Correlation Between Asg Managed and Saat Market
Can any of the company-specific risk be diversified away by investing in both Asg Managed and Saat Market 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 Saat Market 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 Saat Market Growth, you can compare the effects of market volatilities on Asg Managed and Saat Market 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 Saat Market. Check out your portfolio center. Please also check ongoing floating volatility patterns of Asg Managed and Saat Market.
Diversification Opportunities for Asg Managed and Saat Market
-0.07 | Correlation Coefficient |
Good diversification
The 3 months correlation between Asg and Saat is -0.07. Overlapping area represents the amount of risk that can be diversified away by holding Asg Managed Futures and Saat Market Growth in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Saat Market Growth 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 Saat Market. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Saat Market Growth has no effect on the direction of Asg Managed i.e., Asg Managed and Saat Market go up and down completely randomly.
Pair Corralation between Asg Managed and Saat Market
Assuming the 90 days horizon Asg Managed Futures is expected to under-perform the Saat Market. In addition to that, Asg Managed is 2.01 times more volatile than Saat Market Growth. It trades about -0.05 of its total potential returns per unit of risk. Saat Market Growth is currently generating about 0.05 per unit of volatility. If you would invest 1,132 in Saat Market Growth on September 3, 2024 and sell it today you would earn a total of 145.00 from holding Saat Market Growth or generate 12.81% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Asg Managed Futures vs. Saat Market Growth
Performance |
| Timeline |
| Asg Managed Futures |
| Saat Market Growth |
Asg Managed and Saat Market Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Asg Managed and Saat Market
The main advantage of trading using opposite Asg Managed and Saat Market positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Asg Managed position performs unexpectedly, Saat Market 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 Saat Market will offset losses from the drop in Saat Market's long position.| Asg Managed vs. Aqr Managed Futures | Asg Managed vs. Pimco Trends Managed | Asg Managed vs. Pimco Trends Managed | Asg Managed vs. American Beacon Ahl |
| Saat Market vs. Asg Managed Futures | Saat Market vs. Tiaa Cref Inflation Linked Bond | Saat Market vs. Western Asset Inflation | Saat Market vs. Ab Bond Inflation |
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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Other Complementary Tools
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Stocks Directory Find actively traded stocks across global markets | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk |