Correlation Between Blackstone Secured and Issachar Fund
Can any of the company-specific risk be diversified away by investing in both Blackstone Secured and Issachar Fund 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 Blackstone Secured and Issachar Fund into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Blackstone Secured Lending and Issachar Fund Class, you can compare the effects of market volatilities on Blackstone Secured and Issachar Fund 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 Blackstone Secured with a short position of Issachar Fund. Check out your portfolio center. Please also check ongoing floating volatility patterns of Blackstone Secured and Issachar Fund.
Diversification Opportunities for Blackstone Secured and Issachar Fund
0.53 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Blackstone and Issachar is 0.53. Overlapping area represents the amount of risk that can be diversified away by holding Blackstone Secured Lending and Issachar Fund Class in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Issachar Fund Class and Blackstone Secured 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 Blackstone Secured Lending are associated (or correlated) with Issachar Fund. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Issachar Fund Class has no effect on the direction of Blackstone Secured i.e., Blackstone Secured and Issachar Fund go up and down completely randomly.
Pair Corralation between Blackstone Secured and Issachar Fund
Given the investment horizon of 90 days Blackstone Secured Lending is expected to generate 0.66 times more return on investment than Issachar Fund. However, Blackstone Secured Lending is 1.51 times less risky than Issachar Fund. It trades about 0.15 of its potential returns per unit of risk. Issachar Fund Class is currently generating about -0.06 per unit of risk. If you would invest 3,103 in Blackstone Secured Lending on October 10, 2024 and sell it today you would earn a total of 85.00 from holding Blackstone Secured Lending or generate 2.74% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Blackstone Secured Lending vs. Issachar Fund Class
Performance |
| Timeline |
| Blackstone Secured |
| Issachar Fund Class |
Blackstone Secured and Issachar Fund Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Blackstone Secured and Issachar Fund
The main advantage of trading using opposite Blackstone Secured and Issachar Fund positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Blackstone Secured position performs unexpectedly, Issachar Fund 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 Issachar Fund will offset losses from the drop in Issachar Fund's long position.| Blackstone Secured vs. Carlyle Secured Lending | Blackstone Secured vs. Oaktree Specialty Lending | Blackstone Secured vs. Sixth Street Specialty | Blackstone Secured vs. FS KKR Capital |
| Issachar Fund vs. Blackstone Secured Lending | Issachar Fund vs. Mesirow Financial Small | Issachar Fund vs. Fidelity Advisor Financial | Issachar Fund vs. Transamerica Financial Life |
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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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