Correlation Between NuShares ETF and Natixis Investment
Can any of the company-specific risk be diversified away by investing in both NuShares ETF and Natixis Investment 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 NuShares ETF and Natixis Investment into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between NuShares ETF Trust and Natixis Investment Managers, you can compare the effects of market volatilities on NuShares ETF and Natixis Investment 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 NuShares ETF with a short position of Natixis Investment. Check out your portfolio center. Please also check ongoing floating volatility patterns of NuShares ETF and Natixis Investment.
Diversification Opportunities for NuShares ETF and Natixis Investment
-0.76 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between NuShares and Natixis is -0.76. Overlapping area represents the amount of risk that can be diversified away by holding NuShares ETF Trust and Natixis Investment Managers in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Natixis Investment and NuShares ETF 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 NuShares ETF Trust are associated (or correlated) with Natixis Investment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Natixis Investment has no effect on the direction of NuShares ETF i.e., NuShares ETF and Natixis Investment go up and down completely randomly.
Pair Corralation between NuShares ETF and Natixis Investment
If you would invest 2,423 in Natixis Investment Managers on August 30, 2024 and sell it today you would earn a total of 0.00 from holding Natixis Investment Managers or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 4.55% |
| Values | Daily Returns |
NuShares ETF Trust vs. Natixis Investment Managers
Performance |
| Timeline |
| NuShares ETF Trust |
| Natixis Investment |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Good
NuShares ETF and Natixis Investment Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with NuShares ETF and Natixis Investment
The main advantage of trading using opposite NuShares ETF and Natixis Investment positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if NuShares ETF position performs unexpectedly, Natixis Investment 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 Investment will offset losses from the drop in Natixis Investment's long position.| NuShares ETF vs. NuShares ETF Trust | NuShares ETF vs. Nuveen ESG Small Cap | NuShares ETF vs. Nuveen ESG Large Cap | NuShares ETF vs. Nuveen ESG Mid Cap |
| Natixis Investment vs. VictoryShares USAA Core | Natixis Investment vs. American Century Diversified | Natixis Investment vs. IQ MacKay Municipal | Natixis Investment vs. IQ MacKay Municipal |
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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Other Complementary Tools
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. |