Correlation Between Natixis Oakmark and Natixis Us
Can any of the company-specific risk be diversified away by investing in both Natixis Oakmark and Natixis Us 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 Natixis Oakmark and Natixis Us into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Natixis Oakmark International and Natixis Equity Opportunities, you can compare the effects of market volatilities on Natixis Oakmark and Natixis Us 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 Natixis Oakmark with a short position of Natixis Us. Check out your portfolio center. Please also check ongoing floating volatility patterns of Natixis Oakmark and Natixis Us.
Diversification Opportunities for Natixis Oakmark and Natixis Us
-0.65 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Natixis and Natixis is -0.65. Overlapping area represents the amount of risk that can be diversified away by holding Natixis Oakmark International and Natixis Equity Opportunities in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Natixis Equity Oppor and Natixis Oakmark 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 Natixis Oakmark International are associated (or correlated) with Natixis Us. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Natixis Equity Oppor has no effect on the direction of Natixis Oakmark i.e., Natixis Oakmark and Natixis Us go up and down completely randomly.
Pair Corralation between Natixis Oakmark and Natixis Us
Assuming the 90 days horizon Natixis Oakmark International is expected to under-perform the Natixis Us. In addition to that, Natixis Oakmark is 1.06 times more volatile than Natixis Equity Opportunities. It trades about -0.15 of its total potential returns per unit of risk. Natixis Equity Opportunities is currently generating about 0.27 per unit of volatility. If you would invest 4,422 in Natixis Equity Opportunities on August 31, 2024 and sell it today you would earn a total of 287.00 from holding Natixis Equity Opportunities or generate 6.49% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Natixis Oakmark International vs. Natixis Equity Opportunities
Performance |
| Timeline |
| Natixis Oakmark Inte |
| Natixis Equity Oppor |
Natixis Oakmark and Natixis Us Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Natixis Oakmark and Natixis Us
The main advantage of trading using opposite Natixis Oakmark and Natixis Us positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Natixis Oakmark position performs unexpectedly, Natixis Us 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 Natixis Us will offset losses from the drop in Natixis Us' long position.| Natixis Oakmark vs. Mfs Technology Fund | Natixis Oakmark vs. Icon Information Technology | Natixis Oakmark vs. Hennessy Technology Fund | Natixis Oakmark vs. Technology Ultrasector Profund |
| Natixis Us vs. Aquagold International | Natixis Us vs. Morningstar Unconstrained Allocation | Natixis Us vs. Thrivent High Yield | Natixis Us vs. Via Renewables |
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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Other Complementary Tools
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Transaction History View history of all your transactions and understand their impact on performance |