Correlation Between Loomis Sayles and Siit High
Can any of the company-specific risk be diversified away by investing in both Loomis Sayles and Siit High 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 Siit High 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 Siit High Yield, you can compare the effects of market volatilities on Loomis Sayles and Siit High 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 Siit High. Check out your portfolio center. Please also check ongoing floating volatility patterns of Loomis Sayles and Siit High.
Diversification Opportunities for Loomis Sayles and Siit High
0.94 | Correlation Coefficient |
Almost no diversification
The 3 months correlation between Loomis and Siit is 0.94. Overlapping area represents the amount of risk that can be diversified away by holding Loomis Sayles Inflation and Siit High Yield in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Siit High Yield 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 Siit High. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Siit High Yield has no effect on the direction of Loomis Sayles i.e., Loomis Sayles and Siit High go up and down completely randomly.
Pair Corralation between Loomis Sayles and Siit High
Assuming the 90 days horizon Loomis Sayles Inflation is expected to generate 1.24 times more return on investment than Siit High. However, Loomis Sayles is 1.24 times more volatile than Siit High Yield. It trades about 0.28 of its potential returns per unit of risk. Siit High Yield is currently generating about 0.27 per unit of risk. If you would invest 950.00 in Loomis Sayles Inflation on June 10, 2025 and sell it today you would earn a total of 37.00 from holding Loomis Sayles Inflation or generate 3.89% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Loomis Sayles Inflation vs. Siit High Yield
Performance |
| Timeline |
| Loomis Sayles Inflation |
| Siit High Yield |
Loomis Sayles and Siit High Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Loomis Sayles and Siit High
The main advantage of trading using opposite Loomis Sayles and Siit High positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Loomis Sayles position performs unexpectedly, Siit High 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 Siit High will offset losses from the drop in Siit High's long position.| Loomis Sayles vs. Trowe Price Retirement | Loomis Sayles vs. American Funds Retirement | Loomis Sayles vs. Cornerstone Moderately Aggressive | Loomis Sayles vs. Deutsche Multi Asset Moderate |
| Siit High vs. Copeland Risk Managed | Siit High vs. Riskproreg Dynamic 0 10 | Siit High vs. Intal High Relative | Siit High vs. T Rowe Price |
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.
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