Correlation Between Evaluator Growth and Dunham Floating

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

By analyzing existing cross correlation between Evaluator Growth Rms and Dunham Floating Rate, you can compare the effects of market volatilities on Evaluator Growth and Dunham Floating 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 Evaluator Growth with a short position of Dunham Floating. Check out your portfolio center. Please also check ongoing floating volatility patterns of Evaluator Growth and Dunham Floating.

Diversification Opportunities for Evaluator Growth and Dunham Floating

0.97

Correlation Coefficient

Evaluator Growth  Dunham Floating

Almost no diversification

The 3 months correlation between Evaluator and Dunham is 0.97. Overlapping area represents the amount of risk that can be diversified away by holding Evaluator Growth Rms and Dunham Floating Rate in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Dunham Floating Rate and Evaluator Growth 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 Evaluator Growth Rms are associated (or correlated) with Dunham Floating. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Dunham Floating Rate has no effect on the direction of Evaluator Growth i.e., Evaluator Growth and Dunham Floating go up and down completely randomly.

Pair Corralation between Evaluator Growth and Dunham Floating

Assuming the 90 days horizon Evaluator Growth Rms is expected to generate 7.9 times more return on investment than Dunham Floating. However, Evaluator Growth is 7.9 times more volatile than Dunham Floating Rate. It trades about 0.25 of its potential returns per unit of risk. Dunham Floating Rate is currently generating about 0.61 per unit of risk. If you would invest  1,195  in Evaluator Growth Rms on May 28, 2025 and sell it today you would earn a total of  104.00  from holding Evaluator Growth Rms or generate 8.7% return on investment over 90 days.

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

Evaluator Growth Rms  vs.  Dunham Floating Rate

Evaluator Growth Rms

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Evaluator Growth Rms are ranked lower than 19 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak essential indicators, Evaluator Growth may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Dunham Floating Rate

Risk-Adjusted Performance

Prime

Compared to the overall equity markets, risk-adjusted returns on investments in Dunham Floating Rate are ranked lower than 48 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Dunham Floating is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Evaluator Growth and Dunham Floating

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

The idea behind Evaluator Growth Rms and Dunham Floating Rate 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.