Correlation Between General Money and 361 Managed
Can any of the company-specific risk be diversified away by investing in both General Money and 361 Managed 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 General Money and 361 Managed into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between General Money Market and 361 Managed Futures, you can compare the effects of market volatilities on General Money and 361 Managed 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 General Money with a short position of 361 Managed. Check out your portfolio center. Please also check ongoing floating volatility patterns of General Money and 361 Managed.
Diversification Opportunities for General Money and 361 Managed
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between General and 361 is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding General Money Market and 361 Managed Futures in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on 361 Managed Futures and General Money 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 General Money Market are associated (or correlated) with 361 Managed. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of 361 Managed Futures has no effect on the direction of General Money i.e., General Money and 361 Managed go up and down completely randomly.
Pair Corralation between General Money and 361 Managed
If you would invest (100.00) in 361 Managed Futures on February 26, 2024 and sell it today you would earn a total of 100.00 from holding 361 Managed Futures 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 |
General Money Market vs. 361 Managed Futures
Performance |
Timeline |
General Money Market |
361 Managed Futures |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
General Money and 361 Managed Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with General Money and 361 Managed
The main advantage of trading using opposite General Money and 361 Managed positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if General Money position performs unexpectedly, 361 Managed 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 361 Managed will offset losses from the drop in 361 Managed's long position.General Money vs. Vanguard Total Stock | General Money vs. Vanguard 500 Index | General Money vs. Vanguard Total Stock | General Money vs. Vanguard Total Stock |
361 Managed vs. Jhancock Diversified Macro | 361 Managed vs. Oklahoma College Savings | 361 Managed vs. Blackrock Conservative Prprdptfinstttnl |
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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Other Complementary Tools
Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
Equity Valuation Check real value of public entities based on technical and fundamental data | |
Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm |