Correlation Between Blackstone Secured and Origin Emerging
Can any of the company-specific risk be diversified away by investing in both Blackstone Secured and Origin Emerging 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 Origin Emerging 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 Origin Emerging Markets, you can compare the effects of market volatilities on Blackstone Secured and Origin Emerging 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 Origin Emerging. Check out your portfolio center. Please also check ongoing floating volatility patterns of Blackstone Secured and Origin Emerging.
Diversification Opportunities for Blackstone Secured and Origin Emerging
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Blackstone and Origin is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Blackstone Secured Lending and Origin Emerging Markets in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Origin Emerging Markets 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 Origin Emerging. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Origin Emerging Markets has no effect on the direction of Blackstone Secured i.e., Blackstone Secured and Origin Emerging go up and down completely randomly.
Pair Corralation between Blackstone Secured and Origin Emerging
If you would invest 2,968 in Blackstone Secured Lending on November 2, 2024 and sell it today you would earn a total of 340.00 from holding Blackstone Secured Lending or generate 11.46% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 1.67% |
| Values | Daily Returns |
Blackstone Secured Lending vs. Origin Emerging Markets
Performance |
| Timeline |
| Blackstone Secured |
| Origin Emerging Markets |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Blackstone Secured and Origin Emerging Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Blackstone Secured and Origin Emerging
The main advantage of trading using opposite Blackstone Secured and Origin Emerging positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Blackstone Secured position performs unexpectedly, Origin Emerging 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 Origin Emerging will offset losses from the drop in Origin Emerging'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 |
| Origin Emerging vs. Gabelli Convertible And | Origin Emerging vs. Putnam Convertible Securities | Origin Emerging vs. Advent Claymore Convertible | Origin Emerging vs. Columbia Convertible Securities |
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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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