Correlation Between Martin Currie and Doubleline Infrastructure
Can any of the company-specific risk be diversified away by investing in both Martin Currie and Doubleline Infrastructure 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 Martin Currie and Doubleline Infrastructure into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Martin Currie Emerging and Doubleline Infrastructure Income, you can compare the effects of market volatilities on Martin Currie and Doubleline Infrastructure 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 Martin Currie with a short position of Doubleline Infrastructure. Check out your portfolio center. Please also check ongoing floating volatility patterns of Martin Currie and Doubleline Infrastructure.
Diversification Opportunities for Martin Currie and Doubleline Infrastructure
0.78 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Martin and Doubleline is 0.78. Overlapping area represents the amount of risk that can be diversified away by holding Martin Currie Emerging and Doubleline Infrastructure Inco in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Doubleline Infrastructure and Martin Currie 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 Martin Currie Emerging are associated (or correlated) with Doubleline Infrastructure. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Doubleline Infrastructure has no effect on the direction of Martin Currie i.e., Martin Currie and Doubleline Infrastructure go up and down completely randomly.
Pair Corralation between Martin Currie and Doubleline Infrastructure
Assuming the 90 days horizon Martin Currie Emerging is expected to generate 5.85 times more return on investment than Doubleline Infrastructure. However, Martin Currie is 5.85 times more volatile than Doubleline Infrastructure Income. It trades about 0.19 of its potential returns per unit of risk. Doubleline Infrastructure Income is currently generating about 0.16 per unit of risk. If you would invest 1,397 in Martin Currie Emerging on September 2, 2025 and sell it today you would earn a total of 183.00 from holding Martin Currie Emerging or generate 13.1% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Martin Currie Emerging vs. Doubleline Infrastructure Inco
Performance |
| Timeline |
| Martin Currie Emerging |
| Doubleline Infrastructure |
Martin Currie and Doubleline Infrastructure Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Martin Currie and Doubleline Infrastructure
The main advantage of trading using opposite Martin Currie and Doubleline Infrastructure positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Martin Currie position performs unexpectedly, Doubleline Infrastructure 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 Doubleline Infrastructure will offset losses from the drop in Doubleline Infrastructure's long position.| Martin Currie vs. Aqr Risk Parity | Martin Currie vs. Calvert Aggressive Allocation | Martin Currie vs. California High Yield Municipal | Martin Currie vs. Intal High Relative |
| Doubleline Infrastructure vs. Global Real Estate | Doubleline Infrastructure vs. Global Real Estate | Doubleline Infrastructure vs. Jhancock Real Estate | Doubleline Infrastructure vs. Voya Real Estate |
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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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