Correlation Between WSFS Financial and Oaktree Capital
Can any of the company-specific risk be diversified away by investing in both WSFS Financial and Oaktree Capital 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 WSFS Financial and Oaktree Capital into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between WSFS Financial and Oaktree Capital Group, you can compare the effects of market volatilities on WSFS Financial and Oaktree Capital 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 WSFS Financial with a short position of Oaktree Capital. Check out your portfolio center. Please also check ongoing floating volatility patterns of WSFS Financial and Oaktree Capital.
Diversification Opportunities for WSFS Financial and Oaktree Capital
-0.56 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between WSFS and Oaktree is -0.56. Overlapping area represents the amount of risk that can be diversified away by holding WSFS Financial and Oaktree Capital Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Oaktree Capital Group and WSFS Financial 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 WSFS Financial are associated (or correlated) with Oaktree Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Oaktree Capital Group has no effect on the direction of WSFS Financial i.e., WSFS Financial and Oaktree Capital go up and down completely randomly.
Pair Corralation between WSFS Financial and Oaktree Capital
Given the investment horizon of 90 days WSFS Financial is expected to under-perform the Oaktree Capital. In addition to that, WSFS Financial is 1.79 times more volatile than Oaktree Capital Group. It trades about -0.1 of its total potential returns per unit of risk. Oaktree Capital Group is currently generating about -0.11 per unit of volatility. If you would invest 2,098 in Oaktree Capital Group on October 5, 2025 and sell it today you would lose (23.00) from holding Oaktree Capital Group or give up 1.1% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
WSFS Financial vs. Oaktree Capital Group
Performance |
| Timeline |
| WSFS Financial |
| Oaktree Capital Group |
WSFS Financial and Oaktree Capital Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with WSFS Financial and Oaktree Capital
The main advantage of trading using opposite WSFS Financial and Oaktree Capital positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if WSFS Financial position performs unexpectedly, Oaktree Capital 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 Oaktree Capital will offset losses from the drop in Oaktree Capital's long position.| WSFS Financial vs. WesBanco | WSFS Financial vs. The Bancorp | WSFS Financial vs. BankUnited | WSFS Financial vs. Community Bank System |
| Oaktree Capital vs. Oaktree Capital Group | Oaktree Capital vs. Eagle Point Credit | Oaktree Capital vs. Brookfield Business Corp | Oaktree Capital vs. Burford Capital |
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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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