Correlation Between James Balanced: and Intech Us
Can any of the company-specific risk be diversified away by investing in both James Balanced: and Intech Us 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 James Balanced: and Intech Us into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between James Balanced Golden and Intech Managed Volatility, you can compare the effects of market volatilities on James Balanced: and Intech Us 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 James Balanced: with a short position of Intech Us. Check out your portfolio center. Please also check ongoing floating volatility patterns of James Balanced: and Intech Us.
Diversification Opportunities for James Balanced: and Intech Us
0.98 | Correlation Coefficient |
Almost no diversification
The 3 months correlation between James and Intech is 0.98. Overlapping area represents the amount of risk that can be diversified away by holding James Balanced Golden and Intech Managed Volatility in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intech Managed Volatility and James Balanced: 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 James Balanced Golden are associated (or correlated) with Intech Us. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Intech Managed Volatility has no effect on the direction of James Balanced: i.e., James Balanced: and Intech Us go up and down completely randomly.
Pair Corralation between James Balanced: and Intech Us
Assuming the 90 days horizon James Balanced: is expected to generate 1.18 times less return on investment than Intech Us. But when comparing it to its historical volatility, James Balanced Golden is 1.7 times less risky than Intech Us. It trades about 0.31 of its potential returns per unit of risk. Intech Managed Volatility is currently generating about 0.22 of returns per unit of risk over similar time horizon. If you would invest 1,190 in Intech Managed Volatility on May 29, 2025 and sell it today you would earn a total of 90.00 from holding Intech Managed Volatility or generate 7.56% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
James Balanced Golden vs. Intech Managed Volatility
Performance |
| Timeline |
| James Balanced Golden |
| Intech Managed Volatility |
James Balanced: and Intech Us Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with James Balanced: and Intech Us
The main advantage of trading using opposite James Balanced: and Intech Us positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if James Balanced: position performs unexpectedly, Intech Us 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 Intech Us will offset losses from the drop in Intech Us' long position.| James Balanced: vs. Permanent Portfolio Class | James Balanced: vs. Berwyn Income Fund | James Balanced: vs. Large Cap Fund | James Balanced: vs. Westcore Plus Bond |
| Intech Us vs. Janus Balanced Fund | Intech Us vs. Janus Forty Fund | Intech Us vs. Janus Enterprise Fund | Intech Us vs. Janus Overseas 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 Stocks Directory module to find actively traded stocks across global markets.
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