Correlation Between Emerging Markets and Cm Commodity
Can any of the company-specific risk be diversified away by investing in both Emerging Markets and Cm Commodity 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 Emerging Markets and Cm Commodity into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Emerging Markets Fund and Cm Modity Index, you can compare the effects of market volatilities on Emerging Markets and Cm Commodity 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 Emerging Markets with a short position of Cm Commodity. Check out your portfolio center. Please also check ongoing floating volatility patterns of Emerging Markets and Cm Commodity.
Diversification Opportunities for Emerging Markets and Cm Commodity
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Emerging and COMIX is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Emerging Markets Fund and Cm Modity Index in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Cm Modity Index and Emerging Markets 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 Emerging Markets Fund are associated (or correlated) with Cm Commodity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cm Modity Index has no effect on the direction of Emerging Markets i.e., Emerging Markets and Cm Commodity go up and down completely randomly.
Pair Corralation between Emerging Markets and Cm Commodity
If you would invest 6,936 in Cm Modity Index on June 3, 2025 and sell it today you would earn a total of 207.00 from holding Cm Modity Index or generate 2.98% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Emerging Markets Fund vs. Cm Modity Index
Performance |
| Timeline |
| Emerging Markets |
Risk-Adjusted Performance
Good
Weak | Strong |
| Cm Modity Index |
Emerging Markets and Cm Commodity Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Emerging Markets and Cm Commodity
The main advantage of trading using opposite Emerging Markets and Cm Commodity positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Emerging Markets position performs unexpectedly, Cm Commodity 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 Cm Commodity will offset losses from the drop in Cm Commodity's long position.| Emerging Markets vs. Deutsche Health And | Emerging Markets vs. Eventide Healthcare Life | Emerging Markets vs. Delaware Healthcare Fund | Emerging Markets vs. Health Care Ultrasector |
| Cm Commodity vs. Goehring Rozencwajg Resources | Cm Commodity vs. Thrivent Natural Resources | Cm Commodity vs. Adams Natural Resources | Cm Commodity vs. Invesco Energy Fund |
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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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