Correlation Between John Hancock and Tfa Alphagen
Can any of the company-specific risk be diversified away by investing in both John Hancock and Tfa Alphagen 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 Tfa Alphagen 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 Tfa Alphagen Growth, you can compare the effects of market volatilities on John Hancock and Tfa Alphagen 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 Tfa Alphagen. Check out your portfolio center. Please also check ongoing floating volatility patterns of John Hancock and Tfa Alphagen.
Diversification Opportunities for John Hancock and Tfa Alphagen
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between John and Tfa is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Money and Tfa Alphagen Growth in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Tfa Alphagen Growth 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 Tfa Alphagen. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Tfa Alphagen Growth has no effect on the direction of John Hancock i.e., John Hancock and Tfa Alphagen go up and down completely randomly.
Pair Corralation between John Hancock and Tfa Alphagen
If you would invest 1,236 in Tfa Alphagen Growth on September 9, 2025 and sell it today you would earn a total of 80.00 from holding Tfa Alphagen Growth or generate 6.47% 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. Tfa Alphagen Growth
Performance |
| Timeline |
| John Hancock Money |
| Tfa Alphagen Growth |
John Hancock and Tfa Alphagen Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with John Hancock and Tfa Alphagen
The main advantage of trading using opposite John Hancock and Tfa Alphagen positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if John Hancock position performs unexpectedly, Tfa Alphagen 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 Tfa Alphagen will offset losses from the drop in Tfa Alphagen's long position.| John Hancock vs. Blackrock Emerging Markets | John Hancock vs. Prudential Emerging Markets | John Hancock vs. Doubleline Emerging Markets | John Hancock vs. Johcm Emerging Markets |
| Tfa Alphagen vs. Federated Muni And | Tfa Alphagen vs. The National Tax Free | Tfa Alphagen vs. Morningstar Defensive Bond | Tfa Alphagen vs. Intermediate Term Bond 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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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