Correlation Between Regency Centers and PEAK Old
Can any of the company-specific risk be diversified away by investing in both Regency Centers and PEAK Old 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 Regency Centers and PEAK Old into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Regency Centers and PEAK Old, you can compare the effects of market volatilities on Regency Centers and PEAK Old 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 Regency Centers with a short position of PEAK Old. Check out your portfolio center. Please also check ongoing floating volatility patterns of Regency Centers and PEAK Old.
Diversification Opportunities for Regency Centers and PEAK Old
0.37 | Correlation Coefficient |
Weak diversification
The 3 months correlation between Regency and PEAK is 0.37. Overlapping area represents the amount of risk that can be diversified away by holding Regency Centers and PEAK Old in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on PEAK Old and Regency Centers 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 Regency Centers are associated (or correlated) with PEAK Old. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of PEAK Old has no effect on the direction of Regency Centers i.e., Regency Centers and PEAK Old go up and down completely randomly.
Pair Corralation between Regency Centers and PEAK Old
If you would invest 7,223 in Regency Centers on August 24, 2024 and sell it today you would earn a total of 228.00 from holding Regency Centers or generate 3.16% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 4.35% |
| Values | Daily Returns |
Regency Centers vs. PEAK Old
Performance |
| Timeline |
| Regency Centers |
| PEAK Old |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Regency Centers and PEAK Old Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Regency Centers and PEAK Old
The main advantage of trading using opposite Regency Centers and PEAK Old positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Regency Centers position performs unexpectedly, PEAK Old 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 PEAK Old will offset losses from the drop in PEAK Old's long position.| Regency Centers vs. Federal Realty Investment | Regency Centers vs. Agree Realty | Regency Centers vs. National Retail Properties | Regency Centers vs. Tanger Factory Outlet |
| PEAK Old vs. Welltower | PEAK Old vs. Mid America Apartment Communities | PEAK Old vs. Regency Centers | PEAK Old vs. UDR Inc |
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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Other Complementary Tools
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| 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 | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |