Correlation Between Walker Dunlop and DNB Global
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By analyzing existing cross correlation between Walker Dunlop and DNB Global Indeks, you can compare the effects of market volatilities on Walker Dunlop and DNB Global 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 DNB Global. Check out your portfolio center. Please also check ongoing floating volatility patterns of Walker Dunlop and DNB Global.
Diversification Opportunities for Walker Dunlop and DNB Global
0.28 | Correlation Coefficient |
Modest diversification
The 3 months correlation between Walker and DNB is 0.28. Overlapping area represents the amount of risk that can be diversified away by holding Walker Dunlop and DNB Global Indeks in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on DNB Global Indeks 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 DNB Global. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of DNB Global Indeks has no effect on the direction of Walker Dunlop i.e., Walker Dunlop and DNB Global go up and down completely randomly.
Pair Corralation between Walker Dunlop and DNB Global
Allowing for the 90-day total investment horizon Walker Dunlop is expected to generate 1.4 times less return on investment than DNB Global. In addition to that, Walker Dunlop is 1.6 times more volatile than DNB Global Indeks. It trades about 0.11 of its total potential returns per unit of risk. DNB Global Indeks is currently generating about 0.24 per unit of volatility. If you would invest 72,960 in DNB Global Indeks on September 4, 2024 and sell it today you would earn a total of 3,170 from holding DNB Global Indeks or generate 4.34% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 90.48% |
| Values | Daily Returns |
Walker Dunlop vs. DNB Global Indeks
Performance |
| Timeline |
| Walker Dunlop |
| DNB Global Indeks |
Walker Dunlop and DNB Global Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Walker Dunlop and DNB Global
The main advantage of trading using opposite Walker Dunlop and DNB Global positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Walker Dunlop position performs unexpectedly, DNB Global 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 DNB Global will offset losses from the drop in DNB Global'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 |
| DNB Global vs. DNB Norge Selektiv | DNB Global vs. KLP AksjeNorge Indeks | DNB Global vs. Storebrand Global Solutions | DNB Global vs. Nordea 1 |
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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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