Correlation Between John Hancock and Asg Managed
Can any of the company-specific risk be diversified away by investing in both John Hancock and Asg Managed 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 John Hancock and Asg Managed into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between John Hancock Money and Asg Managed Futures, you can compare the effects of market volatilities on John Hancock and Asg Managed 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 John Hancock with a short position of Asg Managed. Check out your portfolio center. Please also check ongoing floating volatility patterns of John Hancock and Asg Managed.
Diversification Opportunities for John Hancock and Asg Managed
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between John and Asg is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Money and Asg Managed Futures in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Asg Managed Futures and John Hancock 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 John Hancock Money are associated (or correlated) with Asg Managed. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Asg Managed Futures has no effect on the direction of John Hancock i.e., John Hancock and Asg Managed go up and down completely randomly.
Pair Corralation between John Hancock and Asg Managed
If you would invest 736.00 in Asg Managed Futures on August 25, 2025 and sell it today you would earn a total of 14.00 from holding Asg Managed Futures or generate 1.9% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
John Hancock Money vs. Asg Managed Futures
Performance |
| Timeline |
| John Hancock Money |
| Asg Managed Futures |
John Hancock and Asg Managed Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with John Hancock and Asg Managed
The main advantage of trading using opposite John Hancock and Asg Managed positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if John Hancock position performs unexpectedly, Asg Managed 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 Asg Managed will offset losses from the drop in Asg Managed's long position.| John Hancock vs. Gmo High Yield | John Hancock vs. Lord Abbett Short | John Hancock vs. T Rowe Price | John Hancock vs. Tax Exempt High Yield |
| Asg Managed vs. Blrc Sgy Mnp | Asg Managed vs. Nuveen California High | Asg Managed vs. T Rowe Price | Asg Managed vs. Strategic Enhanced Yield |
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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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