Correlation Between Sa Emerging and Dunham Real
Can any of the company-specific risk be diversified away by investing in both Sa Emerging and Dunham Real 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 Sa Emerging and Dunham Real into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Sa Emerging Markets and Dunham Real Estate, you can compare the effects of market volatilities on Sa Emerging and Dunham Real 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 Sa Emerging with a short position of Dunham Real. Check out your portfolio center. Please also check ongoing floating volatility patterns of Sa Emerging and Dunham Real.
Diversification Opportunities for Sa Emerging and Dunham Real
0.16 | Correlation Coefficient |
Average diversification
The 3 months correlation between SAEMX and Dunham is 0.16. Overlapping area represents the amount of risk that can be diversified away by holding Sa Emerging Markets and Dunham Real Estate in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Dunham Real Estate and Sa Emerging 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 Sa Emerging Markets are associated (or correlated) with Dunham Real. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Dunham Real Estate has no effect on the direction of Sa Emerging i.e., Sa Emerging and Dunham Real go up and down completely randomly.
Pair Corralation between Sa Emerging and Dunham Real
Assuming the 90 days horizon Sa Emerging Markets is expected to generate 0.64 times more return on investment than Dunham Real. However, Sa Emerging Markets is 1.57 times less risky than Dunham Real. It trades about 0.2 of its potential returns per unit of risk. Dunham Real Estate is currently generating about 0.03 per unit of risk. If you would invest 1,074 in Sa Emerging Markets on June 2, 2025 and sell it today you would earn a total of 89.00 from holding Sa Emerging Markets or generate 8.29% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Sa Emerging Markets vs. Dunham Real Estate
Performance |
| Timeline |
| Sa Emerging Markets |
| Dunham Real Estate |
Sa Emerging and Dunham Real Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Sa Emerging and Dunham Real
The main advantage of trading using opposite Sa Emerging and Dunham Real positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Sa Emerging position performs unexpectedly, Dunham Real 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 Dunham Real will offset losses from the drop in Dunham Real's long position.| Sa Emerging vs. Sa Value | Sa Emerging vs. Sa International Small | Sa Emerging vs. Sa International Value | Sa Emerging vs. Sa Mkt Fd |
| Dunham Real vs. Omni Small Cap Value | Dunham Real vs. Eagle Small Cap | Dunham Real vs. Smallcap Fund Fka | Dunham Real vs. Touchstone Small Cap |
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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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