Correlation Analysis Between Stone Harbor and Vanguard Total

This module allows you to analyze existing cross correlation between Stone Harbor Emerging Markets I and Vanguard Total Bond Market Inde. You can compare the effects of market volatilities on Stone Harbor and Vanguard Total 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 Stone Harbor with a short position of Vanguard Total. See also your portfolio center. Please also check ongoing floating volatility patterns of Stone Harbor and Vanguard Total.
Horizon     30 Days    Login   to change
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Comparative Performance

Stone Harbor Emerging  
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Risk-Adjusted Fund Performance

Over the last 30 days Stone Harbor Emerging Markets I has generated negative risk-adjusted returns adding no value to fund investors. Inspite fairly strong basic indicators, Stone Harbor is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
Vanguard Total Bond  
00

Risk-Adjusted Fund Performance

Over the last 30 days Vanguard Total Bond Market Inde has generated negative risk-adjusted returns adding no value to fund investors. Inspite fairly strong basic indicators, Vanguard Total is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.

Stone Harbor and Vanguard Total Volatility Contrast

 Predicted Return Density 
      Returns 

Stone Harbor Emerging Markets   vs.  Vanguard Total Bond Market Ind

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Stone Harbor Emerging Markets I is expected to under-perform the Vanguard Total. In addition to that, Stone Harbor is 1.77 times more volatile than Vanguard Total Bond Market Inde. It trades about -0.12 of its total potential returns per unit of risk. Vanguard Total Bond Market Inde is currently generating about -0.03 per unit of volatility. If you would invest  1,111  in Vanguard Total Bond Market Inde on October 18, 2019 and sell it today you would lose (7.00)  from holding Vanguard Total Bond Market Inde or give up 0.63% of portfolio value over 30 days.

Pair Corralation between Stone Harbor and Vanguard Total

0.46
Time Period3 Months [change]
DirectionPositive 
StrengthWeak
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Stone Harbor and Vanguard Total

Stone Harbor Emerging Markets  diversification synergy

Very weak diversification

Overlapping area represents the amount of risk that can be diversified away by holding Stone Harbor Emerging Markets and Vanguard Total Bond Market Ind in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Vanguard Total Bond and Stone Harbor 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 Stone Harbor Emerging Markets I are associated (or correlated) with Vanguard Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Vanguard Total Bond has no effect on the direction of Stone Harbor i.e. Stone Harbor and Vanguard Total go up and down completely randomly.
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