Correlation Between Kite Realty and 92676XAF4
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By analyzing existing cross correlation between Kite Realty Group and US92676XAF42, you can compare the effects of market volatilities on Kite Realty and 92676XAF4 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 92676XAF4. Check out your portfolio center. Please also check ongoing floating volatility patterns of Kite Realty and 92676XAF4.
Diversification Opportunities for Kite Realty and 92676XAF4
-0.44 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Kite and 92676XAF4 is -0.44. Overlapping area represents the amount of risk that can be diversified away by holding Kite Realty Group and US92676XAF42 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on US92676XAF42 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 92676XAF4. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of US92676XAF42 has no effect on the direction of Kite Realty i.e., Kite Realty and 92676XAF4 go up and down completely randomly.
Pair Corralation between Kite Realty and 92676XAF4
Considering the 90-day investment horizon Kite Realty is expected to generate 55.67 times less return on investment than 92676XAF4. But when comparing it to its historical volatility, Kite Realty Group is 44.89 times less risky than 92676XAF4. It trades about 0.05 of its potential returns per unit of risk. US92676XAF42 is currently generating about 0.06 of returns per unit of risk over similar time horizon. If you would invest 8,250 in US92676XAF42 on September 5, 2024 and sell it today you would earn a total of 125.00 from holding US92676XAF42 or generate 1.52% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 88.28% |
| Values | Daily Returns |
Kite Realty Group vs. US92676XAF42
Performance |
| Timeline |
| Kite Realty Group |
| US92676XAF42 |
Kite Realty and 92676XAF4 Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Kite Realty and 92676XAF4
The main advantage of trading using opposite Kite Realty and 92676XAF4 positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Kite Realty position performs unexpectedly, 92676XAF4 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 92676XAF4 will offset losses from the drop in 92676XAF4's long position.| Kite Realty vs. Site Centers Corp | Kite Realty vs. CBL Associates Properties | Kite Realty vs. Urban Edge Properties | Kite Realty vs. Acadia Realty Trust |
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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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