Correlation Between ORIX JREIT and Advanced Info
Can any of the company-specific risk be diversified away by investing in both ORIX JREIT and Advanced Info at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining ORIX JREIT and Advanced Info into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between ORIX JREIT INC and Advanced Info Service, you can compare the effects of market volatilities on ORIX JREIT and Advanced Info 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 ORIX JREIT with a short position of Advanced Info. Check out your portfolio center. Please also check ongoing floating volatility patterns of ORIX JREIT and Advanced Info.
Diversification Opportunities for ORIX JREIT and Advanced Info
-0.64 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between ORIX and Advanced is -0.64. Overlapping area represents the amount of risk that can be diversified away by holding ORIX JREIT INC and Advanced Info Service in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Advanced Info Service and ORIX JREIT 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 ORIX JREIT INC are associated (or correlated) with Advanced Info. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Advanced Info Service has no effect on the direction of ORIX JREIT i.e., ORIX JREIT and Advanced Info go up and down completely randomly.
Pair Corralation between ORIX JREIT and Advanced Info
Assuming the 90 days horizon ORIX JREIT INC is expected to under-perform the Advanced Info. But the stock apears to be less risky and, when comparing its historical volatility, ORIX JREIT INC is 1.18 times less risky than Advanced Info. The stock trades about -0.03 of its potential returns per unit of risk. The Advanced Info Service is currently generating about 0.18 of returns per unit of risk over similar time horizon. If you would invest 815.00 in Advanced Info Service on November 16, 2025 and sell it today you would earn a total of 225.00 from holding Advanced Info Service or generate 27.61% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
ORIX JREIT INC vs. Advanced Info Service
Performance |
| Timeline |
| ORIX JREIT INC |
| Advanced Info Service |
ORIX JREIT and Advanced Info Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with ORIX JREIT and Advanced Info
The main advantage of trading using opposite ORIX JREIT and Advanced Info positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if ORIX JREIT position performs unexpectedly, Advanced Info 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 Advanced Info will offset losses from the drop in Advanced Info's long position.| ORIX JREIT vs. HK Electric Investments | ORIX JREIT vs. Nucletron Electronic Aktiengesellschaft | ORIX JREIT vs. AIR PRODCHEMICALS | ORIX JREIT vs. REINET INVESTMENTS SCA |
| Advanced Info vs. BANK RAKYAT IND | Advanced Info vs. BANK RAKYAT IND | Advanced Info vs. PT Bank Rakyat | Advanced Info vs. PT Bank Rakyat |
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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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