Correlation Between Segro Plc and Indus Realty
Can any of the company-specific risk be diversified away by investing in both Segro Plc and Indus 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 Segro Plc and Indus Realty into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Segro Plc and Indus Realty Trust, you can compare the effects of market volatilities on Segro Plc and Indus 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 Segro Plc with a short position of Indus Realty. Check out your portfolio center. Please also check ongoing floating volatility patterns of Segro Plc and Indus Realty.
Diversification Opportunities for Segro Plc and Indus Realty
-0.74 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Segro and Indus is -0.74. Overlapping area represents the amount of risk that can be diversified away by holding Segro Plc and Indus Realty Trust in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Indus Realty Trust and Segro Plc 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 Segro Plc are associated (or correlated) with Indus Realty. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Indus Realty Trust has no effect on the direction of Segro Plc i.e., Segro Plc and Indus Realty go up and down completely randomly.
Pair Corralation between Segro Plc and Indus Realty
If you would invest 1,009 in Segro Plc on September 2, 2024 and sell it today you would earn a total of 12.00 from holding Segro Plc or generate 1.19% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 0.54% |
| Values | Daily Returns |
Segro Plc vs. Indus Realty Trust
Performance |
| Timeline |
| Segro Plc |
| Indus Realty Trust |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Segro Plc and Indus Realty Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Segro Plc and Indus Realty
The main advantage of trading using opposite Segro Plc and Indus Realty positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Segro Plc position performs unexpectedly, Indus 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 Indus Realty will offset losses from the drop in Indus Realty's long position.| Segro Plc vs. LXP Industrial Trust | Segro Plc vs. Plymouth Industrial REIT | Segro Plc vs. EastGroup Properties | Segro Plc vs. Americold Realty Trust |
| Indus Realty vs. Plymouth Industrial REIT | Indus Realty vs. First Industrial Realty | Indus Realty vs. Terreno Realty | Indus Realty vs. Rexford Industrial Realty |
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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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