Correlation Between Loomis Sayles and Bull Profund

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

By analyzing existing cross correlation between Loomis Sayles Inflation and Bull Profund Investor, you can compare the effects of market volatilities on Loomis Sayles and Bull Profund 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 Loomis Sayles with a short position of Bull Profund. Check out your portfolio center. Please also check ongoing floating volatility patterns of Loomis Sayles and Bull Profund.

Diversification Opportunities for Loomis Sayles and Bull Profund

0.87

Correlation Coefficient

Loomis Sayles  Bull Profund

Very poor diversification

The 3 months correlation between Loomis and Bull is 0.87. Overlapping area represents the amount of risk that can be diversified away by holding Loomis Sayles Inflation and Bull Profund Investor in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Bull Profund Investor and Loomis Sayles 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 Loomis Sayles Inflation are associated (or correlated) with Bull Profund. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bull Profund Investor has no effect on the direction of Loomis Sayles i.e., Loomis Sayles and Bull Profund go up and down completely randomly.

Pair Corralation between Loomis Sayles and Bull Profund

Assuming the 90 days horizon Loomis Sayles is expected to generate 450.0 times less return on investment than Bull Profund. But when comparing it to its historical volatility, Loomis Sayles Inflation is 5.11 times less risky than Bull Profund. It trades about 0.0 of its potential returns per unit of risk. Bull Profund Investor is currently generating about 0.06 of returns per unit of risk over similar time horizon. If you would invest  8,060  in Bull Profund Investor on July 18, 2025 and sell it today you would earn a total of  75.00  from holding Bull Profund Investor or generate 0.93% return on investment over 90 days.

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

Loomis Sayles Inflation  vs.  Bull Profund Investor

Loomis Sayles Inflation

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Loomis Sayles Inflation are ranked lower than 16 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Loomis Sayles is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Bull Profund Investor

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Bull Profund Investor are ranked lower than 10 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong forward indicators, Bull Profund is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Loomis Sayles and Bull Profund

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

The idea behind Loomis Sayles Inflation and Bull Profund Investor 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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.