Correlation Between BSIG Old and FS Credit
Can any of the company-specific risk be diversified away by investing in both BSIG Old and FS Credit 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 BSIG Old and FS Credit into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between BSIG Old and FS Credit Opportunities, you can compare the effects of market volatilities on BSIG Old and FS Credit 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 BSIG Old with a short position of FS Credit. Check out your portfolio center. Please also check ongoing floating volatility patterns of BSIG Old and FS Credit.
Diversification Opportunities for BSIG Old and FS Credit
Pay attention - limited upside
The 3 months correlation between BSIG and FSCO is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding BSIG Old and FS Credit Opportunities in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on FS Credit Opportunities and BSIG Old 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 BSIG Old are associated (or correlated) with FS Credit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of FS Credit Opportunities has no effect on the direction of BSIG Old i.e., BSIG Old and FS Credit go up and down completely randomly.
Pair Corralation between BSIG Old and FS Credit
If you would invest 643.00 in FS Credit Opportunities on December 3, 2024 and sell it today you would earn a total of 55.00 from holding FS Credit Opportunities or generate 8.55% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Flat |
Strength | Insignificant |
Accuracy | 0.0% |
Values | Daily Returns |
BSIG Old vs. FS Credit Opportunities
Performance |
Timeline |
BSIG Old |
Risk-Adjusted Performance
Very Weak
Weak | Strong |
FS Credit Opportunities |
BSIG Old and FS Credit Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with BSIG Old and FS Credit
The main advantage of trading using opposite BSIG Old and FS Credit positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if BSIG Old position performs unexpectedly, FS Credit 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 FS Credit will offset losses from the drop in FS Credit's long position.BSIG Old vs. Munivest Fund | BSIG Old vs. Blackrock Muniyield Quality | BSIG Old vs. Blackrock Muniyield Quality | BSIG Old vs. Blackrock Muniholdings Closed |
FS Credit vs. MFS Investment Grade | FS Credit vs. Eaton Vance National | FS Credit vs. Federated Premier Municipal | FS Credit vs. Investcorp Credit Management |
Check out your portfolio center.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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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