Correlation Between Midas Fund and Vanguard
Can any of the company-specific risk be diversified away by investing in both Midas Fund and Vanguard 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 Midas Fund and Vanguard into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Midas Fund Midas and Vanguard Growth Fund, you can compare the effects of market volatilities on Midas Fund and Vanguard 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 Midas Fund with a short position of Vanguard. Check out your portfolio center. Please also check ongoing floating volatility patterns of Midas Fund and Vanguard.
Diversification Opportunities for Midas Fund and Vanguard
0.16 | Correlation Coefficient |
Average diversification
The 3 months correlation between MIDAS and Vanguard is 0.16. Overlapping area represents the amount of risk that can be diversified away by holding Midas Fund Midas and Vanguard Growth Fund in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Vanguard Growth and Midas Fund 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 Midas Fund Midas are associated (or correlated) with Vanguard. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Vanguard Growth has no effect on the direction of Midas Fund i.e., Midas Fund and Vanguard go up and down completely randomly.
Pair Corralation between Midas Fund and Vanguard
Assuming the 90 days horizon Midas Fund Midas is expected to generate 2.38 times more return on investment than Vanguard. However, Midas Fund is 2.38 times more volatile than Vanguard Growth Fund. It trades about 0.18 of its potential returns per unit of risk. Vanguard Growth Fund is currently generating about 0.06 per unit of risk. If you would invest 246.00 in Midas Fund Midas on August 29, 2025 and sell it today you would earn a total of 79.00 from holding Midas Fund Midas or generate 32.11% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Midas Fund Midas vs. Vanguard Growth Fund
Performance |
| Timeline |
| Midas Fund Midas |
| Vanguard Growth |
Midas Fund and Vanguard Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Midas Fund and Vanguard
The main advantage of trading using opposite Midas Fund and Vanguard positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Midas Fund position performs unexpectedly, Vanguard 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 Vanguard will offset losses from the drop in Vanguard's long position.| Midas Fund vs. Diamond Hill Long Short | Midas Fund vs. Cmg Ultra Short | Midas Fund vs. Alpine Ultra Short | Midas Fund vs. Calvert Short Duration |
| Vanguard vs. Sterling Capital Behavioral | Vanguard vs. The Hartford Growth | Vanguard vs. Federated Global Allocation | Vanguard vs. Principal Lifetime Hybrid |
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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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