Correlation Between Ambrus Core and Barings Us
Can any of the company-specific risk be diversified away by investing in both Ambrus Core and Barings 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 Ambrus Core and Barings Us into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Ambrus Core Bond and Barings High Yield, you can compare the effects of market volatilities on Ambrus Core and Barings 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 Ambrus Core with a short position of Barings Us. Check out your portfolio center. Please also check ongoing floating volatility patterns of Ambrus Core and Barings Us.
Diversification Opportunities for Ambrus Core and Barings Us
0.55 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Ambrus and Barings is 0.55. Overlapping area represents the amount of risk that can be diversified away by holding Ambrus Core Bond and Barings High Yield in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Barings High Yield and Ambrus Core 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 Ambrus Core Bond are associated (or correlated) with Barings Us. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Barings High Yield has no effect on the direction of Ambrus Core i.e., Ambrus Core and Barings Us go up and down completely randomly.
Pair Corralation between Ambrus Core and Barings Us
Assuming the 90 days horizon Ambrus Core is expected to generate 1.77 times less return on investment than Barings Us. In addition to that, Ambrus Core is 1.03 times more volatile than Barings High Yield. It trades about 0.11 of its total potential returns per unit of risk. Barings High Yield is currently generating about 0.21 per unit of volatility. If you would invest 752.00 in Barings High Yield on October 12, 2024 and sell it today you would earn a total of 59.00 from holding Barings High Yield or generate 7.85% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Ambrus Core Bond vs. Barings High Yield
Performance |
| Timeline |
| Ambrus Core Bond |
| Barings High Yield |
Ambrus Core and Barings Us Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Ambrus Core and Barings Us
The main advantage of trading using opposite Ambrus Core and Barings Us positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Ambrus Core position performs unexpectedly, Barings 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 Barings Us will offset losses from the drop in Barings Us' long position.| Ambrus Core vs. Angel Oak Ultrashort | Ambrus Core vs. Transam Short Term Bond | Ambrus Core vs. Virtus Multi Sector Short | Ambrus Core vs. Chartwell Short Duration |
| Barings Us vs. Amg Managers Centersquare | Barings Us vs. Jhancock Real Estate | Barings Us vs. Nexpoint Real Estate | Barings Us vs. Redwood Real Estate |
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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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