Correlation Between AGF GLOBAL and CI Global
Can any of the company-specific risk be diversified away by investing in both AGF GLOBAL and CI Global 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 AGF GLOBAL and CI Global into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between AGF GLOBAL OPPORTUNITIES and CI Global Financial, you can compare the effects of market volatilities on AGF GLOBAL and CI Global 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 AGF GLOBAL with a short position of CI Global. Check out your portfolio center. Please also check ongoing floating volatility patterns of AGF GLOBAL and CI Global.
Diversification Opportunities for AGF GLOBAL and CI Global
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between AGF and FSF is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding AGF GLOBAL OPPORTUNITIES and CI Global Financial in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on CI Global Financial and AGF GLOBAL 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 AGF GLOBAL OPPORTUNITIES are associated (or correlated) with CI Global. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CI Global Financial has no effect on the direction of AGF GLOBAL i.e., AGF GLOBAL and CI Global go up and down completely randomly.
Pair Corralation between AGF GLOBAL and CI Global
If you would invest 3,432 in CI Global Financial on September 2, 2025 and sell it today you would earn a total of 57.00 from holding CI Global Financial or generate 1.66% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
AGF GLOBAL OPPORTUNITIES vs. CI Global Financial
Performance |
| Timeline |
| AGF GLOBAL OPPORTUNITIES |
Risk-Adjusted Performance
Weakest
Weak | Strong |
| CI Global Financial |
AGF GLOBAL and CI Global Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with AGF GLOBAL and CI Global
The main advantage of trading using opposite AGF GLOBAL and CI Global positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if AGF GLOBAL position performs unexpectedly, CI Global 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 CI Global will offset losses from the drop in CI Global's long position.| AGF GLOBAL vs. AGF Enhanced Equity | AGF GLOBAL vs. AGF GLOBAL REAL | AGF GLOBAL vs. AGF Global Sustainable | AGF GLOBAL vs. NBI High Yield |
| CI Global vs. NBI High Yield | CI Global vs. NBI Unconstrained Fixed | CI Global vs. Mackenzie Developed ex North | CI Global vs. BMO Short Term Bond |
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 AI Portfolio Prophet module to use AI to generate optimal portfolios and find profitable investment opportunities.
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