Correlation Between JBG SMITH and 456837AH6
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By analyzing existing cross correlation between JBG SMITH Properties and ING GROEP N, you can compare the effects of market volatilities on JBG SMITH and 456837AH6 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 JBG SMITH with a short position of 456837AH6. Check out your portfolio center. Please also check ongoing floating volatility patterns of JBG SMITH and 456837AH6.
Diversification Opportunities for JBG SMITH and 456837AH6
Good diversification
The 3 months correlation between JBG and 456837AH6 is -0.01. Overlapping area represents the amount of risk that can be diversified away by holding JBG SMITH Properties and ING GROEP N in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on ING GROEP N and JBG SMITH 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 JBG SMITH Properties are associated (or correlated) with 456837AH6. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ING GROEP N has no effect on the direction of JBG SMITH i.e., JBG SMITH and 456837AH6 go up and down completely randomly.
Pair Corralation between JBG SMITH and 456837AH6
Given the investment horizon of 90 days JBG SMITH Properties is expected to under-perform the 456837AH6. In addition to that, JBG SMITH is 5.98 times more volatile than ING GROEP N. It trades about -0.06 of its total potential returns per unit of risk. ING GROEP N is currently generating about -0.18 per unit of volatility. If you would invest 9,918 in ING GROEP N on September 12, 2024 and sell it today you would lose (261.00) from holding ING GROEP N or give up 2.63% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 79.69% |
| Values | Daily Returns |
JBG SMITH Properties vs. ING GROEP N
Performance |
| Timeline |
| JBG SMITH Properties |
| ING GROEP N |
JBG SMITH and 456837AH6 Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with JBG SMITH and 456837AH6
The main advantage of trading using opposite JBG SMITH and 456837AH6 positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if JBG SMITH position performs unexpectedly, 456837AH6 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 456837AH6 will offset losses from the drop in 456837AH6's long position.| JBG SMITH vs. Cousins Properties Incorporated | JBG SMITH vs. Highwoods Properties | JBG SMITH vs. Douglas Emmett | JBG SMITH vs. Equity Commonwealth |
| 456837AH6 vs. Air Lease | 456837AH6 vs. Avis Budget Group | 456837AH6 vs. FTAI Aviation Ltd | 456837AH6 vs. U Haul Holding |
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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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