Correlation Between Eagle Growth and Federated Floating
Can any of the company-specific risk be diversified away by investing in both Eagle Growth and Federated Floating 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 Eagle Growth and Federated Floating into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Eagle Growth Income and Federated Floating Rate, you can compare the effects of market volatilities on Eagle Growth and Federated Floating 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 Eagle Growth with a short position of Federated Floating. Check out your portfolio center. Please also check ongoing floating volatility patterns of Eagle Growth and Federated Floating.
Diversification Opportunities for Eagle Growth and Federated Floating
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Eagle and Federated is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Eagle Growth Income and Federated Floating Rate in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Federated Floating Rate and Eagle Growth 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 Eagle Growth Income are associated (or correlated) with Federated Floating. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Federated Floating Rate has no effect on the direction of Eagle Growth i.e., Eagle Growth and Federated Floating go up and down completely randomly.
Pair Corralation between Eagle Growth and Federated Floating
If you would invest 1,931 in Eagle Growth Income on June 11, 2025 and sell it today you would earn a total of 135.00 from holding Eagle Growth Income or generate 6.99% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Eagle Growth Income vs. Federated Floating Rate
Performance |
| Timeline |
| Eagle Growth Income |
| Federated Floating Rate |
Risk-Adjusted Performance
Good
Weak | Strong |
Eagle Growth and Federated Floating Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Eagle Growth and Federated Floating
The main advantage of trading using opposite Eagle Growth and Federated Floating positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Eagle Growth position performs unexpectedly, Federated Floating 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 Federated Floating will offset losses from the drop in Federated Floating's long position.| Eagle Growth vs. Lifestyle Ii Moderate | Eagle Growth vs. Multimanager Lifestyle Moderate | Eagle Growth vs. Retirement Living Through | Eagle Growth vs. Dimensional Retirement Income |
| Federated Floating vs. John Hancock Money | Federated Floating vs. Franklin Government Money | Federated Floating vs. Financials Ultrasector Profund | Federated Floating vs. Matson Money Equity |
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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
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