Correlation Between Ep Emerging and Amg Managers
Can any of the company-specific risk be diversified away by investing in both Ep Emerging and Amg Managers 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 Ep Emerging and Amg Managers into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Ep Emerging Markets and Amg Managers Centersquare, you can compare the effects of market volatilities on Ep Emerging and Amg Managers 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 Ep Emerging with a short position of Amg Managers. Check out your portfolio center. Please also check ongoing floating volatility patterns of Ep Emerging and Amg Managers.
Diversification Opportunities for Ep Emerging and Amg Managers
0.15 | Correlation Coefficient |
Average diversification
The 3 months correlation between EPASX and Amg is 0.15. Overlapping area represents the amount of risk that can be diversified away by holding Ep Emerging Markets and Amg Managers Centersquare in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Amg Managers Centersquare and Ep 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 Ep Emerging Markets are associated (or correlated) with Amg Managers. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Amg Managers Centersquare has no effect on the direction of Ep Emerging i.e., Ep Emerging and Amg Managers go up and down completely randomly.
Pair Corralation between Ep Emerging and Amg Managers
Assuming the 90 days horizon Ep Emerging Markets is expected to generate 0.66 times more return on investment than Amg Managers. However, Ep Emerging Markets is 1.51 times less risky than Amg Managers. It trades about 0.32 of its potential returns per unit of risk. Amg Managers Centersquare is currently generating about 0.09 per unit of risk. If you would invest 987.00 in Ep Emerging Markets on April 23, 2025 and sell it today you would earn a total of 105.00 from holding Ep Emerging Markets or generate 10.64% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Ep Emerging Markets vs. Amg Managers Centersquare
Performance |
| Timeline |
| Ep Emerging Markets |
| Amg Managers Centersquare |
Ep Emerging and Amg Managers Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Ep Emerging and Amg Managers
The main advantage of trading using opposite Ep Emerging and Amg Managers positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Ep Emerging position performs unexpectedly, Amg Managers 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 Amg Managers will offset losses from the drop in Amg Managers' long position.| Ep Emerging vs. Aig Government Money | Ep Emerging vs. Short Term Government Fund | Ep Emerging vs. Intermediate Government Bond | Ep Emerging vs. Us Government Securities |
| Amg Managers vs. Gamco Global Gold | Amg Managers vs. Goldman Sachs Small | Amg Managers vs. Gold And Precious | Amg Managers vs. Global Gold 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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Other Complementary Tools
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format |