Correlation Between Eagle Pointome and Barings Corporate

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

By analyzing existing cross correlation between Eagle Pointome and Barings Corporate Investors, you can compare the effects of market volatilities on Eagle Pointome and Barings Corporate 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 Eagle Pointome with a short position of Barings Corporate. Check out your portfolio center. Please also check ongoing floating volatility patterns of Eagle Pointome and Barings Corporate.

Diversification Opportunities for Eagle Pointome and Barings Corporate

-0.21

Correlation Coefficient

Eagle Pointome  Barings Corporate

Very good diversification

The 3 months correlation between Eagle and Barings is -0.21. Overlapping area represents the amount of risk that can be diversified away by holding Eagle Pointome and Barings Corporate Investors in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Barings Corporate and Eagle Pointome 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 Eagle Pointome are associated (or correlated) with Barings Corporate. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Barings Corporate has no effect on the direction of Eagle Pointome i.e., Eagle Pointome and Barings Corporate go up and down completely randomly.

Pair Corralation between Eagle Pointome and Barings Corporate

Considering the 90-day investment horizon Eagle Pointome is expected to under-perform the Barings Corporate. But the stock apears to be less risky and, when comparing its historical volatility, Eagle Pointome is 1.21 times less risky than Barings Corporate. The stock trades about -0.12 of its potential returns per unit of risk. The Barings Corporate Investors is currently generating about -0.04 of returns per unit of risk over similar time horizon. If you would invest  1,931  in Barings Corporate Investors on October 8, 2025 and sell it today you would lose (76.00) from holding Barings Corporate Investors or give up 3.94% of portfolio value over 90 days.

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

Eagle Pointome  vs.  Barings Corporate Investors

Eagle Pointome

Risk-Adjusted Performance

Weakest

Over the last 90 days Eagle Pointome has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest unfluctuating performance, the Stock's forward indicators remain sound and the latest tumult on Wall Street may also be a sign of longer-term gains for the firm shareholders.

Barings Corporate

Risk-Adjusted Performance

Weakest

Over the last 90 days Barings Corporate Investors has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fairly strong fundamental indicators, Barings Corporate is not utilizing all of its potentials. The newest stock price confusion, may contribute to short-horizon losses for the traders.

Pair Trading with Eagle Pointome and Barings Corporate

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

The idea behind Eagle Pointome and Barings Corporate Investors 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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.