Correlation Between Asg Managed and Huber Capital
Can any of the company-specific risk be diversified away by investing in both Asg Managed and Huber Capital 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 Huber Capital 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 Huber Capital Diversified, you can compare the effects of market volatilities on Asg Managed and Huber Capital 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 Huber Capital. Check out your portfolio center. Please also check ongoing floating volatility patterns of Asg Managed and Huber Capital.
Diversification Opportunities for Asg Managed and Huber Capital
0.48 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Asg and Huber is 0.48. Overlapping area represents the amount of risk that can be diversified away by holding Asg Managed Futures and Huber Capital Diversified in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Huber Capital Diversified 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 Huber Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Huber Capital Diversified has no effect on the direction of Asg Managed i.e., Asg Managed and Huber Capital go up and down completely randomly.
Pair Corralation between Asg Managed and Huber Capital
Assuming the 90 days horizon Asg Managed Futures is expected to generate 0.65 times more return on investment than Huber Capital. However, Asg Managed Futures is 1.55 times less risky than Huber Capital. It trades about 0.06 of its potential returns per unit of risk. Huber Capital Diversified is currently generating about -0.01 per unit of risk. If you would invest 859.00 in Asg Managed Futures on October 14, 2024 and sell it today you would earn a total of 18.00 from holding Asg Managed Futures or generate 2.1% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Asg Managed Futures vs. Huber Capital Diversified
Performance |
| Timeline |
| Asg Managed Futures |
| Huber Capital Diversified |
Asg Managed and Huber Capital Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Asg Managed and Huber Capital
The main advantage of trading using opposite Asg Managed and Huber Capital positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Asg Managed position performs unexpectedly, Huber Capital 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 Huber Capital will offset losses from the drop in Huber Capital'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 |
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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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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