Correlation Between Loomis Sayles and Calvert Capital
Can any of the company-specific risk be diversified away by investing in both Loomis Sayles and Calvert Capital 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 Loomis Sayles and Calvert Capital into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Loomis Sayles Inflation and Calvert Capital Accumulation, you can compare the effects of market volatilities on Loomis Sayles and Calvert Capital 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 Loomis Sayles with a short position of Calvert Capital. Check out your portfolio center. Please also check ongoing floating volatility patterns of Loomis Sayles and Calvert Capital.
Diversification Opportunities for Loomis Sayles and Calvert Capital
0.74 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Loomis and Calvert is 0.74. Overlapping area represents the amount of risk that can be diversified away by holding Loomis Sayles Inflation and Calvert Capital Accumulation in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Calvert Capital Accu and Loomis Sayles 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 Loomis Sayles Inflation are associated (or correlated) with Calvert Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Calvert Capital Accu has no effect on the direction of Loomis Sayles i.e., Loomis Sayles and Calvert Capital go up and down completely randomly.
Pair Corralation between Loomis Sayles and Calvert Capital
Assuming the 90 days horizon Loomis Sayles is expected to generate 1.02 times less return on investment than Calvert Capital. But when comparing it to its historical volatility, Loomis Sayles Inflation is 3.73 times less risky than Calvert Capital. It trades about 0.28 of its potential returns per unit of risk. Calvert Capital Accumulation is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest 3,717 in Calvert Capital Accumulation on June 8, 2025 and sell it today you would earn a total of 145.00 from holding Calvert Capital Accumulation or generate 3.9% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Loomis Sayles Inflation vs. Calvert Capital Accumulation
Performance |
| Timeline |
| Loomis Sayles Inflation |
| Calvert Capital Accu |
Loomis Sayles and Calvert Capital Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Loomis Sayles and Calvert Capital
The main advantage of trading using opposite Loomis Sayles and Calvert Capital positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Loomis Sayles position performs unexpectedly, Calvert Capital 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 Capital will offset losses from the drop in Calvert Capital's long position.| Loomis Sayles vs. Loomis Sayles Inflation | Loomis Sayles vs. Loomis Sayles Bond | Loomis Sayles vs. Loomis Sayles Bond | Loomis Sayles vs. Loomis Sayles Bond |
| Calvert Capital vs. Calvert Large Cap | Calvert Capital vs. Calvert Developed Market | Calvert Capital vs. Calvert Small Cap | Calvert Capital vs. Blackrock Smallmid Cap |
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 Commodity Directory module to find actively traded commodities issued by global exchanges.
Other Complementary Tools
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance |