Correlation Between BlackRock ESG and Cleartrack 2050

Can any of the company-specific risk be diversified away by investing in both BlackRock ESG and Cleartrack 2050 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 BlackRock ESG and Cleartrack 2050 into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between BlackRock ESG Capital and Cleartrack 2050 Class, you can compare the effects of market volatilities on BlackRock ESG and Cleartrack 2050 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 BlackRock ESG with a short position of Cleartrack 2050. Check out your portfolio center. Please also check ongoing floating volatility patterns of BlackRock ESG and Cleartrack 2050.

Diversification Opportunities for BlackRock ESG and Cleartrack 2050

0.0

Correlation Coefficient

BlackRock ESG  Cleartrack 2050

Pay attention - limited upside

The 3 months correlation between BlackRock and Cleartrack is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding BlackRock ESG Capital and Cleartrack 2050 Class in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Cleartrack 2050 Class and BlackRock ESG 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 BlackRock ESG Capital are associated (or correlated) with Cleartrack 2050. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cleartrack 2050 Class has no effect on the direction of BlackRock ESG i.e., BlackRock ESG and Cleartrack 2050 go up and down completely randomly.

Pair Corralation between BlackRock ESG and Cleartrack 2050

If you would invest  1,488  in BlackRock ESG Capital on May 5, 2025 and sell it today you would earn a total of  137.00  from holding BlackRock ESG Capital or generate 9.21% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	1.59%
Values	Daily Returns

BlackRock ESG Capital  vs.  Cleartrack 2050 Class

BlackRock ESG Capital

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in BlackRock ESG Capital are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively uncertain basic indicators, BlackRock ESG may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Cleartrack 2050 Class

Risk-Adjusted Performance

Very Weak

Over the last 90 days Cleartrack 2050 Class has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Cleartrack 2050 is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with BlackRock ESG and Cleartrack 2050

The main advantage of trading using opposite BlackRock ESG and Cleartrack 2050 positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if BlackRock ESG position performs unexpectedly, Cleartrack 2050 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 Cleartrack 2050 will offset losses from the drop in Cleartrack 2050's long position.

The idea behind BlackRock ESG Capital and Cleartrack 2050 Class 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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.