Correlation Between Martin Currie and Advisors Series
Can any of the company-specific risk be diversified away by investing in both Martin Currie and Advisors Series 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 Martin Currie and Advisors Series into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Martin Currie Sustainable and Advisors Series Trust, you can compare the effects of market volatilities on Martin Currie and Advisors Series 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 Martin Currie with a short position of Advisors Series. Check out your portfolio center. Please also check ongoing floating volatility patterns of Martin Currie and Advisors Series.
Diversification Opportunities for Martin Currie and Advisors Series
-0.67 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Martin and Advisors is -0.67. Overlapping area represents the amount of risk that can be diversified away by holding Martin Currie Sustainable and Advisors Series Trust in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Advisors Series Trust and Martin Currie 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 Martin Currie Sustainable are associated (or correlated) with Advisors Series. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Advisors Series Trust has no effect on the direction of Martin Currie i.e., Martin Currie and Advisors Series go up and down completely randomly.
Pair Corralation between Martin Currie and Advisors Series
Given the investment horizon of 90 days Martin Currie is expected to generate 13.14 times less return on investment than Advisors Series. In addition to that, Martin Currie is 1.44 times more volatile than Advisors Series Trust. It trades about 0.01 of its total potential returns per unit of risk. Advisors Series Trust is currently generating about 0.13 per unit of volatility. If you would invest 1,988 in Advisors Series Trust on August 31, 2024 and sell it today you would earn a total of 1,165 from holding Advisors Series Trust or generate 58.6% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 99.79% |
| Values | Daily Returns |
Martin Currie Sustainable vs. Advisors Series Trust
Performance |
| Timeline |
| Martin Currie Sustainable |
| Advisors Series Trust |
Martin Currie and Advisors Series Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Martin Currie and Advisors Series
The main advantage of trading using opposite Martin Currie and Advisors Series positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Martin Currie position performs unexpectedly, Advisors Series 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 Advisors Series will offset losses from the drop in Advisors Series' long position.| Martin Currie vs. BrandywineGLOBAL Dynamic | Martin Currie vs. First Trust Growth | Martin Currie vs. Invesco NASDAQ Future | Martin Currie vs. Burney Factor Rotation |
| Advisors Series vs. Freedom Day Dividend | Advisors Series vs. iShares MSCI China | Advisors Series vs. iShares Dividend and | Advisors Series vs. SmartETFs Dividend Builder |
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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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