Correlation Between Chase Growth and Calvert Balanced
Can any of the company-specific risk be diversified away by investing in both Chase Growth and Calvert Balanced 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 Chase Growth and Calvert Balanced into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Chase Growth Fund and Calvert Balanced Portfolio, you can compare the effects of market volatilities on Chase Growth and Calvert Balanced 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 Chase Growth with a short position of Calvert Balanced. Check out your portfolio center. Please also check ongoing floating volatility patterns of Chase Growth and Calvert Balanced.
Diversification Opportunities for Chase Growth and Calvert Balanced
0.97 | Correlation Coefficient |
Almost no diversification
The 3 months correlation between Chase and Calvert is 0.97. Overlapping area represents the amount of risk that can be diversified away by holding Chase Growth Fund and Calvert Balanced Portfolio in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Calvert Balanced Por and Chase Growth 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 Chase Growth Fund are associated (or correlated) with Calvert Balanced. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Calvert Balanced Por has no effect on the direction of Chase Growth i.e., Chase Growth and Calvert Balanced go up and down completely randomly.
Pair Corralation between Chase Growth and Calvert Balanced
Assuming the 90 days horizon Chase Growth Fund is expected to generate 1.97 times more return on investment than Calvert Balanced. However, Chase Growth is 1.97 times more volatile than Calvert Balanced Portfolio. It trades about 0.2 of its potential returns per unit of risk. Calvert Balanced Portfolio is currently generating about 0.24 per unit of risk. If you would invest 1,406 in Chase Growth Fund on May 31, 2025 and sell it today you would earn a total of 143.00 from holding Chase Growth Fund or generate 10.17% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Chase Growth Fund vs. Calvert Balanced Portfolio
Performance |
| Timeline |
| Chase Growth |
| Calvert Balanced Por |
Chase Growth and Calvert Balanced Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Chase Growth and Calvert Balanced
The main advantage of trading using opposite Chase Growth and Calvert Balanced positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Chase Growth position performs unexpectedly, Calvert Balanced 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 Balanced will offset losses from the drop in Calvert Balanced's long position.| Chase Growth vs. Cambiar Opportunity Fund | Chase Growth vs. The Chesapeake Growth | Chase Growth vs. The Jensen Portfolio | Chase Growth vs. Aston Montag Caldwell |
| Calvert Balanced vs. Columbia International Value | Calvert Balanced vs. Calvert Moderate Allocation | Calvert Balanced vs. Calvert Developed Market | Calvert Balanced vs. Calvert International Responsible |
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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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