Correlation Between Exemplar Growth and IShares SP
Can any of the company-specific risk be diversified away by investing in both Exemplar Growth and IShares SP 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 Exemplar Growth and IShares SP into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Exemplar Growth and and iShares SP Mid Cap, you can compare the effects of market volatilities on Exemplar Growth and IShares SP 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 Exemplar Growth with a short position of IShares SP. Check out your portfolio center. Please also check ongoing floating volatility patterns of Exemplar Growth and IShares SP.
Diversification Opportunities for Exemplar Growth and IShares SP
-0.24 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Exemplar and IShares is -0.24. Overlapping area represents the amount of risk that can be diversified away by holding Exemplar Growth and and iShares SP Mid Cap in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on iShares SP Mid and Exemplar 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 Exemplar Growth and are associated (or correlated) with IShares SP. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of iShares SP Mid has no effect on the direction of Exemplar Growth i.e., Exemplar Growth and IShares SP go up and down completely randomly.
Pair Corralation between Exemplar Growth and IShares SP
Assuming the 90 days trading horizon Exemplar Growth and is expected to generate 1.06 times more return on investment than IShares SP. However, Exemplar Growth is 1.06 times more volatile than iShares SP Mid Cap. It trades about 0.12 of its potential returns per unit of risk. iShares SP Mid Cap is currently generating about 0.01 per unit of risk. If you would invest 2,323 in Exemplar Growth and on August 18, 2025 and sell it today you would earn a total of 174.00 from holding Exemplar Growth and or generate 7.49% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 98.44% |
| Values | Daily Returns |
Exemplar Growth and vs. iShares SP Mid Cap
Performance |
| Timeline |
| Exemplar Growth |
| iShares SP Mid |
Exemplar Growth and IShares SP Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Exemplar Growth and IShares SP
The main advantage of trading using opposite Exemplar Growth and IShares SP positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Exemplar Growth position performs unexpectedly, IShares SP 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 IShares SP will offset losses from the drop in IShares SP's long position.| Exemplar Growth vs. TD Active Preferred | Exemplar Growth vs. iShares SP Mid Cap | Exemplar Growth vs. Harvest Equal Weight | Exemplar Growth vs. iShares SPTSX Completion |
| IShares SP vs. iShares SPTSX Completion | IShares SP vs. iShares SP Mid Cap | IShares SP vs. Exemplar Growth and | IShares SP vs. TD Active Preferred |
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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