Correlation Between Moderately Aggressive and Oshaughnessy Market

Can any of the company-specific risk be diversified away by investing in both Moderately Aggressive and Oshaughnessy Market 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 Moderately Aggressive and Oshaughnessy Market into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Moderately Aggressive Balanced and Oshaughnessy Market Leaders, you can compare the effects of market volatilities on Moderately Aggressive and Oshaughnessy Market 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 Moderately Aggressive with a short position of Oshaughnessy Market. Check out your portfolio center. Please also check ongoing floating volatility patterns of Moderately Aggressive and Oshaughnessy Market.

Diversification Opportunities for Moderately Aggressive and Oshaughnessy Market

0.0

Correlation Coefficient

Moderately Aggressive  Oshaughnessy Market

Pay attention - limited upside

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

Pair Corralation between Moderately Aggressive and Oshaughnessy Market

If you would invest  1,167  in Moderately Aggressive Balanced on May 7, 2025 and sell it today you would earn a total of  90.00  from holding Moderately Aggressive Balanced or generate 7.71% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

Moderately Aggressive Balanced  vs.  Oshaughnessy Market Leaders

Moderately Aggressive

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Moderately Aggressive Balanced are ranked lower than 20 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Moderately Aggressive may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Oshaughnessy Market

Risk-Adjusted Performance

Good

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

Pair Trading with Moderately Aggressive and Oshaughnessy Market

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

The idea behind Moderately Aggressive Balanced and Oshaughnessy Market Leaders 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.