Correlation Between Aqr Tm and Catalyst/aspect Enhanced

Can any of the company-specific risk be diversified away by investing in both Aqr Tm and Catalyst/aspect Enhanced 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 Aqr Tm and Catalyst/aspect Enhanced into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Aqr Tm Emerging and Catalystaspect Enhanced Multi Asset, you can compare the effects of market volatilities on Aqr Tm and Catalyst/aspect Enhanced 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 Aqr Tm with a short position of Catalyst/aspect Enhanced. Check out your portfolio center. Please also check ongoing floating volatility patterns of Aqr Tm and Catalyst/aspect Enhanced.

Diversification Opportunities for Aqr Tm and Catalyst/aspect Enhanced

0.0

Correlation Coefficient

Aqr Tm  Catalyst/aspect Enhanced

Pay attention - limited upside

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

Pair Corralation between Aqr Tm and Catalyst/aspect Enhanced

If you would invest  1,109  in Aqr Tm Emerging on May 12, 2025 and sell it today you would earn a total of  102.00  from holding Aqr Tm Emerging or generate 9.2% return on investment over 90 days.

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

Aqr Tm Emerging  vs.  Catalystaspect Enhanced Multi

Aqr Tm Emerging

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Aqr Tm Emerging are ranked lower than 16 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Aqr Tm may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Catalyst/aspect Enhanced

Risk-Adjusted Performance

Good

Over the last 90 days Catalystaspect Enhanced Multi Asset has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong forward indicators, Catalyst/aspect Enhanced is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Aqr Tm and Catalyst/aspect Enhanced

The main advantage of trading using opposite Aqr Tm and Catalyst/aspect Enhanced positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Aqr Tm position performs unexpectedly, Catalyst/aspect Enhanced 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 Catalyst/aspect Enhanced will offset losses from the drop in Catalyst/aspect Enhanced's long position.

The idea behind Aqr Tm Emerging and Catalystaspect Enhanced Multi Asset 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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.