Correlation Between Qs Growth and Franklin Real
Can any of the company-specific risk be diversified away by investing in both Qs Growth and Franklin Real 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 Qs Growth and Franklin Real into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Qs Growth Fund and Franklin Real Estate, you can compare the effects of market volatilities on Qs Growth and Franklin Real 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 Qs Growth with a short position of Franklin Real. Check out your portfolio center. Please also check ongoing floating volatility patterns of Qs Growth and Franklin Real.
Diversification Opportunities for Qs Growth and Franklin Real
-0.06 | Correlation Coefficient |
Good diversification
The 3 months correlation between LANIX and Franklin is -0.06. Overlapping area represents the amount of risk that can be diversified away by holding Qs Growth Fund and Franklin Real Estate in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Franklin Real Estate and Qs Growth 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 Qs Growth Fund are associated (or correlated) with Franklin Real. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Franklin Real Estate has no effect on the direction of Qs Growth i.e., Qs Growth and Franklin Real go up and down completely randomly.
Pair Corralation between Qs Growth and Franklin Real
Assuming the 90 days horizon Qs Growth Fund is expected to generate 0.69 times more return on investment than Franklin Real. However, Qs Growth Fund is 1.44 times less risky than Franklin Real. It trades about 0.19 of its potential returns per unit of risk. Franklin Real Estate is currently generating about 0.02 per unit of risk. If you would invest 1,684 in Qs Growth Fund on June 2, 2025 and sell it today you would earn a total of 115.00 from holding Qs Growth Fund or generate 6.83% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Qs Growth Fund vs. Franklin Real Estate
Performance |
| Timeline |
| Qs Growth Fund |
| Franklin Real Estate |
Qs Growth and Franklin Real Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Qs Growth and Franklin Real
The main advantage of trading using opposite Qs Growth and Franklin Real positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Qs Growth position performs unexpectedly, Franklin Real 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 Franklin Real will offset losses from the drop in Franklin Real's long position.| Qs Growth vs. Pimco Inflation Response | Qs Growth vs. Great West Inflation Protected Securities | Qs Growth vs. Cref Inflation Linked Bond | Qs Growth vs. Tiaa Cref Inflation Link |
| Franklin Real vs. Realty Income | Franklin Real vs. Dynex Capital | Franklin Real vs. First Industrial Realty | Franklin Real vs. Healthcare Realty Trust |
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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Other Complementary Tools
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency |