Correlation Between 126408HL0 and Kite Realty
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By analyzing existing cross correlation between CSX P 465 and Kite Realty Group, you can compare the effects of market volatilities on 126408HL0 and Kite 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 126408HL0 with a short position of Kite Realty. Check out your portfolio center. Please also check ongoing floating volatility patterns of 126408HL0 and Kite Realty.
Diversification Opportunities for 126408HL0 and Kite Realty
-0.6 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between 126408HL0 and Kite is -0.6. Overlapping area represents the amount of risk that can be diversified away by holding CSX P 465 and Kite Realty Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Kite Realty Group and 126408HL0 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 CSX P 465 are associated (or correlated) with Kite Realty. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kite Realty Group has no effect on the direction of 126408HL0 i.e., 126408HL0 and Kite Realty go up and down completely randomly.
Pair Corralation between 126408HL0 and Kite Realty
Assuming the 90 days trading horizon CSX P 465 is expected to under-perform the Kite Realty. In addition to that, 126408HL0 is 1.02 times more volatile than Kite Realty Group. It trades about -0.03 of its total potential returns per unit of risk. Kite Realty Group is currently generating about 0.17 per unit of volatility. If you would invest 2,155 in Kite Realty Group on September 2, 2024 and sell it today you would earn a total of 602.00 from holding Kite Realty Group or generate 27.94% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 70.63% |
| Values | Daily Returns |
CSX P 465 vs. Kite Realty Group
Performance |
| Timeline |
| CSX P 465 |
| Kite Realty Group |
126408HL0 and Kite Realty Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with 126408HL0 and Kite Realty
The main advantage of trading using opposite 126408HL0 and Kite Realty positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if 126408HL0 position performs unexpectedly, Kite 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 Kite Realty will offset losses from the drop in Kite Realty's long position.| 126408HL0 vs. AEP TEX INC | 126408HL0 vs. US BANK NATIONAL | 126408HL0 vs. Bank of America | 126408HL0 vs. GE Aerospace |
| Kite Realty vs. Site Centers Corp | Kite Realty vs. CBL Associates Properties | Kite Realty vs. Urban Edge Properties | Kite Realty vs. Acadia Realty Trust |
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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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