Correlation Between Mesirow Financial and Loomis Sayles
Can any of the company-specific risk be diversified away by investing in both Mesirow Financial and Loomis Sayles 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 Mesirow Financial and Loomis Sayles into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Mesirow Financial High and Loomis Sayles Small, you can compare the effects of market volatilities on Mesirow Financial and Loomis Sayles 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 Mesirow Financial with a short position of Loomis Sayles. Check out your portfolio center. Please also check ongoing floating volatility patterns of Mesirow Financial and Loomis Sayles.
Diversification Opportunities for Mesirow Financial and Loomis Sayles
-0.01 | Correlation Coefficient |
Good diversification
The 3 months correlation between MESIROW and Loomis is -0.01. Overlapping area represents the amount of risk that can be diversified away by holding Mesirow Financial High and Loomis Sayles Small in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Loomis Sayles Small and Mesirow Financial 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 Mesirow Financial High are associated (or correlated) with Loomis Sayles. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Loomis Sayles Small has no effect on the direction of Mesirow Financial i.e., Mesirow Financial and Loomis Sayles go up and down completely randomly.
Pair Corralation between Mesirow Financial and Loomis Sayles
Assuming the 90 days horizon Mesirow Financial High is expected to under-perform the Loomis Sayles. But the mutual fund apears to be less risky and, when comparing its historical volatility, Mesirow Financial High is 5.73 times less risky than Loomis Sayles. The mutual fund trades about -0.12 of its potential returns per unit of risk. The Loomis Sayles Small is currently generating about 0.02 of returns per unit of risk over similar time horizon. If you would invest 3,044 in Loomis Sayles Small on September 4, 2025 and sell it today you would earn a total of 33.00 from holding Loomis Sayles Small or generate 1.08% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Mesirow Financial High vs. Loomis Sayles Small
Performance |
| Timeline |
| Mesirow Financial High |
| Loomis Sayles Small |
Mesirow Financial and Loomis Sayles Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Mesirow Financial and Loomis Sayles
The main advantage of trading using opposite Mesirow Financial and Loomis Sayles positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Mesirow Financial position performs unexpectedly, Loomis Sayles 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 Loomis Sayles will offset losses from the drop in Loomis Sayles' long position.| Mesirow Financial vs. Balanced Fund Retail | Mesirow Financial vs. Ab E Opportunities | Mesirow Financial vs. Gmo Quality Fund | Mesirow Financial vs. Nuveen Nwq Large Cap |
| Loomis Sayles vs. Loomis Sayles Investment | Loomis Sayles vs. Loomis Sayles Global | Loomis Sayles vs. Loomis Sayles Global | Loomis Sayles vs. Loomis Sayles Growth |
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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Other Complementary Tools
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity |