Correlation Between ORIX JREIT and GameStop Corp
Can any of the company-specific risk be diversified away by investing in both ORIX JREIT and GameStop Corp 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 GameStop Corp 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 GameStop Corp, you can compare the effects of market volatilities on ORIX JREIT and GameStop Corp 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 GameStop Corp. Check out your portfolio center. Please also check ongoing floating volatility patterns of ORIX JREIT and GameStop Corp.
Diversification Opportunities for ORIX JREIT and GameStop Corp
-0.52 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between ORIX and GameStop is -0.52. Overlapping area represents the amount of risk that can be diversified away by holding ORIX JREIT INC and GameStop Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on GameStop Corp 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 GameStop Corp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of GameStop Corp has no effect on the direction of ORIX JREIT i.e., ORIX JREIT and GameStop Corp go up and down completely randomly.
Pair Corralation between ORIX JREIT and GameStop Corp
Assuming the 90 days horizon ORIX JREIT INC is expected to under-perform the GameStop Corp. But the stock apears to be less risky and, when comparing its historical volatility, ORIX JREIT INC is 1.39 times less risky than GameStop Corp. The stock trades about -0.03 of its potential returns per unit of risk. The GameStop Corp is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest 1,745 in GameStop Corp on November 17, 2025 and sell it today you would earn a total of 222.00 from holding GameStop Corp or generate 12.72% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
ORIX JREIT INC vs. GameStop Corp
Performance |
| Timeline |
| ORIX JREIT INC |
| GameStop Corp |
ORIX JREIT and GameStop Corp Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with ORIX JREIT and GameStop Corp
The main advantage of trading using opposite ORIX JREIT and GameStop Corp positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if ORIX JREIT position performs unexpectedly, GameStop Corp 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 GameStop Corp will offset losses from the drop in GameStop Corp's long position.| ORIX JREIT vs. Perseus Mining Limited | ORIX JREIT vs. Broadcom | ORIX JREIT vs. MP Materials Corp | ORIX JREIT vs. COPLAND ROAD CAPITAL |
| GameStop Corp vs. Fidelis Insurance Holdings | GameStop Corp vs. Vienna Insurance Group | GameStop Corp vs. SBI Insurance Group | GameStop Corp vs. Marie Brizard Wine |
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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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