Correlation Between Crossmark ETF and Crossmark Large
Can any of the company-specific risk be diversified away by investing in both Crossmark ETF and Crossmark Large 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 Crossmark ETF and Crossmark Large into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Crossmark ETF Trust and Crossmark Large Cap, you can compare the effects of market volatilities on Crossmark ETF and Crossmark Large 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 Crossmark ETF with a short position of Crossmark Large. Check out your portfolio center. Please also check ongoing floating volatility patterns of Crossmark ETF and Crossmark Large.
Diversification Opportunities for Crossmark ETF and Crossmark Large
0.03 | Correlation Coefficient |
Significant diversification
The 3 months correlation between Crossmark and Crossmark is 0.03. Overlapping area represents the amount of risk that can be diversified away by holding Crossmark ETF Trust and Crossmark Large Cap in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Crossmark Large Cap and Crossmark ETF 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 Crossmark ETF Trust are associated (or correlated) with Crossmark Large. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Crossmark Large Cap has no effect on the direction of Crossmark ETF i.e., Crossmark ETF and Crossmark Large go up and down completely randomly.
Pair Corralation between Crossmark ETF and Crossmark Large
Given the investment horizon of 90 days Crossmark ETF is expected to generate 2.77 times less return on investment than Crossmark Large. But when comparing it to its historical volatility, Crossmark ETF Trust is 1.36 times less risky than Crossmark Large. It trades about 0.03 of its potential returns per unit of risk. Crossmark Large Cap is currently generating about 0.06 of returns per unit of risk over similar time horizon. If you would invest 2,505 in Crossmark Large Cap on July 23, 2025 and sell it today you would earn a total of 38.00 from holding Crossmark Large Cap or generate 1.52% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 47.62% |
| Values | Daily Returns |
Crossmark ETF Trust vs. Crossmark Large Cap
Performance |
| Timeline |
| Crossmark ETF Trust |
| Crossmark Large Cap |
Risk-Adjusted Performance
Soft
Weak | Strong |
Crossmark ETF and Crossmark Large Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Crossmark ETF and Crossmark Large
The main advantage of trading using opposite Crossmark ETF and Crossmark Large positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Crossmark ETF position performs unexpectedly, Crossmark Large 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 Crossmark Large will offset losses from the drop in Crossmark Large's long position.| Crossmark ETF vs. JPMorgan Diversified Return | Crossmark ETF vs. iShares Morningstar Small Cap | Crossmark ETF vs. Invesco International Developed | Crossmark ETF vs. First Trust Exchange Traded |
| Crossmark Large vs. FT Vest Equity | Crossmark Large vs. Northern Lights | Crossmark Large vs. Dimensional International High | Crossmark Large vs. Horizon Funds |
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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Other Complementary Tools
| Transaction History View history of all your transactions and understand their impact on performance | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities |