Correlation Between Vy Jpmorgan and International Growth

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

By analyzing existing cross correlation between Vy Jpmorgan Small and International Growth Fund, you can compare the effects of market volatilities on Vy Jpmorgan and International Growth 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 Vy Jpmorgan with a short position of International Growth. Check out your portfolio center. Please also check ongoing floating volatility patterns of Vy Jpmorgan and International Growth.

Diversification Opportunities for Vy Jpmorgan and International Growth

0.37

Correlation Coefficient

Vy Jpmorgan  International Growth

Weak diversification

The 3 months correlation between IJSIX and INTERNATIONAL is 0.37. Overlapping area represents the amount of risk that can be diversified away by holding Vy Jpmorgan Small and International Growth Fund in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on International Growth and Vy Jpmorgan 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 Vy Jpmorgan Small are associated (or correlated) with International Growth. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of International Growth has no effect on the direction of Vy Jpmorgan i.e., Vy Jpmorgan and International Growth go up and down completely randomly.

Pair Corralation between Vy Jpmorgan and International Growth

Assuming the 90 days horizon Vy Jpmorgan Small is expected to generate 1.37 times more return on investment than International Growth. However, Vy Jpmorgan is 1.37 times more volatile than International Growth Fund. It trades about 0.1 of its potential returns per unit of risk. International Growth Fund is currently generating about 0.06 per unit of risk. If you would invest  1,364  in Vy Jpmorgan Small on May 18, 2025 and sell it today you would earn a total of  93.00  from holding Vy Jpmorgan Small or generate 6.82% return on investment over 90 days.

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

Vy Jpmorgan Small  vs.  International Growth Fund

Vy Jpmorgan Small

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Vy Jpmorgan Small are ranked lower than 8 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak forward indicators, Vy Jpmorgan may actually be approaching a critical reversion point that can send shares even higher in September 2025.

International Growth

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in International Growth Fund are ranked lower than 4 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong forward indicators, International Growth is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Vy Jpmorgan and International Growth

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

The idea behind Vy Jpmorgan Small and International Growth Fund 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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.