Correlation Between Amg Timessquare and Columbia Seligman
Can any of the company-specific risk be diversified away by investing in both Amg Timessquare and Columbia Seligman 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 Timessquare and Columbia Seligman into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Amg Timessquare Mid and Columbia Seligman Global, you can compare the effects of market volatilities on Amg Timessquare and Columbia Seligman 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 Timessquare with a short position of Columbia Seligman. Check out your portfolio center. Please also check ongoing floating volatility patterns of Amg Timessquare and Columbia Seligman.
Diversification Opportunities for Amg Timessquare and Columbia Seligman
0.17 | Correlation Coefficient |
Average diversification
The 3 months correlation between Amg and COLUMBIA is 0.17. Overlapping area represents the amount of risk that can be diversified away by holding Amg Timessquare Mid and Columbia Seligman Global in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Columbia Seligman Global and Amg Timessquare 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 Timessquare Mid are associated (or correlated) with Columbia Seligman. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Columbia Seligman Global has no effect on the direction of Amg Timessquare i.e., Amg Timessquare and Columbia Seligman go up and down completely randomly.
Pair Corralation between Amg Timessquare and Columbia Seligman
Assuming the 90 days horizon Amg Timessquare Mid is expected to under-perform the Columbia Seligman. But the mutual fund apears to be less risky and, when comparing its historical volatility, Amg Timessquare Mid is 1.75 times less risky than Columbia Seligman. The mutual fund trades about -0.02 of its potential returns per unit of risk. The Columbia Seligman Global is currently generating about 0.14 of returns per unit of risk over similar time horizon. If you would invest 4,600 in Columbia Seligman Global on August 29, 2025 and sell it today you would earn a total of 757.00 from holding Columbia Seligman Global or generate 16.46% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Amg Timessquare Mid vs. Columbia Seligman Global
Performance |
| Timeline |
| Amg Timessquare Mid |
| Columbia Seligman Global |
Amg Timessquare and Columbia Seligman Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Amg Timessquare and Columbia Seligman
The main advantage of trading using opposite Amg Timessquare and Columbia Seligman positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Amg Timessquare position performs unexpectedly, Columbia Seligman 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 Columbia Seligman will offset losses from the drop in Columbia Seligman's long position.| Amg Timessquare vs. Ab Municipal Bond | Amg Timessquare vs. Goldman Sachs Managed | Amg Timessquare vs. Nationwide Inflation Protected Securities | Amg Timessquare vs. The Hartford Inflation |
| Columbia Seligman vs. Pgim Conservative Retirement | Columbia Seligman vs. Manning Napier Diversified | Columbia Seligman vs. Diversified Bond Fund | Columbia Seligman vs. Diversified Bond Fund |
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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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