Correlation Between Lebenthal Lisanti and Calvert International
Can any of the company-specific risk be diversified away by investing in both Lebenthal Lisanti and Calvert International 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 Lebenthal Lisanti and Calvert International into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Lebenthal Lisanti Small and Calvert International Equity, you can compare the effects of market volatilities on Lebenthal Lisanti and Calvert International 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 Lebenthal Lisanti with a short position of Calvert International. Check out your portfolio center. Please also check ongoing floating volatility patterns of Lebenthal Lisanti and Calvert International.
Diversification Opportunities for Lebenthal Lisanti and Calvert International
-0.21 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Lebenthal and Calvert is -0.21. Overlapping area represents the amount of risk that can be diversified away by holding Lebenthal Lisanti Small and Calvert International Equity in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Calvert International and Lebenthal Lisanti 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 Lebenthal Lisanti Small are associated (or correlated) with Calvert International. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Calvert International has no effect on the direction of Lebenthal Lisanti i.e., Lebenthal Lisanti and Calvert International go up and down completely randomly.
Pair Corralation between Lebenthal Lisanti and Calvert International
Assuming the 90 days horizon Lebenthal Lisanti Small is expected to generate 1.42 times more return on investment than Calvert International. However, Lebenthal Lisanti is 1.42 times more volatile than Calvert International Equity. It trades about 0.16 of its potential returns per unit of risk. Calvert International Equity is currently generating about -0.01 per unit of risk. If you would invest 1,943 in Lebenthal Lisanti Small on June 9, 2025 and sell it today you would earn a total of 258.00 from holding Lebenthal Lisanti Small or generate 13.28% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Lebenthal Lisanti Small vs. Calvert International Equity
Performance |
| Timeline |
| Lebenthal Lisanti Small |
| Calvert International |
Lebenthal Lisanti and Calvert International Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Lebenthal Lisanti and Calvert International
The main advantage of trading using opposite Lebenthal Lisanti and Calvert International positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Lebenthal Lisanti position performs unexpectedly, Calvert International 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 Calvert International will offset losses from the drop in Calvert International's long position.| Lebenthal Lisanti vs. Queens Road Small | Lebenthal Lisanti vs. Mfs Intrinsic Value | Lebenthal Lisanti vs. Russell 2000 2x | Lebenthal Lisanti vs. Ep Emerging Markets |
| Calvert International vs. Blackrock Exchange Portfolio | Calvert International vs. Tiaa Cref Life Money | Calvert International vs. Voya Government Money | Calvert International vs. Fidelity Money Market |
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 Dashboard module to portfolio dashboard that provides centralized access to all your investments.
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