Correlation Between Franklin and Saat Market
Can any of the company-specific risk be diversified away by investing in both Franklin and Saat Market 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 Franklin and Saat Market into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Franklin Government Money and Saat Market Growth, you can compare the effects of market volatilities on Franklin and Saat Market 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 Franklin with a short position of Saat Market. Check out your portfolio center. Please also check ongoing floating volatility patterns of Franklin and Saat Market.
Diversification Opportunities for Franklin and Saat Market
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Franklin and Saat is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Government Money and Saat Market Growth in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Saat Market Growth and Franklin 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 Franklin Government Money are associated (or correlated) with Saat Market. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Saat Market Growth has no effect on the direction of Franklin i.e., Franklin and Saat Market go up and down completely randomly.
Pair Corralation between Franklin and Saat Market
If you would invest 100.00 in Franklin Government Money on October 10, 2024 and sell it today you would earn a total of 0.00 from holding Franklin Government Money or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Franklin Government Money vs. Saat Market Growth
Performance |
| Timeline |
| Franklin Government Money |
| Saat Market Growth |
Franklin and Saat Market Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Franklin and Saat Market
The main advantage of trading using opposite Franklin and Saat Market positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Franklin position performs unexpectedly, Saat Market 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 Saat Market will offset losses from the drop in Saat Market's long position.| Franklin vs. Deutsche Real Estate | Franklin vs. Nuveen Real Estate | Franklin vs. Pender Real Estate | Franklin vs. Short Real Estate |
| Saat Market vs. Simt Multi Asset Accumulation | Saat Market vs. Simt Real Return | Saat Market vs. Simt Small Cap | Saat Market vs. Siit Screened World |
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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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