Correlation Between Catholic Responsible and Quantitative

Can any of the company-specific risk be diversified away by investing in both Catholic Responsible and Quantitative 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 Catholic Responsible and Quantitative into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Catholic Responsible Investments and Quantitative U S, you can compare the effects of market volatilities on Catholic Responsible and Quantitative 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 Catholic Responsible with a short position of Quantitative. Check out your portfolio center. Please also check ongoing floating volatility patterns of Catholic Responsible and Quantitative.

Diversification Opportunities for Catholic Responsible and Quantitative

0.77

Correlation Coefficient

Catholic Responsible  Quantitative

Poor diversification

The 3 months correlation between Catholic and Quantitative is 0.77. Overlapping area represents the amount of risk that can be diversified away by holding Catholic Responsible Investmen and Quantitative U S in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Quantitative U S and Catholic Responsible 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 Catholic Responsible Investments are associated (or correlated) with Quantitative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Quantitative U S has no effect on the direction of Catholic Responsible i.e., Catholic Responsible and Quantitative go up and down completely randomly.

Pair Corralation between Catholic Responsible and Quantitative

Assuming the 90 days horizon Catholic Responsible is expected to generate 3.73 times less return on investment than Quantitative. But when comparing it to its historical volatility, Catholic Responsible Investments is 1.16 times less risky than Quantitative. It trades about 0.03 of its potential returns per unit of risk. Quantitative U S is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest  1,298  in Quantitative U S on July 22, 2025 and sell it today you would earn a total of  51.00  from holding Quantitative U S or generate 3.93% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Significant
Accuracy	100.0%
Values	Daily Returns

Catholic Responsible Investmen  vs.  Quantitative U S

Catholic Responsible

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Catholic Responsible Investments are ranked lower than 2 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Catholic Responsible is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Quantitative U S

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in Quantitative U S are ranked lower than 6 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Quantitative is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Catholic Responsible and Quantitative

The main advantage of trading using opposite Catholic Responsible and Quantitative positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Catholic Responsible position performs unexpectedly, Quantitative 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 Quantitative will offset losses from the drop in Quantitative's long position.

The idea behind Catholic Responsible Investments and Quantitative U S pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.