Correlation Between Barings Emerging and Multi Asset
Can any of the company-specific risk be diversified away by investing in both Barings Emerging and Multi Asset 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 Barings Emerging and Multi Asset into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Barings Emerging Markets and Multi Asset Income Fund, you can compare the effects of market volatilities on Barings Emerging and Multi Asset 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 Barings Emerging with a short position of Multi Asset. Check out your portfolio center. Please also check ongoing floating volatility patterns of Barings Emerging and Multi Asset.
Diversification Opportunities for Barings Emerging and Multi Asset
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Barings and Multi is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Barings Emerging Markets and Multi Asset Income Fund in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Multi Asset Income and Barings 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 Barings Emerging Markets are associated (or correlated) with Multi Asset. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Multi Asset Income has no effect on the direction of Barings Emerging i.e., Barings Emerging and Multi Asset go up and down completely randomly.
Pair Corralation between Barings Emerging and Multi Asset
If you would invest 756.00 in Barings Emerging Markets on September 13, 2024 and sell it today you would earn a total of 3.00 from holding Barings Emerging Markets or generate 0.4% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Barings Emerging Markets vs. Multi Asset Income Fund
Performance |
| Timeline |
| Barings Emerging Markets |
| Multi Asset Income |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Barings Emerging and Multi Asset Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Barings Emerging and Multi Asset
The main advantage of trading using opposite Barings Emerging and Multi Asset positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Barings Emerging position performs unexpectedly, Multi Asset 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 Multi Asset will offset losses from the drop in Multi Asset's long position.| Barings Emerging vs. Barings Active Short | Barings Emerging vs. Barings Emerging Markets | Barings Emerging vs. Barings Active Short | Barings Emerging vs. Barings Global Floating |
| Multi Asset vs. Calvert Developed Market | Multi Asset vs. Barings Emerging Markets | Multi Asset vs. Siit Emerging Markets | Multi Asset vs. Extended Market Index |
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 Stocks Directory module to find actively traded stocks across global markets.
Other Complementary Tools
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments |