Correlation Between Amg Managers and Calvert Bond
Can any of the company-specific risk be diversified away by investing in both Amg Managers and Calvert Bond 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 Amg Managers and Calvert Bond into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Amg Managers Centersquare and Calvert Bond Portfolio, you can compare the effects of market volatilities on Amg Managers and Calvert Bond 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 Amg Managers with a short position of Calvert Bond. Check out your portfolio center. Please also check ongoing floating volatility patterns of Amg Managers and Calvert Bond.
Diversification Opportunities for Amg Managers and Calvert Bond
0.45 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Amg and Calvert is 0.45. Overlapping area represents the amount of risk that can be diversified away by holding Amg Managers Centersquare and Calvert Bond Portfolio in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Calvert Bond Portfolio and Amg Managers 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 Amg Managers Centersquare are associated (or correlated) with Calvert Bond. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Calvert Bond Portfolio has no effect on the direction of Amg Managers i.e., Amg Managers and Calvert Bond go up and down completely randomly.
Pair Corralation between Amg Managers and Calvert Bond
Assuming the 90 days horizon Amg Managers Centersquare is expected to generate 2.95 times more return on investment than Calvert Bond. However, Amg Managers is 2.95 times more volatile than Calvert Bond Portfolio. It trades about 0.1 of its potential returns per unit of risk. Calvert Bond Portfolio is currently generating about 0.12 per unit of risk. If you would invest 1,087 in Amg Managers Centersquare on April 13, 2025 and sell it today you would earn a total of 55.00 from holding Amg Managers Centersquare or generate 5.06% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Amg Managers Centersquare vs. Calvert Bond Portfolio
Performance |
| Timeline |
| Amg Managers Centersquare |
| Calvert Bond Portfolio |
Amg Managers and Calvert Bond Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Amg Managers and Calvert Bond
The main advantage of trading using opposite Amg Managers and Calvert Bond positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Amg Managers position performs unexpectedly, Calvert Bond 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 Bond will offset losses from the drop in Calvert Bond's long position.| Amg Managers vs. American Funds Retirement | Amg Managers vs. Deutsche Multi Asset Moderate | Amg Managers vs. Strategic Allocation Moderate | Amg Managers vs. Fidelity Managed Retirement |
| Calvert Bond vs. Gabelli Gold Fund | Calvert Bond vs. Gold And Precious | Calvert Bond vs. Gamco Global Gold | Calvert Bond vs. Vy Goldman Sachs |
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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Other Complementary Tools
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm |