Correlation Between AB Active and Clockwise Capital
Can any of the company-specific risk be diversified away by investing in both AB Active and Clockwise Capital 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 AB Active and Clockwise Capital into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between AB Active ETFs and Clockwise Capital, you can compare the effects of market volatilities on AB Active and Clockwise Capital 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 AB Active with a short position of Clockwise Capital. Check out your portfolio center. Please also check ongoing floating volatility patterns of AB Active and Clockwise Capital.
Diversification Opportunities for AB Active and Clockwise Capital
0.73 | Correlation Coefficient |
Poor diversification
The 3 months correlation between CAM and Clockwise is 0.73. Overlapping area represents the amount of risk that can be diversified away by holding AB Active ETFs and Clockwise Capital in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Clockwise Capital and AB Active 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 AB Active ETFs are associated (or correlated) with Clockwise Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Clockwise Capital has no effect on the direction of AB Active i.e., AB Active and Clockwise Capital go up and down completely randomly.
Pair Corralation between AB Active and Clockwise Capital
If you would invest 2,490 in AB Active ETFs on November 6, 2025 and sell it today you would earn a total of 34.00 from holding AB Active ETFs or generate 1.37% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 1.64% |
| Values | Daily Returns |
AB Active ETFs vs. Clockwise Capital
Performance |
| Timeline |
| AB Active ETFs |
| Clockwise Capital |
Risk-Adjusted Performance
Weakest
Weak | Strong |
AB Active and Clockwise Capital Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with AB Active and Clockwise Capital
The main advantage of trading using opposite AB Active and Clockwise Capital positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if AB Active position performs unexpectedly, Clockwise Capital 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 Clockwise Capital will offset losses from the drop in Clockwise Capital's long position.| AB Active vs. Walt Disney | AB Active vs. Merck Company | AB Active vs. Exxon Mobil Corp | AB Active vs. The Home Depot |
| Clockwise Capital vs. FT Vest Equity | Clockwise Capital vs. Zillow Group Class | Clockwise Capital vs. Northern Lights | Clockwise Capital vs. Blackrock ETF Trust |
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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Other Complementary Tools
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Transaction History View history of all your transactions and understand their impact on performance |