Correlation Between Franklin and Calvert Bond
Can any of the company-specific risk be diversified away by investing in both Franklin and Calvert Bond 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 Franklin and Calvert Bond into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Franklin Government Money and Calvert Bond Portfolio, you can compare the effects of market volatilities on Franklin and Calvert Bond 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 Franklin with a short position of Calvert Bond. Check out your portfolio center. Please also check ongoing floating volatility patterns of Franklin and Calvert Bond.
Diversification Opportunities for Franklin and Calvert Bond
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Franklin and Calvert is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Government Money and Calvert Bond Portfolio in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Calvert Bond Portfolio and Franklin 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 Franklin Government Money are associated (or correlated) with Calvert Bond. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Calvert Bond Portfolio has no effect on the direction of Franklin i.e., Franklin and Calvert Bond go up and down completely randomly.
Pair Corralation between Franklin and Calvert Bond
If you would invest 1,427 in Calvert Bond Portfolio on June 12, 2025 and sell it today you would earn a total of 46.00 from holding Calvert Bond Portfolio or generate 3.22% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Franklin Government Money vs. Calvert Bond Portfolio
Performance |
| Timeline |
| Franklin Government Money |
| Calvert Bond Portfolio |
Franklin and Calvert Bond Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Franklin and Calvert Bond
The main advantage of trading using opposite Franklin and Calvert Bond positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Franklin position performs unexpectedly, Calvert Bond 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 Calvert Bond will offset losses from the drop in Calvert Bond's long position.| Franklin vs. Multisector Bond Sma | Franklin vs. Ab Bond Inflation | Franklin vs. Pace Strategic Fixed | Franklin vs. Enhanced Fixed Income |
| Calvert Bond vs. Versatile Bond Portfolio | Calvert Bond vs. Doubleline Total Return | Calvert Bond vs. Old Westbury Fixed | Calvert Bond vs. Artisan High Income |
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 CEOs Directory module to screen CEOs from public companies around the world.
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