Correlation Between Marsico Focus and HUMANA
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By analyzing existing cross correlation between Marsico Focus Fund and HUMANA INC, you can compare the effects of market volatilities on Marsico Focus and HUMANA 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 Marsico Focus with a short position of HUMANA. Check out your portfolio center. Please also check ongoing floating volatility patterns of Marsico Focus and HUMANA.
Diversification Opportunities for Marsico Focus and HUMANA
-0.09 | Correlation Coefficient |
Good diversification
The 3 months correlation between Marsico and HUMANA is -0.09. Overlapping area represents the amount of risk that can be diversified away by holding Marsico Focus Fund and HUMANA INC in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on HUMANA INC and Marsico Focus 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 Marsico Focus Fund are associated (or correlated) with HUMANA. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of HUMANA INC has no effect on the direction of Marsico Focus i.e., Marsico Focus and HUMANA go up and down completely randomly.
Pair Corralation between Marsico Focus and HUMANA
Assuming the 90 days horizon Marsico Focus Fund is expected to generate 1.37 times more return on investment than HUMANA. However, Marsico Focus is 1.37 times more volatile than HUMANA INC. It trades about 0.06 of its potential returns per unit of risk. HUMANA INC is currently generating about 0.07 per unit of risk. If you would invest 3,005 in Marsico Focus Fund on October 25, 2024 and sell it today you would earn a total of 127.00 from holding Marsico Focus Fund or generate 4.23% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 98.33% |
| Values | Daily Returns |
Marsico Focus Fund vs. HUMANA INC
Performance |
| Timeline |
| Marsico Focus |
| HUMANA INC |
Marsico Focus and HUMANA Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Marsico Focus and HUMANA
The main advantage of trading using opposite Marsico Focus and HUMANA positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Marsico Focus position performs unexpectedly, HUMANA 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 HUMANA will offset losses from the drop in HUMANA's long position.| Marsico Focus vs. Marsico Growth Fund | Marsico Focus vs. T Rowe Price | Marsico Focus vs. Short Term Fund Administrative | Marsico Focus vs. Selected American Shares |
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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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