Correlation Between Fs Managed and Sa Us
Can any of the company-specific risk be diversified away by investing in both Fs Managed and Sa Us 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 Fs Managed and Sa Us into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Fs Managed Futures and Sa Value, you can compare the effects of market volatilities on Fs Managed and Sa Us 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 Fs Managed with a short position of Sa Us. Check out your portfolio center. Please also check ongoing floating volatility patterns of Fs Managed and Sa Us.
Diversification Opportunities for Fs Managed and Sa Us
-0.37 | Correlation Coefficient |
Very good diversification
The 3 months correlation between FMFFX and SABTX is -0.37. Overlapping area represents the amount of risk that can be diversified away by holding Fs Managed Futures and Sa Value in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Sa Value and Fs Managed 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 Fs Managed Futures are associated (or correlated) with Sa Us. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Sa Value has no effect on the direction of Fs Managed i.e., Fs Managed and Sa Us go up and down completely randomly.
Pair Corralation between Fs Managed and Sa Us
If you would invest 2,276 in Sa Value on September 2, 2024 and sell it today you would earn a total of 143.00 from holding Sa Value or generate 6.28% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 4.76% |
| Values | Daily Returns |
Fs Managed Futures vs. Sa Value
Performance |
| Timeline |
| Fs Managed Futures |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Solid
| Sa Value |
Fs Managed and Sa Us Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Fs Managed and Sa Us
The main advantage of trading using opposite Fs Managed and Sa Us positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Fs Managed position performs unexpectedly, Sa Us 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 Sa Us will offset losses from the drop in Sa Us' long position.| Fs Managed vs. American Century Diversified | Fs Managed vs. Western Asset Diversified | Fs Managed vs. Sentinel Small Pany | Fs Managed vs. Adams Diversified Equity |
| Sa Us vs. Sa Small Company | Sa Us vs. Sa Mkt Fd | Sa Us vs. Sa International Value | Sa Us vs. Sa International Small |
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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
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