Correlation Between FrontView REIT, and Sihui Fuji
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By analyzing existing cross correlation between FrontView REIT, and Sihui Fuji Electronics, you can compare the effects of market volatilities on FrontView REIT, and Sihui Fuji 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 FrontView REIT, with a short position of Sihui Fuji. Check out your portfolio center. Please also check ongoing floating volatility patterns of FrontView REIT, and Sihui Fuji.
Diversification Opportunities for FrontView REIT, and Sihui Fuji
0.37 | Correlation Coefficient |
Weak diversification
The 3 months correlation between FrontView and Sihui is 0.37. Overlapping area represents the amount of risk that can be diversified away by holding FrontView REIT, and Sihui Fuji Electronics in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Sihui Fuji Electronics and FrontView REIT, 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 FrontView REIT, are associated (or correlated) with Sihui Fuji. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Sihui Fuji Electronics has no effect on the direction of FrontView REIT, i.e., FrontView REIT, and Sihui Fuji go up and down completely randomly.
Pair Corralation between FrontView REIT, and Sihui Fuji
Considering the 90-day investment horizon FrontView REIT, is expected to under-perform the Sihui Fuji. But the stock apears to be less risky and, when comparing its historical volatility, FrontView REIT, is 2.33 times less risky than Sihui Fuji. The stock trades about -0.02 of its potential returns per unit of risk. The Sihui Fuji Electronics is currently generating about 0.02 of returns per unit of risk over similar time horizon. If you would invest 2,749 in Sihui Fuji Electronics on September 26, 2024 and sell it today you would earn a total of 136.00 from holding Sihui Fuji Electronics or generate 4.95% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 20.2% |
| Values | Daily Returns |
FrontView REIT, vs. Sihui Fuji Electronics
Performance |
| Timeline |
| FrontView REIT, |
| Sihui Fuji Electronics |
FrontView REIT, and Sihui Fuji Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with FrontView REIT, and Sihui Fuji
The main advantage of trading using opposite FrontView REIT, and Sihui Fuji positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if FrontView REIT, position performs unexpectedly, Sihui Fuji 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 Sihui Fuji will offset losses from the drop in Sihui Fuji's long position.| FrontView REIT, vs. CTO Realty Growth | FrontView REIT, vs. Armada Hoffler Properties | FrontView REIT, vs. Modiv Inc | FrontView REIT, vs. NexPoint Diversified Real |
| Sihui Fuji vs. Jointo Energy Investment | Sihui Fuji vs. Changchun UP Optotech | Sihui Fuji vs. Henan Shuanghui Investment | Sihui Fuji vs. Tieling Newcity Investment |
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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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