Correlation Between SOUTHERN and Arbor Realty
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By analyzing existing cross correlation between SOUTHERN CALIF EDISON and Arbor Realty Trust, you can compare the effects of market volatilities on SOUTHERN and Arbor 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 SOUTHERN with a short position of Arbor Realty. Check out your portfolio center. Please also check ongoing floating volatility patterns of SOUTHERN and Arbor Realty.
Diversification Opportunities for SOUTHERN and Arbor Realty
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between SOUTHERN and Arbor is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding SOUTHERN CALIF EDISON and Arbor Realty Trust in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Arbor Realty Trust and SOUTHERN 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 SOUTHERN CALIF EDISON are associated (or correlated) with Arbor Realty. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Arbor Realty Trust has no effect on the direction of SOUTHERN i.e., SOUTHERN and Arbor Realty go up and down completely randomly.
Pair Corralation between SOUTHERN and Arbor Realty
If you would invest 0.00 in SOUTHERN CALIF EDISON on October 24, 2024 and sell it today you would earn a total of 0.00 from holding SOUTHERN CALIF EDISON or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 5.56% |
| Values | Daily Returns |
SOUTHERN CALIF EDISON vs. Arbor Realty Trust
Performance |
| Timeline |
| SOUTHERN CALIF EDISON |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
| Arbor Realty Trust |
SOUTHERN and Arbor Realty Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with SOUTHERN and Arbor Realty
The main advantage of trading using opposite SOUTHERN and Arbor Realty positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SOUTHERN position performs unexpectedly, Arbor 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 Arbor Realty will offset losses from the drop in Arbor Realty's long position.| SOUTHERN vs. American Clean Resources | SOUTHERN vs. CleanGo Innovations | SOUTHERN vs. Victorias Secret Co | SOUTHERN vs. VF Corporation |
| Arbor Realty vs. Starwood Property Trust | Arbor Realty vs. Ready Capital Corp | Arbor Realty vs. Two Harbors Investments | Arbor Realty vs. AGNC Investment 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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
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