Correlation Between Aig Government and Cornerstone Strategic
Can any of the company-specific risk be diversified away by investing in both Aig Government and Cornerstone Strategic 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 Aig Government and Cornerstone Strategic into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Aig Government Money and Cornerstone Strategic Value, you can compare the effects of market volatilities on Aig Government and Cornerstone Strategic 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 Aig Government with a short position of Cornerstone Strategic. Check out your portfolio center. Please also check ongoing floating volatility patterns of Aig Government and Cornerstone Strategic.
Diversification Opportunities for Aig Government and Cornerstone Strategic
0.58 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Aig and Cornerstone is 0.58. Overlapping area represents the amount of risk that can be diversified away by holding Aig Government Money and Cornerstone Strategic Value in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Cornerstone Strategic and Aig Government 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 Aig Government Money are associated (or correlated) with Cornerstone Strategic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cornerstone Strategic has no effect on the direction of Aig Government i.e., Aig Government and Cornerstone Strategic go up and down completely randomly.
Pair Corralation between Aig Government and Cornerstone Strategic
Assuming the 90 days horizon Aig Government is expected to generate 15.68 times less return on investment than Cornerstone Strategic. But when comparing it to its historical volatility, Aig Government Money is 8.27 times less risky than Cornerstone Strategic. It trades about 0.07 of its potential returns per unit of risk. Cornerstone Strategic Value is currently generating about 0.13 of returns per unit of risk over similar time horizon. If you would invest 785.00 in Cornerstone Strategic Value on September 11, 2025 and sell it today you would earn a total of 49.00 from holding Cornerstone Strategic Value or generate 6.24% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 98.44% |
| Values | Daily Returns |
Aig Government Money vs. Cornerstone Strategic Value
Performance |
| Timeline |
| Aig Government Money |
| Cornerstone Strategic |
Aig Government and Cornerstone Strategic Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Aig Government and Cornerstone Strategic
The main advantage of trading using opposite Aig Government and Cornerstone Strategic positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Aig Government position performs unexpectedly, Cornerstone Strategic 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 Cornerstone Strategic will offset losses from the drop in Cornerstone Strategic's long position.| Aig Government vs. Simt Multi Asset Accumulation | Aig Government vs. Saat Market Growth | Aig Government vs. Simt Real Return | Aig Government vs. Simt Small Cap |
| Cornerstone Strategic vs. Guggenheim Strategic Opportunities | Cornerstone Strategic vs. Cohen And Steers | Cornerstone Strategic vs. Eaton Vance Tax | Cornerstone Strategic vs. Fidelity Advisor Large |
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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Other Complementary Tools
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges |