Correlation Between Walker Dunlop and Guosheng Financial
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By analyzing existing cross correlation between Walker Dunlop and Guosheng Financial Holding, you can compare the effects of market volatilities on Walker Dunlop and Guosheng Financial 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 Guosheng Financial. Check out your portfolio center. Please also check ongoing floating volatility patterns of Walker Dunlop and Guosheng Financial.
Diversification Opportunities for Walker Dunlop and Guosheng Financial
0.31 | Correlation Coefficient |
Weak diversification
The 3 months correlation between Walker and Guosheng is 0.31. Overlapping area represents the amount of risk that can be diversified away by holding Walker Dunlop and Guosheng Financial Holding in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Guosheng Financial 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 Guosheng Financial. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Guosheng Financial has no effect on the direction of Walker Dunlop i.e., Walker Dunlop and Guosheng Financial go up and down completely randomly.
Pair Corralation between Walker Dunlop and Guosheng Financial
Allowing for the 90-day total investment horizon Walker Dunlop is expected to generate 0.52 times more return on investment than Guosheng Financial. However, Walker Dunlop is 1.93 times less risky than Guosheng Financial. It trades about -0.01 of its potential returns per unit of risk. Guosheng Financial Holding is currently generating about -0.07 per unit of risk. If you would invest 11,120 in Walker Dunlop on August 29, 2024 and sell it today you would lose (64.00) from holding Walker Dunlop or give up 0.58% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Walker Dunlop vs. Guosheng Financial Holding
Performance |
| Timeline |
| Walker Dunlop |
| Guosheng Financial |
Walker Dunlop and Guosheng Financial Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Walker Dunlop and Guosheng Financial
The main advantage of trading using opposite Walker Dunlop and Guosheng Financial positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Walker Dunlop position performs unexpectedly, Guosheng Financial 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 Guosheng Financial will offset losses from the drop in Guosheng Financial'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 |
| Guosheng Financial vs. PetroChina Co Ltd | Guosheng Financial vs. China State Construction | Guosheng Financial vs. China Mobile Limited | Guosheng Financial vs. Industrial and Commercial |
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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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