Correlation Between Blackstone Secured and Catalystexceed Defined
Can any of the company-specific risk be diversified away by investing in both Blackstone Secured and Catalystexceed Defined 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 Catalystexceed Defined 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 Catalystexceed Defined Shield, you can compare the effects of market volatilities on Blackstone Secured and Catalystexceed Defined 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 Catalystexceed Defined. Check out your portfolio center. Please also check ongoing floating volatility patterns of Blackstone Secured and Catalystexceed Defined.
Diversification Opportunities for Blackstone Secured and Catalystexceed Defined
0.55 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Blackstone and Catalystexceed is 0.55. Overlapping area represents the amount of risk that can be diversified away by holding Blackstone Secured Lending and Catalystexceed Defined Shield in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Catalystexceed Defined 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 Catalystexceed Defined. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Catalystexceed Defined has no effect on the direction of Blackstone Secured i.e., Blackstone Secured and Catalystexceed Defined go up and down completely randomly.
Pair Corralation between Blackstone Secured and Catalystexceed Defined
Given the investment horizon of 90 days Blackstone Secured Lending is expected to generate 1.76 times more return on investment than Catalystexceed Defined. However, Blackstone Secured is 1.76 times more volatile than Catalystexceed Defined Shield. It trades about 0.19 of its potential returns per unit of risk. Catalystexceed Defined Shield is currently generating about 0.2 per unit of risk. If you would invest 3,250 in Blackstone Secured Lending on November 3, 2024 and sell it today you would earn a total of 107.00 from holding Blackstone Secured Lending or generate 3.29% 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. Catalystexceed Defined Shield
Performance |
| Timeline |
| Blackstone Secured |
| Catalystexceed Defined |
Blackstone Secured and Catalystexceed Defined Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Blackstone Secured and Catalystexceed Defined
The main advantage of trading using opposite Blackstone Secured and Catalystexceed Defined positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Blackstone Secured position performs unexpectedly, Catalystexceed Defined 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 Catalystexceed Defined will offset losses from the drop in Catalystexceed Defined'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 |
| Catalystexceed Defined vs. Scharf Global Opportunity | Catalystexceed Defined vs. Eip Growth And | Catalystexceed Defined vs. Ab Small Cap | Catalystexceed Defined vs. Growth Portfolio Class |
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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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