Correlation Between Asg Managed and Natixis Oakmark
Can any of the company-specific risk be diversified away by investing in both Asg Managed and Natixis Oakmark 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 Natixis Oakmark 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 Natixis Oakmark Intl, you can compare the effects of market volatilities on Asg Managed and Natixis Oakmark 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 Natixis Oakmark. Check out your portfolio center. Please also check ongoing floating volatility patterns of Asg Managed and Natixis Oakmark.
Diversification Opportunities for Asg Managed and Natixis Oakmark
0.26 | Correlation Coefficient |
Modest diversification
The 3 months correlation between Asg and Natixis is 0.26. Overlapping area represents the amount of risk that can be diversified away by holding Asg Managed Futures and Natixis Oakmark Intl in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Natixis Oakmark Intl 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 Natixis Oakmark. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Natixis Oakmark Intl has no effect on the direction of Asg Managed i.e., Asg Managed and Natixis Oakmark go up and down completely randomly.
Pair Corralation between Asg Managed and Natixis Oakmark
Assuming the 90 days horizon Asg Managed Futures is expected to under-perform the Natixis Oakmark. But the mutual fund apears to be less risky and, when comparing its historical volatility, Asg Managed Futures is 1.25 times less risky than Natixis Oakmark. The mutual fund trades about -0.03 of its potential returns per unit of risk. The Natixis Oakmark Intl is currently generating about 0.03 of returns per unit of risk over similar time horizon. If you would invest 1,242 in Natixis Oakmark Intl on August 30, 2024 and sell it today you would earn a total of 145.00 from holding Natixis Oakmark Intl or generate 11.67% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Asg Managed Futures vs. Natixis Oakmark Intl
Performance |
| Timeline |
| Asg Managed Futures |
| Natixis Oakmark Intl |
Asg Managed and Natixis Oakmark Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Asg Managed and Natixis Oakmark
The main advantage of trading using opposite Asg Managed and Natixis Oakmark positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Asg Managed position performs unexpectedly, Natixis Oakmark 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 Natixis Oakmark will offset losses from the drop in Natixis Oakmark's long position.| Asg Managed vs. Goldman Sachs Large | Asg Managed vs. Pace Large Growth | Asg Managed vs. T Rowe Price | Asg Managed vs. Hartford Moderate Allocation |
| Natixis Oakmark vs. Calvert Short Duration | Natixis Oakmark vs. Aqr Long Short Equity | Natixis Oakmark vs. Ab Select Longshort | Natixis Oakmark vs. Federated Short Intermediate Duration |
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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
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