Correlation Between Amundi Index and Amundi MSCI
Can any of the company-specific risk be diversified away by investing in both Amundi Index and Amundi MSCI 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 Amundi Index and Amundi MSCI into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Amundi Index Solutions and Amundi MSCI Emerging, you can compare the effects of market volatilities on Amundi Index and Amundi MSCI 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 Amundi Index with a short position of Amundi MSCI. Check out your portfolio center. Please also check ongoing floating volatility patterns of Amundi Index and Amundi MSCI.
Diversification Opportunities for Amundi Index and Amundi MSCI
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Amundi and Amundi is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Amundi Index Solutions and Amundi MSCI Emerging in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Amundi MSCI Emerging and Amundi Index 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 Amundi Index Solutions are associated (or correlated) with Amundi MSCI. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Amundi MSCI Emerging has no effect on the direction of Amundi Index i.e., Amundi Index and Amundi MSCI go up and down completely randomly.
Pair Corralation between Amundi Index and Amundi MSCI
If you would invest 31,380 in Amundi Index Solutions on September 13, 2024 and sell it today you would earn a total of 0.00 from holding Amundi Index Solutions or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 95.65% |
| Values | Daily Returns |
Amundi Index Solutions vs. Amundi MSCI Emerging
Performance |
| Timeline |
| Amundi Index Solutions |
| Amundi MSCI Emerging |
Amundi Index and Amundi MSCI Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Amundi Index and Amundi MSCI
The main advantage of trading using opposite Amundi Index and Amundi MSCI positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Amundi Index position performs unexpectedly, Amundi MSCI 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 Amundi MSCI will offset losses from the drop in Amundi MSCI's long position.| Amundi Index vs. Amundi Index Solutions | Amundi Index vs. Amundi Index Solutions | Amundi Index vs. Amundi Index Solutions | Amundi Index vs. Amundi MSCI Emerging |
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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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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