Correlation Between Korea Closed and Virtus Global
Can any of the company-specific risk be diversified away by investing in both Korea Closed and Virtus Global 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 Korea Closed and Virtus Global into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Korea Closed and Virtus Global Infrastructure, you can compare the effects of market volatilities on Korea Closed and Virtus Global 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 Korea Closed with a short position of Virtus Global. Check out your portfolio center. Please also check ongoing floating volatility patterns of Korea Closed and Virtus Global.
Diversification Opportunities for Korea Closed and Virtus Global
0.68 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Korea and Virtus is 0.68. Overlapping area represents the amount of risk that can be diversified away by holding Korea Closed and Virtus Global Infrastructure in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Virtus Global Infras and Korea Closed 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 Korea Closed are associated (or correlated) with Virtus Global. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Virtus Global Infras has no effect on the direction of Korea Closed i.e., Korea Closed and Virtus Global go up and down completely randomly.
Pair Corralation between Korea Closed and Virtus Global
Allowing for the 90-day total investment horizon Korea Closed is expected to generate 3.04 times more return on investment than Virtus Global. However, Korea Closed is 3.04 times more volatile than Virtus Global Infrastructure. It trades about 0.23 of its potential returns per unit of risk. Virtus Global Infrastructure is currently generating about 0.11 per unit of risk. If you would invest 2,796 in Korea Closed on September 5, 2025 and sell it today you would earn a total of 765.00 from holding Korea Closed or generate 27.36% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Korea Closed vs. Virtus Global Infrastructure
Performance |
| Timeline |
| Korea Closed |
| Virtus Global Infras |
Korea Closed and Virtus Global Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Korea Closed and Virtus Global
The main advantage of trading using opposite Korea Closed and Virtus Global positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Korea Closed position performs unexpectedly, Virtus Global 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 Virtus Global will offset losses from the drop in Virtus Global's long position.| Korea Closed vs. New Germany Closed | Korea Closed vs. The Mexico Equity | Korea Closed vs. Central Europe Russia | Korea Closed vs. Aberdeen Australia Ef |
| Virtus Global vs. Aqr Diversified Arbitrage | Virtus Global vs. Eaton Vance Diversified | Virtus Global vs. Lord Abbett Diversified | Virtus Global vs. Pimco Diversified Income |
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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
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