Correlation Between Astor Long/short and Boston Partners
Can any of the company-specific risk be diversified away by investing in both Astor Long/short and Boston Partners 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 Astor Long/short and Boston Partners into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Astor Longshort Fund and Boston Partners Emerging, you can compare the effects of market volatilities on Astor Long/short and Boston Partners 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 Astor Long/short with a short position of Boston Partners. Check out your portfolio center. Please also check ongoing floating volatility patterns of Astor Long/short and Boston Partners.
Diversification Opportunities for Astor Long/short and Boston Partners
0.97 | Correlation Coefficient |
Almost no diversification
The 3 months correlation between Astor and Boston is 0.97. Overlapping area represents the amount of risk that can be diversified away by holding Astor Longshort Fund and Boston Partners Emerging in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Boston Partners Emerging and Astor Long/short 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 Astor Longshort Fund are associated (or correlated) with Boston Partners. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Boston Partners Emerging has no effect on the direction of Astor Long/short i.e., Astor Long/short and Boston Partners go up and down completely randomly.
Pair Corralation between Astor Long/short and Boston Partners
Assuming the 90 days horizon Astor Long/short is expected to generate 1.74 times less return on investment than Boston Partners. But when comparing it to its historical volatility, Astor Longshort Fund is 1.49 times less risky than Boston Partners. It trades about 0.24 of its potential returns per unit of risk. Boston Partners Emerging is currently generating about 0.28 of returns per unit of risk over similar time horizon. If you would invest 896.00 in Boston Partners Emerging on July 8, 2025 and sell it today you would earn a total of 74.00 from holding Boston Partners Emerging or generate 8.26% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Astor Longshort Fund vs. Boston Partners Emerging
Performance |
| Timeline |
| Astor Long/short |
| Boston Partners Emerging |
Astor Long/short and Boston Partners Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Astor Long/short and Boston Partners
The main advantage of trading using opposite Astor Long/short and Boston Partners positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Astor Long/short position performs unexpectedly, Boston Partners 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 Boston Partners will offset losses from the drop in Boston Partners' long position.| Astor Long/short vs. Legg Mason Partners | Astor Long/short vs. Pnc International Growth | Astor Long/short vs. Eagle Growth Income | Astor Long/short vs. Auer Growth Fund |
| Boston Partners vs. Aqr Long Short Equity | Boston Partners vs. Doubleline Core Fixed | Boston Partners vs. Old Westbury Fixed | Boston Partners vs. Ab Select Equity |
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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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