Correlation Between International Investors and Fs Multi-strategy
Can any of the company-specific risk be diversified away by investing in both International Investors and Fs Multi-strategy 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 International Investors and Fs Multi-strategy into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between International Investors Gold and Fs Multi Strategy Alt, you can compare the effects of market volatilities on International Investors and Fs Multi-strategy 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 International Investors with a short position of Fs Multi-strategy. Check out your portfolio center. Please also check ongoing floating volatility patterns of International Investors and Fs Multi-strategy.
Diversification Opportunities for International Investors and Fs Multi-strategy
0.36 | Correlation Coefficient |
Weak diversification
The 3 months correlation between International and FSMSX is 0.36. Overlapping area represents the amount of risk that can be diversified away by holding International Investors Gold and Fs Multi Strategy Alt in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Fs Multi Strategy and International Investors 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 International Investors Gold are associated (or correlated) with Fs Multi-strategy. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Fs Multi Strategy has no effect on the direction of International Investors i.e., International Investors and Fs Multi-strategy go up and down completely randomly.
Pair Corralation between International Investors and Fs Multi-strategy
Assuming the 90 days horizon International Investors Gold is expected to generate 11.89 times more return on investment than Fs Multi-strategy. However, International Investors is 11.89 times more volatile than Fs Multi Strategy Alt. It trades about 0.04 of its potential returns per unit of risk. Fs Multi Strategy Alt is currently generating about 0.22 per unit of risk. If you would invest 1,262 in International Investors Gold on April 17, 2025 and sell it today you would earn a total of 42.00 from holding International Investors Gold or generate 3.33% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 98.36% |
| Values | Daily Returns |
International Investors Gold vs. Fs Multi Strategy Alt
Performance |
| Timeline |
| International Investors |
| Fs Multi Strategy |
International Investors and Fs Multi-strategy Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with International Investors and Fs Multi-strategy
The main advantage of trading using opposite International Investors and Fs Multi-strategy positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if International Investors position performs unexpectedly, Fs Multi-strategy 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 Fs Multi-strategy will offset losses from the drop in Fs Multi-strategy's long position.| International Investors vs. Dana Large Cap | International Investors vs. Old Westbury Large | International Investors vs. Profunds Large Cap Growth | International Investors vs. Guidemark Large Cap |
| Fs Multi-strategy vs. Vanguard Global Equity | Fs Multi-strategy vs. Rbc Global Equity | Fs Multi-strategy vs. Investec Global Franchise | Fs Multi-strategy vs. Alliancebernstein Global Highome |
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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Other Complementary Tools
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA |