Correlation Between ORIX JREIT and Fastned BV
Can any of the company-specific risk be diversified away by investing in both ORIX JREIT and Fastned BV 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 Fastned BV 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 Fastned BV, you can compare the effects of market volatilities on ORIX JREIT and Fastned BV 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 Fastned BV. Check out your portfolio center. Please also check ongoing floating volatility patterns of ORIX JREIT and Fastned BV.
Diversification Opportunities for ORIX JREIT and Fastned BV
-0.36 | Correlation Coefficient |
Very good diversification
The 3 months correlation between ORIX and Fastned is -0.36. Overlapping area represents the amount of risk that can be diversified away by holding ORIX JREIT INC and Fastned BV in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Fastned BV 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 Fastned BV. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Fastned BV has no effect on the direction of ORIX JREIT i.e., ORIX JREIT and Fastned BV go up and down completely randomly.
Pair Corralation between ORIX JREIT and Fastned BV
Assuming the 90 days horizon ORIX JREIT INC is expected to under-perform the Fastned BV. In addition to that, ORIX JREIT is 1.47 times more volatile than Fastned BV. It trades about -0.03 of its total potential returns per unit of risk. Fastned BV is currently generating about 0.02 per unit of volatility. If you would invest 2,045 in Fastned BV on November 20, 2025 and sell it today you would earn a total of 30.00 from holding Fastned BV or generate 1.47% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
ORIX JREIT INC vs. Fastned BV
Performance |
| Timeline |
| ORIX JREIT INC |
| Fastned BV |
ORIX JREIT and Fastned BV Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with ORIX JREIT and Fastned BV
The main advantage of trading using opposite ORIX JREIT and Fastned BV positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if ORIX JREIT position performs unexpectedly, Fastned BV 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 Fastned BV will offset losses from the drop in Fastned BV's long position.| ORIX JREIT vs. Hyrican Informationssysteme Aktiengesellschaft | ORIX JREIT vs. COSTCO WHOLESALE CDR | ORIX JREIT vs. Cass Information Systems | ORIX JREIT vs. Alibaba Health Information |
| Fastned BV vs. Cass Information Systems | Fastned BV vs. STORAGEVAULT CANADA INC | Fastned BV vs. MyHotelMatch SA | Fastned BV vs. PPHE HOTEL GROUP |
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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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