Correlation Between BRIXMOR and Dow Jones
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By analyzing existing cross correlation between BRIXMOR OPERATING PARTNERSHIP and Dow Jones Industrial, you can compare the effects of market volatilities on BRIXMOR and Dow Jones 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 BRIXMOR with a short position of Dow Jones. Check out your portfolio center. Please also check ongoing floating volatility patterns of BRIXMOR and Dow Jones.
Diversification Opportunities for BRIXMOR and Dow Jones
Pay attention - limited upside
The 3 months correlation between BRIXMOR and Dow is -0.71. Overlapping area represents the amount of risk that can be diversified away by holding BRIXMOR OPERATING PARTNERSHIP and Dow Jones Industrial in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Dow Jones Industrial and BRIXMOR 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 BRIXMOR OPERATING PARTNERSHIP are associated (or correlated) with Dow Jones. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Dow Jones Industrial has no effect on the direction of BRIXMOR i.e., BRIXMOR and Dow Jones go up and down completely randomly.
Pair Corralation between BRIXMOR and Dow Jones
Assuming the 90 days trading horizon BRIXMOR is expected to generate 20.79 times less return on investment than Dow Jones. But when comparing it to its historical volatility, BRIXMOR OPERATING PARTNERSHIP is 1.28 times less risky than Dow Jones. It trades about 0.0 of its potential returns per unit of risk. Dow Jones Industrial is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest 3,410,864 in Dow Jones Industrial on September 3, 2024 and sell it today you would earn a total of 1,080,201 from holding Dow Jones Industrial or generate 31.67% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 97.78% |
| Values | Daily Returns |
BRIXMOR OPERATING PARTNERSHIP vs. Dow Jones Industrial
Performance |
| Timeline |
BRIXMOR and Dow Jones Volatility Contrast
Predicted Return Density |
| Returns |
BRIXMOR OPERATING PARTNERSHIP
Pair trading matchups for BRIXMOR
Dow Jones Industrial
Pair trading matchups for Dow Jones
Pair Trading with BRIXMOR and Dow Jones
The main advantage of trading using opposite BRIXMOR and Dow Jones positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if BRIXMOR position performs unexpectedly, Dow Jones 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 Dow Jones will offset losses from the drop in Dow Jones' long position.| BRIXMOR vs. Air Products and | BRIXMOR vs. Sensient Technologies | BRIXMOR vs. KVH Industries | BRIXMOR vs. National CineMedia |
| Dow Jones vs. Eastern Co | Dow Jones vs. Uber Technologies | Dow Jones vs. AKITA Drilling | Dow Jones vs. Chemours Co |
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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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