Correlation Between CT Real and TOTAL
Specify exactly 2 symbols:
By analyzing existing cross correlation between CT Real Estate and TOTAL CAPITAL INTERNATIONAL, you can compare the effects of market volatilities on CT Real and 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 CT Real with a short position of TOTAL. Check out your portfolio center. Please also check ongoing floating volatility patterns of CT Real and TOTAL.
Diversification Opportunities for CT Real and TOTAL
Poor diversification
The 3 months correlation between CTRRF and TOTAL is 0.64. Overlapping area represents the amount of risk that can be diversified away by holding CT Real Estate and TOTAL CAPITAL INTERNATIONAL in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on TOTAL CAPITAL INTERN and CT Real 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 CT Real Estate are associated (or correlated) with TOTAL. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of TOTAL CAPITAL INTERN has no effect on the direction of CT Real i.e., CT Real and TOTAL go up and down completely randomly.
Pair Corralation between CT Real and TOTAL
Assuming the 90 days horizon CT Real Estate is expected to under-perform the TOTAL. In addition to that, CT Real is 2.16 times more volatile than TOTAL CAPITAL INTERNATIONAL. It trades about -0.21 of its total potential returns per unit of risk. TOTAL CAPITAL INTERNATIONAL is currently generating about 0.25 per unit of volatility. If you would invest 6,764 in TOTAL CAPITAL INTERNATIONAL on August 30, 2024 and sell it today you would earn a total of 526.00 from holding TOTAL CAPITAL INTERNATIONAL or generate 7.78% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 77.27% |
| Values | Daily Returns |
CT Real Estate vs. TOTAL CAPITAL INTERNATIONAL
Performance |
| Timeline |
| CT Real Estate |
| TOTAL CAPITAL INTERN |
CT Real and TOTAL Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with CT Real and TOTAL
The main advantage of trading using opposite CT Real and TOTAL positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if CT Real position performs unexpectedly, TOTAL 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 TOTAL will offset losses from the drop in TOTAL's long position.| CT Real vs. Firm Capital Property | CT Real vs. Smart REIT | CT Real vs. Slate Grocery REIT | CT Real vs. Phillips Edison Co |
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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Other Complementary Tools
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios |