Correlation Between Oshidori International and Kimco Realty
Can any of the company-specific risk be diversified away by investing in both Oshidori International and Kimco Realty 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 Oshidori International and Kimco Realty into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Oshidori International Holdings and Kimco Realty, you can compare the effects of market volatilities on Oshidori International and Kimco Realty 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 Oshidori International with a short position of Kimco Realty. Check out your portfolio center. Please also check ongoing floating volatility patterns of Oshidori International and Kimco Realty.
Diversification Opportunities for Oshidori International and Kimco Realty
-0.79 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Oshidori and Kimco is -0.79. Overlapping area represents the amount of risk that can be diversified away by holding Oshidori International Holding and Kimco Realty in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Kimco Realty and Oshidori International 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 Oshidori International Holdings are associated (or correlated) with Kimco Realty. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kimco Realty has no effect on the direction of Oshidori International i.e., Oshidori International and Kimco Realty go up and down completely randomly.
Pair Corralation between Oshidori International and Kimco Realty
Assuming the 90 days horizon Oshidori International Holdings is expected to generate 42.96 times more return on investment than Kimco Realty. However, Oshidori International is 42.96 times more volatile than Kimco Realty. It trades about 0.06 of its potential returns per unit of risk. Kimco Realty is currently generating about 0.02 per unit of risk. If you would invest 0.06 in Oshidori International Holdings on November 2, 2024 and sell it today you would earn a total of 3.54 from holding Oshidori International Holdings or generate 5900.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 99.8% |
| Values | Daily Returns |
Oshidori International Holding vs. Kimco Realty
Performance |
| Timeline |
| Oshidori International |
| Kimco Realty |
Oshidori International and Kimco Realty Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Oshidori International and Kimco Realty
The main advantage of trading using opposite Oshidori International and Kimco Realty positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Oshidori International position performs unexpectedly, Kimco Realty 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 Kimco Realty will offset losses from the drop in Kimco Realty's long position.| Oshidori International vs. MACOM Technology Solutions | Oshidori International vs. ASML Holding NV | Oshidori International vs. One Group Hospitality | Oshidori International vs. Biglari Holdings |
| Kimco Realty vs. Cedar Realty Trust | Kimco Realty vs. Saul Centers | Kimco Realty vs. Kimco Realty | Kimco Realty vs. Simon Property 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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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