Correlation Between Dunham Real and Ab All
Can any of the company-specific risk be diversified away by investing in both Dunham Real and Ab All 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 Dunham Real and Ab All into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Dunham Real Estate and Ab All Market, you can compare the effects of market volatilities on Dunham Real and Ab All 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 Dunham Real with a short position of Ab All. Check out your portfolio center. Please also check ongoing floating volatility patterns of Dunham Real and Ab All.
Diversification Opportunities for Dunham Real and Ab All
-0.02 | Correlation Coefficient |
Good diversification
The 3 months correlation between Dunham and MRKCX is -0.02. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Real Estate and Ab All Market in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Ab All Market and Dunham 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 Dunham Real Estate are associated (or correlated) with Ab All. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Ab All Market has no effect on the direction of Dunham Real i.e., Dunham Real and Ab All go up and down completely randomly.
Pair Corralation between Dunham Real and Ab All
If you would invest 1,336 in Dunham Real Estate on September 14, 2024 and sell it today you would earn a total of 154.00 from holding Dunham Real Estate or generate 11.53% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 0.4% |
| Values | Daily Returns |
Dunham Real Estate vs. Ab All Market
Performance |
| Timeline |
| Dunham Real Estate |
| Ab All Market |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Dunham Real and Ab All Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Dunham Real and Ab All
The main advantage of trading using opposite Dunham Real and Ab All positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Dunham Real position performs unexpectedly, Ab All 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 Ab All will offset losses from the drop in Ab All's long position.| Dunham Real vs. Realty Income | Dunham Real vs. Dynex Capital | Dunham Real vs. First Industrial Realty | Dunham Real vs. Healthcare Realty Trust |
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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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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