Correlation Between Auxier Focus and Tiaa Cref
Can any of the company-specific risk be diversified away by investing in both Auxier Focus and Tiaa Cref 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 Auxier Focus and Tiaa Cref into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Auxier Focus Fund and Tiaa Cref Emerging Markets, you can compare the effects of market volatilities on Auxier Focus and Tiaa Cref 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 Auxier Focus with a short position of Tiaa Cref. Check out your portfolio center. Please also check ongoing floating volatility patterns of Auxier Focus and Tiaa Cref.
Diversification Opportunities for Auxier Focus and Tiaa Cref
0.9 | Correlation Coefficient |
Almost no diversification
The 3 months correlation between Auxier and Tiaa is 0.9. Overlapping area represents the amount of risk that can be diversified away by holding Auxier Focus Fund and Tiaa Cref Emerging Markets in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Tiaa Cref Emerging and Auxier Focus 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 Auxier Focus Fund are associated (or correlated) with Tiaa Cref. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Tiaa Cref Emerging has no effect on the direction of Auxier Focus i.e., Auxier Focus and Tiaa Cref go up and down completely randomly.
Pair Corralation between Auxier Focus and Tiaa Cref
Assuming the 90 days horizon Auxier Focus Fund is expected to generate 2.88 times more return on investment than Tiaa Cref. However, Auxier Focus is 2.88 times more volatile than Tiaa Cref Emerging Markets. It trades about 0.2 of its potential returns per unit of risk. Tiaa Cref Emerging Markets is currently generating about 0.53 per unit of risk. If you would invest 3,155 in Auxier Focus Fund on June 13, 2025 and sell it today you would earn a total of 180.00 from holding Auxier Focus Fund or generate 5.71% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Auxier Focus Fund vs. Tiaa Cref Emerging Markets
Performance |
| Timeline |
| Auxier Focus |
| Tiaa Cref Emerging |
Auxier Focus and Tiaa Cref Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Auxier Focus and Tiaa Cref
The main advantage of trading using opposite Auxier Focus and Tiaa Cref positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Auxier Focus position performs unexpectedly, Tiaa Cref 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 Tiaa Cref will offset losses from the drop in Tiaa Cref's long position.| Auxier Focus vs. California Municipal Portfolio | Auxier Focus vs. Morningstar Defensive Bond | Auxier Focus vs. Ambrus Core Bond | Auxier Focus vs. Transamerica Intermediate Muni |
| Tiaa Cref vs. Ab E Opportunities | Tiaa Cref vs. Transamerica Asset Allocation | Tiaa Cref vs. Alternative Asset Allocation | Tiaa Cref vs. Tax Managed Large Cap |
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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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