Correlation Between Lotus Retail and Bhiraj Office
Specify exactly 2 symbols:
By analyzing existing cross correlation between Lotus Retail Growth and Bhiraj Office Leasehold, you can compare the effects of market volatilities on Lotus Retail and Bhiraj Office 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 Lotus Retail with a short position of Bhiraj Office. Check out your portfolio center. Please also check ongoing floating volatility patterns of Lotus Retail and Bhiraj Office.
Diversification Opportunities for Lotus Retail and Bhiraj Office
0.4 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Lotus and Bhiraj is 0.4. Overlapping area represents the amount of risk that can be diversified away by holding Lotus Retail Growth and Bhiraj Office Leasehold in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Bhiraj Office Leasehold and Lotus Retail 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 Lotus Retail Growth are associated (or correlated) with Bhiraj Office. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bhiraj Office Leasehold has no effect on the direction of Lotus Retail i.e., Lotus Retail and Bhiraj Office go up and down completely randomly.
Pair Corralation between Lotus Retail and Bhiraj Office
Assuming the 90 days trading horizon Lotus Retail Growth is expected to generate 1.22 times more return on investment than Bhiraj Office. However, Lotus Retail is 1.22 times more volatile than Bhiraj Office Leasehold. It trades about 0.03 of its potential returns per unit of risk. Bhiraj Office Leasehold is currently generating about -0.04 per unit of risk. If you would invest 1,095 in Lotus Retail Growth on August 31, 2024 and sell it today you would earn a total of 175.00 from holding Lotus Retail Growth or generate 15.98% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 98.92% |
| Values | Daily Returns |
Lotus Retail Growth vs. Bhiraj Office Leasehold
Performance |
| Timeline |
| Lotus Retail Growth |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
| Bhiraj Office Leasehold |
Lotus Retail and Bhiraj Office Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Lotus Retail and Bhiraj Office
The main advantage of trading using opposite Lotus Retail and Bhiraj Office positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Lotus Retail position performs unexpectedly, Bhiraj Office 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 Bhiraj Office will offset losses from the drop in Bhiraj Office's long position.| Lotus Retail vs. CPN Retail Growth | Lotus Retail vs. Ticon Freehold and | Lotus Retail vs. WHA Premium Growth | Lotus Retail vs. Major Cineplex Lifestyle |
| Bhiraj Office vs. LH Shopping Centers | Bhiraj Office vs. HEMARAJ INDUSTRIAL PROPERTY | Bhiraj Office vs. Land and Houses |
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.
Other Complementary Tools
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |