Correlation Between Franklin Street and KROGER
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By analyzing existing cross correlation between Franklin Street Properties and KROGER 37 percent, you can compare the effects of market volatilities on Franklin Street and KROGER 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 Franklin Street with a short position of KROGER. Check out your portfolio center. Please also check ongoing floating volatility patterns of Franklin Street and KROGER.
Diversification Opportunities for Franklin Street and KROGER
-0.36 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Franklin and KROGER is -0.36. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Street Properties and KROGER 37 percent in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on KROGER 37 percent and Franklin Street 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 Franklin Street Properties are associated (or correlated) with KROGER. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of KROGER 37 percent has no effect on the direction of Franklin Street i.e., Franklin Street and KROGER go up and down completely randomly.
Pair Corralation between Franklin Street and KROGER
Considering the 90-day investment horizon Franklin Street Properties is expected to under-perform the KROGER. In addition to that, Franklin Street is 6.61 times more volatile than KROGER 37 percent. It trades about -0.01 of its total potential returns per unit of risk. KROGER 37 percent is currently generating about 0.01 per unit of volatility. If you would invest 9,539 in KROGER 37 percent on September 12, 2024 and sell it today you would earn a total of 104.00 from holding KROGER 37 percent or generate 1.09% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 99.6% |
| Values | Daily Returns |
Franklin Street Properties vs. KROGER 37 percent
Performance |
| Timeline |
| Franklin Street Prop |
| KROGER 37 percent |
Franklin Street and KROGER Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Franklin Street and KROGER
The main advantage of trading using opposite Franklin Street and KROGER positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Franklin Street position performs unexpectedly, KROGER 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 KROGER will offset losses from the drop in KROGER's long position.| Franklin Street vs. Cousins Properties Incorporated | Franklin Street vs. Creative Media Community | Franklin Street vs. Highwoods Properties | Franklin Street vs. Douglas Emmett |
| KROGER vs. Hooker Furniture | KROGER vs. Franklin Street Properties | KROGER vs. Luxfer Holdings PLC | KROGER vs. Boston Properties |
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 Stocks Directory module to find actively traded stocks across global markets.
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