Correlation Between FIBRA Storage and RLH Properties
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By analyzing existing cross correlation between FIBRA Storage and RLH Properties SAB, you can compare the effects of market volatilities on FIBRA Storage and RLH Properties 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 FIBRA Storage with a short position of RLH Properties. Check out your portfolio center. Please also check ongoing floating volatility patterns of FIBRA Storage and RLH Properties.
Diversification Opportunities for FIBRA Storage and RLH Properties
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between FIBRA and RLH is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding FIBRA Storage and RLH Properties SAB in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on RLH Properties SAB and FIBRA Storage 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 FIBRA Storage are associated (or correlated) with RLH Properties. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of RLH Properties SAB has no effect on the direction of FIBRA Storage i.e., FIBRA Storage and RLH Properties go up and down completely randomly.
Pair Corralation between FIBRA Storage and RLH Properties
Assuming the 90 days trading horizon FIBRA Storage is expected to generate 4.98 times more return on investment than RLH Properties. However, FIBRA Storage is 4.98 times more volatile than RLH Properties SAB. It trades about 0.09 of its potential returns per unit of risk. RLH Properties SAB is currently generating about -0.12 per unit of risk. If you would invest 1,550 in FIBRA Storage on September 3, 2024 and sell it today you would earn a total of 232.00 from holding FIBRA Storage or generate 14.97% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 99.21% |
| Values | Daily Returns |
FIBRA Storage vs. RLH Properties SAB
Performance |
| Timeline |
| FIBRA Storage |
| RLH Properties SAB |
FIBRA Storage and RLH Properties Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with FIBRA Storage and RLH Properties
The main advantage of trading using opposite FIBRA Storage and RLH Properties positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if FIBRA Storage position performs unexpectedly, RLH Properties 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 RLH Properties will offset losses from the drop in RLH Properties' long position.| FIBRA Storage vs. Apple Inc | FIBRA Storage vs. Microsoft | FIBRA Storage vs. Alphabet Inc Class A | FIBRA Storage vs. Alphabet Inc |
| RLH Properties vs. Micron Technology | RLH Properties vs. Grupo Sports World | RLH Properties vs. DXC Technology | RLH Properties vs. Monster Beverage Corp |
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 Equity Valuation module to check real value of public entities based on technical and fundamental data.
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