Correlation Between Eaton Vance and Lord Abbett
Can any of the company-specific risk be diversified away by investing in both Eaton Vance and Lord Abbett 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 Eaton Vance and Lord Abbett into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Eaton Vance Short and Lord Abbett Government, you can compare the effects of market volatilities on Eaton Vance and Lord Abbett 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 Eaton Vance with a short position of Lord Abbett. Check out your portfolio center. Please also check ongoing floating volatility patterns of Eaton Vance and Lord Abbett.
Diversification Opportunities for Eaton Vance and Lord Abbett
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Eaton and Lord is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Short and Lord Abbett Government in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Lord Abbett Government and Eaton Vance 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 Eaton Vance Short are associated (or correlated) with Lord Abbett. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Lord Abbett Government has no effect on the direction of Eaton Vance i.e., Eaton Vance and Lord Abbett go up and down completely randomly.
Pair Corralation between Eaton Vance and Lord Abbett
If you would invest 100.00 in Lord Abbett Government on September 4, 2024 and sell it today you would earn a total of 0.00 from holding Lord Abbett Government or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Eaton Vance Short vs. Lord Abbett Government
Performance |
| Timeline |
| Eaton Vance Short |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
| Lord Abbett Government |
Eaton Vance and Lord Abbett Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Eaton Vance and Lord Abbett
The main advantage of trading using opposite Eaton Vance and Lord Abbett positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Eaton Vance position performs unexpectedly, Lord Abbett 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 Lord Abbett will offset losses from the drop in Lord Abbett's long position.| Eaton Vance vs. Ab Bond Inflation | Eaton Vance vs. Ab Bond Inflation | Eaton Vance vs. Blackrock Inflation Protected | Eaton Vance vs. Fidelity Sai Inflationfocused |
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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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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