Correlation Between Scharf Fund and Barrow Hanley
Can any of the company-specific risk be diversified away by investing in both Scharf Fund and Barrow Hanley 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 Scharf Fund and Barrow Hanley into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Scharf Fund Retail and Barrow Hanley Floating, you can compare the effects of market volatilities on Scharf Fund and Barrow Hanley 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 Scharf Fund with a short position of Barrow Hanley. Check out your portfolio center. Please also check ongoing floating volatility patterns of Scharf Fund and Barrow Hanley.
Diversification Opportunities for Scharf Fund and Barrow Hanley
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Scharf and Barrow is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Scharf Fund Retail and Barrow Hanley Floating in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Barrow Hanley Floating and Scharf Fund 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 Scharf Fund Retail are associated (or correlated) with Barrow Hanley. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Barrow Hanley Floating has no effect on the direction of Scharf Fund i.e., Scharf Fund and Barrow Hanley go up and down completely randomly.
Pair Corralation between Scharf Fund and Barrow Hanley
If you would invest 4,772 in Scharf Fund Retail on October 25, 2024 and sell it today you would earn a total of 365.00 from holding Scharf Fund Retail or generate 7.65% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Scharf Fund Retail vs. Barrow Hanley Floating
Performance |
| Timeline |
| Scharf Fund Retail |
| Barrow Hanley Floating |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Strong
Scharf Fund and Barrow Hanley Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Scharf Fund and Barrow Hanley
The main advantage of trading using opposite Scharf Fund and Barrow Hanley positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Scharf Fund position performs unexpectedly, Barrow Hanley 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 Barrow Hanley will offset losses from the drop in Barrow Hanley's long position.| Scharf Fund vs. Western Assets Emerging | Scharf Fund vs. Balanced Strategy Fund | Scharf Fund vs. Siit Emerging Markets | Scharf Fund vs. Dws Emerging Markets |
| Barrow Hanley vs. Payden Government Fund | Barrow Hanley vs. Dws Government Money | Barrow Hanley vs. Aig Government Money | Barrow Hanley vs. Prudential Government Money |
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 Stocks Directory module to find actively traded stocks across global markets.
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