Correlation Between FG Annuities and Emerge Capital
Can any of the company-specific risk be diversified away by investing in both FG Annuities and Emerge Capital 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 FG Annuities and Emerge Capital into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between FG Annuities Life and Emerge Capital Management, you can compare the effects of market volatilities on FG Annuities and Emerge Capital 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 FG Annuities with a short position of Emerge Capital. Check out your portfolio center. Please also check ongoing floating volatility patterns of FG Annuities and Emerge Capital.
Diversification Opportunities for FG Annuities and Emerge Capital
-0.48 | Correlation Coefficient |
Very good diversification
The 3 months correlation between FG Annuities and Emerge is -0.48. Overlapping area represents the amount of risk that can be diversified away by holding FG Annuities Life and Emerge Capital Management in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Emerge Capital Management and FG Annuities 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 FG Annuities Life are associated (or correlated) with Emerge Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Emerge Capital Management has no effect on the direction of FG Annuities i.e., FG Annuities and Emerge Capital go up and down completely randomly.
Pair Corralation between FG Annuities and Emerge Capital
If you would invest 2,567 in Emerge Capital Management on February 2, 2024 and sell it today you would earn a total of 0.00 from holding Emerge Capital Management or generate 0.0% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Moves Against |
Strength | Very Weak |
Accuracy | 4.35% |
Values | Daily Returns |
FG Annuities Life vs. Emerge Capital Management
Performance |
Timeline |
FG Annuities Life |
Emerge Capital Management |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
FG Annuities and Emerge Capital Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with FG Annuities and Emerge Capital
The main advantage of trading using opposite FG Annuities and Emerge Capital positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if FG Annuities position performs unexpectedly, Emerge Capital 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 Emerge Capital will offset losses from the drop in Emerge Capital's long position.FG Annuities vs. CNO Financial Group | FG Annuities vs. MetLife Preferred Stock | FG Annuities vs. American Equity Investment | FG Annuities vs. Prudential Public Limited |
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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 Transaction History module to view history of all your transactions and understand their impact on performance.
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