Correlation Between Chase Growth and Doubleline Emerging
Can any of the company-specific risk be diversified away by investing in both Chase Growth and Doubleline Emerging 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 Doubleline Emerging 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 Doubleline Emerging Markets, you can compare the effects of market volatilities on Chase Growth and Doubleline Emerging 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 Doubleline Emerging. Check out your portfolio center. Please also check ongoing floating volatility patterns of Chase Growth and Doubleline Emerging.
Diversification Opportunities for Chase Growth and Doubleline Emerging
0.9 | Correlation Coefficient |
Almost no diversification
The 3 months correlation between Chase and Doubleline is 0.9. Overlapping area represents the amount of risk that can be diversified away by holding Chase Growth Fund and Doubleline Emerging Markets in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Doubleline Emerging 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 Doubleline Emerging. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Doubleline Emerging has no effect on the direction of Chase Growth i.e., Chase Growth and Doubleline Emerging go up and down completely randomly.
Pair Corralation between Chase Growth and Doubleline Emerging
Assuming the 90 days horizon Chase Growth Fund is expected to generate 7.79 times more return on investment than Doubleline Emerging. However, Chase Growth is 7.79 times more volatile than Doubleline Emerging Markets. It trades about 0.27 of its potential returns per unit of risk. Doubleline Emerging Markets is currently generating about 0.62 per unit of risk. If you would invest 1,419 in Chase Growth Fund on June 13, 2025 and sell it today you would earn a total of 192.00 from holding Chase Growth Fund or generate 13.53% 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. Doubleline Emerging Markets
Performance |
| Timeline |
| Chase Growth |
| Doubleline Emerging |
Chase Growth and Doubleline Emerging Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Chase Growth and Doubleline Emerging
The main advantage of trading using opposite Chase Growth and Doubleline Emerging positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Chase Growth position performs unexpectedly, Doubleline Emerging 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 Doubleline Emerging will offset losses from the drop in Doubleline Emerging'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 |
| Doubleline Emerging vs. Qs Large Cap | Doubleline Emerging vs. Transamerica Large Cap | Doubleline Emerging vs. Fidelity Large Cap | Doubleline Emerging vs. M 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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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