Correlation Between Jhvit Core and Calvert Bond
Can any of the company-specific risk be diversified away by investing in both Jhvit Core 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 Jhvit Core and Calvert Bond into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Jhvit Core Bond and Calvert Bond Portfolio, you can compare the effects of market volatilities on Jhvit Core 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 Jhvit Core with a short position of Calvert Bond. Check out your portfolio center. Please also check ongoing floating volatility patterns of Jhvit Core and Calvert Bond.
Diversification Opportunities for Jhvit Core and Calvert Bond
0.98 | Correlation Coefficient |
Almost no diversification
The 3 months correlation between Jhvit and Calvert is 0.98. Overlapping area represents the amount of risk that can be diversified away by holding Jhvit Core Bond 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 Jhvit Core 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 Jhvit Core Bond 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 Jhvit Core i.e., Jhvit Core and Calvert Bond go up and down completely randomly.
Pair Corralation between Jhvit Core and Calvert Bond
Assuming the 90 days horizon Jhvit Core is expected to generate 1.24 times less return on investment than Calvert Bond. In addition to that, Jhvit Core is 1.01 times more volatile than Calvert Bond Portfolio. It trades about 0.07 of its total potential returns per unit of risk. Calvert Bond Portfolio is currently generating about 0.09 per unit of volatility. If you would invest 1,417 in Calvert Bond Portfolio on April 15, 2025 and sell it today you would earn a total of 22.00 from holding Calvert Bond Portfolio or generate 1.55% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Jhvit Core Bond vs. Calvert Bond Portfolio
Performance |
| Timeline |
| Jhvit Core Bond |
| Calvert Bond Portfolio |
Jhvit Core and Calvert Bond Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Jhvit Core and Calvert Bond
The main advantage of trading using opposite Jhvit Core and Calvert Bond positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Jhvit Core 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.| Jhvit Core vs. Vanguard Total Stock | Jhvit Core vs. Vanguard 500 Index | Jhvit Core vs. Vanguard Total Stock | Jhvit Core vs. Vanguard Total Stock |
| Calvert Bond vs. Tiaa Cref Inflation Linked Bond | Calvert Bond vs. The Hartford Inflation | Calvert Bond vs. Lord Abbett Inflation | Calvert Bond vs. Guggenheim Managed Futures |
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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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