Correlation Between Stone Harbor and Boston Partners
Can any of the company-specific risk be diversified away by investing in both Stone Harbor and Boston Partners 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 Stone Harbor and Boston Partners into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Stone Harbor Strategic and Boston Partners Longshort, you can compare the effects of market volatilities on Stone Harbor and Boston Partners 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 Stone Harbor with a short position of Boston Partners. Check out your portfolio center. Please also check ongoing floating volatility patterns of Stone Harbor and Boston Partners.
Diversification Opportunities for Stone Harbor and Boston Partners
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Stone and Boston is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Stone Harbor Strategic and Boston Partners Longshort in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Boston Partners Longshort and Stone Harbor 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 Stone Harbor Strategic are associated (or correlated) with Boston Partners. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Boston Partners Longshort has no effect on the direction of Stone Harbor i.e., Stone Harbor and Boston Partners go up and down completely randomly.
Pair Corralation between Stone Harbor and Boston Partners
If you would invest (100.00) in Stone Harbor Strategic on December 4, 2024 and sell it today you would earn a total of 100.00 from holding Stone Harbor Strategic or generate -100.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Stone Harbor Strategic vs. Boston Partners Longshort
Performance |
| Timeline |
| Stone Harbor Strategic |
Risk-Adjusted Performance
Very Weak
Weak | Strong |
| Boston Partners Longshort |
Stone Harbor and Boston Partners Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Stone Harbor and Boston Partners
The main advantage of trading using opposite Stone Harbor and Boston Partners positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Stone Harbor position performs unexpectedly, Boston Partners 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 Boston Partners will offset losses from the drop in Boston Partners' long position.| Stone Harbor vs. T Rowe Price | Stone Harbor vs. Doubleline Global Bond | Stone Harbor vs. Ab Global Real | Stone Harbor vs. Dreyfusstandish Global Fixed |
| Boston Partners vs. Aqr Managed Futures | Boston Partners vs. Neuberger Berman Long | Boston Partners vs. Asg Managed Futures | Boston Partners vs. Marketfield Fund Marketfield |
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 Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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