Correlation Between Brixmor Property and JBG SMITH
Can any of the company-specific risk be diversified away by investing in both Brixmor Property and JBG SMITH 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 Brixmor Property and JBG SMITH into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Brixmor Property and JBG SMITH Properties, you can compare the effects of market volatilities on Brixmor Property and JBG SMITH 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 Brixmor Property with a short position of JBG SMITH. Check out your portfolio center. Please also check ongoing floating volatility patterns of Brixmor Property and JBG SMITH.
Diversification Opportunities for Brixmor Property and JBG SMITH
-0.53 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Brixmor and JBG is -0.53. Overlapping area represents the amount of risk that can be diversified away by holding Brixmor Property and JBG SMITH Properties in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on JBG SMITH Properties and Brixmor Property 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 Brixmor Property are associated (or correlated) with JBG SMITH. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of JBG SMITH Properties has no effect on the direction of Brixmor Property i.e., Brixmor Property and JBG SMITH go up and down completely randomly.
Pair Corralation between Brixmor Property and JBG SMITH
Considering the 90-day investment horizon Brixmor Property is expected to generate 0.43 times more return on investment than JBG SMITH. However, Brixmor Property is 2.34 times less risky than JBG SMITH. It trades about 0.35 of its potential returns per unit of risk. JBG SMITH Properties is currently generating about -0.12 per unit of risk. If you would invest 2,747 in Brixmor Property on August 26, 2024 and sell it today you would earn a total of 236.00 from holding Brixmor Property or generate 8.59% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Brixmor Property vs. JBG SMITH Properties
Performance |
| Timeline |
| Brixmor Property |
| JBG SMITH Properties |
Brixmor Property and JBG SMITH Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Brixmor Property and JBG SMITH
The main advantage of trading using opposite Brixmor Property and JBG SMITH positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Brixmor Property position performs unexpectedly, JBG SMITH 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 JBG SMITH will offset losses from the drop in JBG SMITH's long position.| Brixmor Property vs. Site Centers Corp | Brixmor Property vs. Inventrust Properties Corp | Brixmor Property vs. Retail Opportunity Investments | Brixmor Property vs. Netstreit Corp |
| JBG SMITH vs. Boston Properties | JBG SMITH vs. Alexandria Real Estate | JBG SMITH vs. Highwoods Properties | JBG SMITH vs. Piedmont Office Realty |
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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Other Complementary Tools
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules |