Correlation Between God Bless and Franklin FTSE
Can any of the company-specific risk be diversified away by investing in both God Bless and Franklin FTSE 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 God Bless and Franklin FTSE into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between God Bless America and Franklin FTSE Japan, you can compare the effects of market volatilities on God Bless and Franklin FTSE 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 God Bless with a short position of Franklin FTSE. Check out your portfolio center. Please also check ongoing floating volatility patterns of God Bless and Franklin FTSE.
Diversification Opportunities for God Bless and Franklin FTSE
-0.42 | Correlation Coefficient |
Very good diversification
The 3 months correlation between God and Franklin is -0.42. Overlapping area represents the amount of risk that can be diversified away by holding God Bless America and Franklin FTSE Japan in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Franklin FTSE Japan and God Bless 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 God Bless America are associated (or correlated) with Franklin FTSE. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Franklin FTSE Japan has no effect on the direction of God Bless i.e., God Bless and Franklin FTSE go up and down completely randomly.
Pair Corralation between God Bless and Franklin FTSE
Given the investment horizon of 90 days God Bless America is expected to under-perform the Franklin FTSE. But the etf apears to be less risky and, when comparing its historical volatility, God Bless America is 1.09 times less risky than Franklin FTSE. The etf trades about -0.05 of its potential returns per unit of risk. The Franklin FTSE Japan is currently generating about 0.05 of returns per unit of risk over similar time horizon. If you would invest 3,690 in Franklin FTSE Japan on October 7, 2025 and sell it today you would earn a total of 97.00 from holding Franklin FTSE Japan or generate 2.63% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
God Bless America vs. Franklin FTSE Japan
Performance |
| Timeline |
| God Bless America |
| Franklin FTSE Japan |
God Bless and Franklin FTSE Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with God Bless and Franklin FTSE
The main advantage of trading using opposite God Bless and Franklin FTSE positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if God Bless position performs unexpectedly, Franklin FTSE 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 Franklin FTSE will offset losses from the drop in Franklin FTSE's long position.| God Bless vs. Cabana Target Leading | God Bless vs. AIM ETF Products | God Bless vs. Amplify BlueStar Israel | God Bless vs. Return Stacked Bonds |
| Franklin FTSE vs. iShares JPX Nikkei 400 | Franklin FTSE vs. Franklin FTSE Europe | Franklin FTSE vs. iShares ESG Screened | Franklin FTSE vs. Invesco SP SmallCap |
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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
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