Correlation Between Aig Government and Rbc Bluebay
Can any of the company-specific risk be diversified away by investing in both Aig Government and Rbc Bluebay 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 Rbc Bluebay 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 Rbc Bluebay Emerging, you can compare the effects of market volatilities on Aig Government and Rbc Bluebay 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 Rbc Bluebay. Check out your portfolio center. Please also check ongoing floating volatility patterns of Aig Government and Rbc Bluebay.
Diversification Opportunities for Aig Government and Rbc Bluebay
0.91 | Correlation Coefficient |
Almost no diversification
The 3 months correlation between Aig and Rbc is 0.91. Overlapping area represents the amount of risk that can be diversified away by holding Aig Government Money and Rbc Bluebay Emerging in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Rbc Bluebay Emerging 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 Rbc Bluebay. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Rbc Bluebay Emerging has no effect on the direction of Aig Government i.e., Aig Government and Rbc Bluebay go up and down completely randomly.
Pair Corralation between Aig Government and Rbc Bluebay
Assuming the 90 days horizon Aig Government Money is not expected to generate positive returns. However, Aig Government Money is 2.24 times less risky than Rbc Bluebay. It waists most of its returns potential to compensate for thr risk taken. Rbc Bluebay is generating about 0.28 per unit of risk. If you would invest 866.00 in Rbc Bluebay Emerging on September 5, 2025 and sell it today you would earn a total of 7.00 from holding Rbc Bluebay Emerging or generate 0.81% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Aig Government Money vs. Rbc Bluebay Emerging
Performance |
| Timeline |
| Aig Government Money |
| Rbc Bluebay Emerging |
Aig Government and Rbc Bluebay Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Aig Government and Rbc Bluebay
The main advantage of trading using opposite Aig Government and Rbc Bluebay positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Aig Government position performs unexpectedly, Rbc Bluebay 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 Rbc Bluebay will offset losses from the drop in Rbc Bluebay's long position.| Aig Government vs. Voya Real Estate | Aig Government vs. Prudential Real Estate | Aig Government vs. Virtus Real Estate | Aig Government vs. Tiaa Cref Real Estate |
| Rbc Bluebay vs. Oppenheimer Gold Special | Rbc Bluebay vs. Vy Goldman Sachs | Rbc Bluebay vs. International Investors Gold | Rbc Bluebay vs. Deutsche Gold Precious |
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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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