Correlation Between Artisan Emerging and Natixis Oakmark
Can any of the company-specific risk be diversified away by investing in both Artisan Emerging 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 Artisan Emerging and Natixis Oakmark into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Artisan Emerging Markets and Natixis Oakmark International, you can compare the effects of market volatilities on Artisan Emerging 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 Artisan Emerging with a short position of Natixis Oakmark. Check out your portfolio center. Please also check ongoing floating volatility patterns of Artisan Emerging and Natixis Oakmark.
Diversification Opportunities for Artisan Emerging and Natixis Oakmark
-0.4 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Artisan and Natixis is -0.4. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Emerging Markets and Natixis Oakmark International in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Natixis Oakmark Inte and Artisan Emerging 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 Artisan Emerging Markets 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 Inte has no effect on the direction of Artisan Emerging i.e., Artisan Emerging and Natixis Oakmark go up and down completely randomly.
Pair Corralation between Artisan Emerging and Natixis Oakmark
Assuming the 90 days horizon Artisan Emerging Markets is expected to under-perform the Natixis Oakmark. But the mutual fund apears to be less risky and, when comparing its historical volatility, Artisan Emerging Markets is 2.16 times less risky than Natixis Oakmark. The mutual fund trades about -0.13 of its potential returns per unit of risk. The Natixis Oakmark International is currently generating about 0.31 of returns per unit of risk over similar time horizon. If you would invest 1,374 in Natixis Oakmark International on September 15, 2024 and sell it today you would earn a total of 61.00 from holding Natixis Oakmark International or generate 4.44% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Artisan Emerging Markets vs. Natixis Oakmark International
Performance |
| Timeline |
| Artisan Emerging Markets |
| Natixis Oakmark Inte |
Artisan Emerging and Natixis Oakmark Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Artisan Emerging and Natixis Oakmark
The main advantage of trading using opposite Artisan Emerging and Natixis Oakmark positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Artisan Emerging 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.| Artisan Emerging vs. Fidelity Capital Income | Artisan Emerging vs. Franklin High Yield | Artisan Emerging vs. Strategic Advisers Income | Artisan Emerging vs. Tax Exempt High Yield |
| Natixis Oakmark vs. Artisan Emerging Markets | Natixis Oakmark vs. Shelton Emerging Markets | Natixis Oakmark vs. Mid Cap 15x Strategy | Natixis Oakmark vs. Siit Emerging Markets |
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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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