Correlation Between MFS Active and Infinity Natural
Can any of the company-specific risk be diversified away by investing in both MFS Active and Infinity Natural 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 MFS Active and Infinity Natural into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between MFS Active Intermediate and Infinity Natural Resources,, you can compare the effects of market volatilities on MFS Active and Infinity Natural 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 MFS Active with a short position of Infinity Natural. Check out your portfolio center. Please also check ongoing floating volatility patterns of MFS Active and Infinity Natural.
Diversification Opportunities for MFS Active and Infinity Natural
-0.11 | Correlation Coefficient |
Good diversification
The 3 months correlation between MFS and Infinity is -0.11. Overlapping area represents the amount of risk that can be diversified away by holding MFS Active Intermediate and Infinity Natural Resources, in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Infinity Natural Res and MFS Active 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 MFS Active Intermediate are associated (or correlated) with Infinity Natural. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Infinity Natural Res has no effect on the direction of MFS Active i.e., MFS Active and Infinity Natural go up and down completely randomly.
Pair Corralation between MFS Active and Infinity Natural
Given the investment horizon of 90 days MFS Active Intermediate is expected to generate 19.27 times more return on investment than Infinity Natural. However, MFS Active is 19.27 times more volatile than Infinity Natural Resources,. It trades about 0.06 of its potential returns per unit of risk. Infinity Natural Resources, is currently generating about -0.03 per unit of risk. If you would invest 0.00 in MFS Active Intermediate on September 24, 2025 and sell it today you would earn a total of 2,503 from holding MFS Active Intermediate or generate 9.223372036854776E16% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 85.61% |
| Values | Daily Returns |
MFS Active Intermediate vs. Infinity Natural Resources,
Performance |
| Timeline |
| MFS Active Intermediate |
| Infinity Natural Res |
MFS Active and Infinity Natural Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with MFS Active and Infinity Natural
The main advantage of trading using opposite MFS Active and Infinity Natural positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if MFS Active position performs unexpectedly, Infinity Natural 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 Infinity Natural will offset losses from the drop in Infinity Natural's long position.| MFS Active vs. SSGA Active Trust | MFS Active vs. SPDR Nuveen Municipal | MFS Active vs. iShares Short Maturity | MFS Active vs. First Trust Flexible |
| Infinity Natural vs. Amplify Energy Corp | Infinity Natural vs. Ring Energy | Infinity Natural vs. Imperial Petroleum | Infinity Natural vs. Kolibri Global Energy |
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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