Correlation Between Vaneck Emerging and Cm Commodity
Can any of the company-specific risk be diversified away by investing in both Vaneck Emerging 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 Vaneck Emerging and Cm Commodity into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Vaneck Emerging Markets and Cm Modity Index, you can compare the effects of market volatilities on Vaneck Emerging 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 Vaneck Emerging with a short position of Cm Commodity. Check out your portfolio center. Please also check ongoing floating volatility patterns of Vaneck Emerging and Cm Commodity.
Diversification Opportunities for Vaneck Emerging and Cm Commodity
0.32 | Correlation Coefficient |
Weak diversification
The 3 months correlation between Vaneck and COMIX is 0.32. Overlapping area represents the amount of risk that can be diversified away by holding Vaneck Emerging Markets 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 Vaneck Emerging 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 Vaneck Emerging Markets 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 Vaneck Emerging i.e., Vaneck Emerging and Cm Commodity go up and down completely randomly.
Pair Corralation between Vaneck Emerging and Cm Commodity
Assuming the 90 days horizon Vaneck Emerging Markets is expected to generate 1.32 times more return on investment than Cm Commodity. However, Vaneck Emerging is 1.32 times more volatile than Cm Modity Index. It trades about 0.17 of its potential returns per unit of risk. Cm Modity Index is currently generating about 0.09 per unit of risk. If you would invest 1,568 in Vaneck Emerging Markets on May 29, 2025 and sell it today you would earn a total of 136.00 from holding Vaneck Emerging Markets or generate 8.67% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 98.41% |
| Values | Daily Returns |
Vaneck Emerging Markets vs. Cm Modity Index
Performance |
| Timeline |
| Vaneck Emerging Markets |
| Cm Modity Index |
Vaneck Emerging and Cm Commodity Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Vaneck Emerging and Cm Commodity
The main advantage of trading using opposite Vaneck Emerging and Cm Commodity positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Vaneck Emerging 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.| Vaneck Emerging vs. Allianzgi Convertible Income | Vaneck Emerging vs. Fidelity Sai Convertible | Vaneck Emerging vs. Absolute Convertible Arbitrage | Vaneck Emerging vs. Advent Claymore Convertible |
| Cm Commodity vs. Gmo Quality Fund | Cm Commodity vs. Eic Value Fund | Cm Commodity vs. Auer Growth Fund | Cm Commodity vs. Gmo Quality 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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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