has no effect on the direction of Asg Managed i.e., Asg Managed and Credit Suisse go up and down completely randomly.
Pair Corralation between Asg Managed and Credit Suisse
Assuming the 90 days horizon Asg Managed Futures is expected to generate 1.32 times more return on investment than Credit Suisse. However, Asg Managed is 1.32 times more volatile than Credit Suisse Multialternative. It trades about 0.13 of its potential returns per unit of risk. Credit Suisse Multialternative is currently generating about 0.02 per unit of risk. If you would invest 865.00 in Asg Managed Futures on October 11, 2024 and sell it today you would earn a total of 12.00 from holding Asg Managed Futures or generate 1.39% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Asg Managed Futures vs. Credit Suisse Multialternative
Performance |
| Timeline |
| Asg Managed Futures |
| Credit Suisse Multia |
Asg Managed and Credit Suisse Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Asg Managed and Credit Suisse
The main advantage of trading using opposite Asg Managed and Credit Suisse positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Asg Managed position performs unexpectedly, Credit Suisse 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 Credit Suisse will offset losses from the drop in Credit Suisse's 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 |
| Credit Suisse vs. T Rowe Price | Credit Suisse vs. Quantitative Longshort Equity | Credit Suisse vs. Dws Equity Sector | Credit Suisse vs. Enhanced Fixed Income |
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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
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