Correlation Between LH Shopping and Future Park
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By analyzing existing cross correlation between LH Shopping Centers and Future Park Leasehold, you can compare the effects of market volatilities on LH Shopping and Future Park 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 LH Shopping with a short position of Future Park. Check out your portfolio center. Please also check ongoing floating volatility patterns of LH Shopping and Future Park.
Diversification Opportunities for LH Shopping and Future Park
0.17 | Correlation Coefficient |
Average diversification
The 3 months correlation between LHSC and Future is 0.17. Overlapping area represents the amount of risk that can be diversified away by holding LH Shopping Centers and Future Park Leasehold in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Future Park Leasehold and LH Shopping 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 LH Shopping Centers are associated (or correlated) with Future Park. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Future Park Leasehold has no effect on the direction of LH Shopping i.e., LH Shopping and Future Park go up and down completely randomly.
Pair Corralation between LH Shopping and Future Park
Assuming the 90 days trading horizon LH Shopping Centers is expected to generate 0.04 times more return on investment than Future Park. However, LH Shopping Centers is 24.51 times less risky than Future Park. It trades about 0.13 of its potential returns per unit of risk. Future Park Leasehold is currently generating about -0.22 per unit of risk. If you would invest 1,093 in LH Shopping Centers on August 28, 2024 and sell it today you would earn a total of 27.00 from holding LH Shopping Centers or generate 2.47% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
LH Shopping Centers vs. Future Park Leasehold
Performance |
| Timeline |
| LH Shopping Centers |
| Future Park Leasehold |
LH Shopping and Future Park Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with LH Shopping and Future Park
The main advantage of trading using opposite LH Shopping and Future Park positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if LH Shopping position performs unexpectedly, Future Park 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 Future Park will offset losses from the drop in Future Park's long position.| LH Shopping vs. LH Hotel Leasehold | LH Shopping vs. Impact Growth REIT | LH Shopping vs. Quality Houses Property | LH Shopping vs. CPN Retail Growth |
| Future Park vs. Delta Electronics Public | Future Park vs. Delta Electronics Public | Future Park vs. Airports of Thailand | Future Park vs. Airports of Thailand |
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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