Correlation Between Walker Dunlop and Ping An
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By analyzing existing cross correlation between Walker Dunlop and Ping An Bank, you can compare the effects of market volatilities on Walker Dunlop and Ping An 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 Walker Dunlop with a short position of Ping An. Check out your portfolio center. Please also check ongoing floating volatility patterns of Walker Dunlop and Ping An.
Diversification Opportunities for Walker Dunlop and Ping An
-0.13 | Correlation Coefficient |
Good diversification
The 3 months correlation between Walker and Ping is -0.13. Overlapping area represents the amount of risk that can be diversified away by holding Walker Dunlop and Ping An Bank in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Ping An Bank and Walker Dunlop 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 Walker Dunlop are associated (or correlated) with Ping An. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Ping An Bank has no effect on the direction of Walker Dunlop i.e., Walker Dunlop and Ping An go up and down completely randomly.
Pair Corralation between Walker Dunlop and Ping An
Allowing for the 90-day total investment horizon Walker Dunlop is expected to under-perform the Ping An. In addition to that, Walker Dunlop is 2.69 times more volatile than Ping An Bank. It trades about -0.28 of its total potential returns per unit of risk. Ping An Bank is currently generating about 0.04 per unit of volatility. If you would invest 1,147 in Ping An Bank on November 28, 2024 and sell it today you would earn a total of 5.00 from holding Ping An Bank or generate 0.44% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 77.27% |
| Values | Daily Returns |
Walker Dunlop vs. Ping An Bank
Performance |
| Timeline |
| Walker Dunlop |
| Ping An Bank |
Walker Dunlop and Ping An Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Walker Dunlop and Ping An
The main advantage of trading using opposite Walker Dunlop and Ping An positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Walker Dunlop position performs unexpectedly, Ping An 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 Ping An will offset losses from the drop in Ping An's long position.| Walker Dunlop vs. Mr Cooper Group | Walker Dunlop vs. Velocity Financial Llc | Walker Dunlop vs. Security National Financial | Walker Dunlop vs. Encore Capital Group |
| Ping An vs. Will Semiconductor Co | Ping An vs. Jiangsu Broadcasting Cable | Ping An vs. Sichuan Fulin Transportation | Ping An vs. Shaanxi Broadcast TV |
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 Stocks Directory module to find actively traded stocks across global markets.
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