Correlation Between Saat Market and Cullen Enhanced
Can any of the company-specific risk be diversified away by investing in both Saat Market and Cullen Enhanced 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 Saat Market and Cullen Enhanced into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Saat Market Growth and Cullen Enhanced Equity, you can compare the effects of market volatilities on Saat Market and Cullen Enhanced 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 Saat Market with a short position of Cullen Enhanced. Check out your portfolio center. Please also check ongoing floating volatility patterns of Saat Market and Cullen Enhanced.
Diversification Opportunities for Saat Market and Cullen Enhanced
0.3 | Correlation Coefficient |
Weak diversification
The 3 months correlation between Saat and Cullen is 0.3. Overlapping area represents the amount of risk that can be diversified away by holding Saat Market Growth and Cullen Enhanced Equity in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Cullen Enhanced Equity and Saat Market 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 Saat Market Growth are associated (or correlated) with Cullen Enhanced. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cullen Enhanced Equity has no effect on the direction of Saat Market i.e., Saat Market and Cullen Enhanced go up and down completely randomly.
Pair Corralation between Saat Market and Cullen Enhanced
Assuming the 90 days horizon Saat Market Growth is expected to generate 0.97 times more return on investment than Cullen Enhanced. However, Saat Market Growth is 1.03 times less risky than Cullen Enhanced. It trades about 0.09 of its potential returns per unit of risk. Cullen Enhanced Equity is currently generating about 0.03 per unit of risk. If you would invest 3,074 in Saat Market Growth on September 6, 2025 and sell it today you would earn a total of 105.00 from holding Saat Market Growth or generate 3.42% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Saat Market Growth vs. Cullen Enhanced Equity
Performance |
| Timeline |
| Saat Market Growth |
| Cullen Enhanced Equity |
Saat Market and Cullen Enhanced Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Saat Market and Cullen Enhanced
The main advantage of trading using opposite Saat Market and Cullen Enhanced positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Saat Market position performs unexpectedly, Cullen Enhanced 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 Cullen Enhanced will offset losses from the drop in Cullen Enhanced's long position.| Saat Market vs. Rems Real Estate | Saat Market vs. Short Real Estate | Saat Market vs. Nuveen Real Estate | Saat Market vs. Jhancock Real Estate |
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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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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