Correlation Between Kite Realty and 459200KY6
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By analyzing existing cross correlation between Kite Realty Group and IBM 475 06 FEB 33, you can compare the effects of market volatilities on Kite Realty and 459200KY6 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 Kite Realty with a short position of 459200KY6. Check out your portfolio center. Please also check ongoing floating volatility patterns of Kite Realty and 459200KY6.
Diversification Opportunities for Kite Realty and 459200KY6
-0.65 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Kite and 459200KY6 is -0.65. Overlapping area represents the amount of risk that can be diversified away by holding Kite Realty Group and IBM 475 06 FEB 33 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on IBM 475 06 and Kite Realty 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 Kite Realty Group are associated (or correlated) with 459200KY6. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of IBM 475 06 has no effect on the direction of Kite Realty i.e., Kite Realty and 459200KY6 go up and down completely randomly.
Pair Corralation between Kite Realty and 459200KY6
Considering the 90-day investment horizon Kite Realty Group is expected to generate 2.34 times more return on investment than 459200KY6. However, Kite Realty is 2.34 times more volatile than IBM 475 06 FEB 33. It trades about 0.05 of its potential returns per unit of risk. IBM 475 06 FEB 33 is currently generating about 0.02 per unit of risk. If you would invest 2,027 in Kite Realty Group on August 25, 2024 and sell it today you would earn a total of 713.00 from holding Kite Realty Group or generate 35.18% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 83.47% |
| Values | Daily Returns |
Kite Realty Group vs. IBM 475 06 FEB 33
Performance |
| Timeline |
| Kite Realty Group |
| IBM 475 06 |
Kite Realty and 459200KY6 Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Kite Realty and 459200KY6
The main advantage of trading using opposite Kite Realty and 459200KY6 positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Kite Realty position performs unexpectedly, 459200KY6 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 459200KY6 will offset losses from the drop in 459200KY6's long position.| Kite Realty vs. Urban Edge Properties | Kite Realty vs. Site Centers Corp | Kite Realty vs. Inventrust Properties Corp | Kite Realty vs. Retail Opportunity Investments |
| 459200KY6 vs. Albertsons Companies | 459200KY6 vs. Kite Realty Group | 459200KY6 vs. Contagious Gaming | 459200KY6 vs. Electronic Arts |
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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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