Correlation Between LH Shopping and Grande Hospitality
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By analyzing existing cross correlation between LH Shopping Centers and Grande Hospitality Real, you can compare the effects of market volatilities on LH Shopping and Grande Hospitality 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 Grande Hospitality. Check out your portfolio center. Please also check ongoing floating volatility patterns of LH Shopping and Grande Hospitality.
Diversification Opportunities for LH Shopping and Grande Hospitality
0.14 | Correlation Coefficient |
Average diversification
The 3 months correlation between LHSC and Grande is 0.14. Overlapping area represents the amount of risk that can be diversified away by holding LH Shopping Centers and Grande Hospitality Real in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Grande Hospitality Real 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 Grande Hospitality. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Grande Hospitality Real has no effect on the direction of LH Shopping i.e., LH Shopping and Grande Hospitality go up and down completely randomly.
Pair Corralation between LH Shopping and Grande Hospitality
Assuming the 90 days trading horizon LH Shopping Centers is expected to under-perform the Grande Hospitality. In addition to that, LH Shopping is 1.16 times more volatile than Grande Hospitality Real. It trades about -0.05 of its total potential returns per unit of risk. Grande Hospitality Real is currently generating about 0.21 per unit of volatility. If you would invest 665.00 in Grande Hospitality Real on November 29, 2024 and sell it today you would earn a total of 20.00 from holding Grande Hospitality Real or generate 3.01% 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. Grande Hospitality Real
Performance |
| Timeline |
| LH Shopping Centers |
| Grande Hospitality Real |
LH Shopping and Grande Hospitality Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with LH Shopping and Grande Hospitality
The main advantage of trading using opposite LH Shopping and Grande Hospitality positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if LH Shopping position performs unexpectedly, Grande Hospitality 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 Grande Hospitality will offset losses from the drop in Grande Hospitality'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 |
| Grande Hospitality vs. Aikchol Hospital Public | Grande Hospitality vs. Praram 9 Hospital | Grande Hospitality vs. Siam Wellness Group | Grande Hospitality vs. Communication System Solution |
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 Transaction History module to view history of all your transactions and understand their impact on performance.
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