Correlation Between Artisan Global and Leuthold Global
Can any of the company-specific risk be diversified away by investing in both Artisan Global and Leuthold 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 Artisan Global and Leuthold Global into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Artisan Global Opportunities and Leuthold Global Fund, you can compare the effects of market volatilities on Artisan Global and Leuthold 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 Artisan Global with a short position of Leuthold Global. Check out your portfolio center. Please also check ongoing floating volatility patterns of Artisan Global and Leuthold Global.
Diversification Opportunities for Artisan Global and Leuthold Global
0.87 | Correlation Coefficient |
Very poor diversification
The 3 months correlation between Artisan and LEUTHOLD is 0.87. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Global Opportunities and Leuthold Global Fund in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Leuthold Global and Artisan 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 Artisan Global Opportunities are associated (or correlated) with Leuthold Global. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Leuthold Global has no effect on the direction of Artisan Global i.e., Artisan Global and Leuthold Global go up and down completely randomly.
Pair Corralation between Artisan Global and Leuthold Global
Assuming the 90 days horizon Artisan Global Opportunities is expected to generate 1.6 times more return on investment than Leuthold Global. However, Artisan Global is 1.6 times more volatile than Leuthold Global Fund. It trades about 0.14 of its potential returns per unit of risk. Leuthold Global Fund is currently generating about 0.18 per unit of risk. If you would invest 3,254 in Artisan Global Opportunities on June 2, 2025 and sell it today you would earn a total of 201.00 from holding Artisan Global Opportunities or generate 6.18% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Artisan Global Opportunities vs. Leuthold Global Fund
Performance |
| Timeline |
| Artisan Global Oppor |
| Leuthold Global |
Artisan Global and Leuthold Global Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Artisan Global and Leuthold Global
The main advantage of trading using opposite Artisan Global and Leuthold Global positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Artisan Global position performs unexpectedly, Leuthold 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 Leuthold Global will offset losses from the drop in Leuthold Global's long position.| Artisan Global vs. Artisan Global Value | Artisan Global vs. Artisan Global Equity | Artisan Global vs. Artisan International Value | Artisan Global vs. Artisan Small Cap |
| Leuthold Global vs. Leuthold Global Fund | Leuthold Global vs. Leuthold E Investment | Leuthold Global vs. Leuthold E Investment | Leuthold Global vs. Grizzly Short Fund |
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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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