Correlation Between Walker Dunlop and Beijing Lanxum
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By analyzing existing cross correlation between Walker Dunlop and Beijing Lanxum Tech, you can compare the effects of market volatilities on Walker Dunlop and Beijing Lanxum 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 Beijing Lanxum. Check out your portfolio center. Please also check ongoing floating volatility patterns of Walker Dunlop and Beijing Lanxum.
Diversification Opportunities for Walker Dunlop and Beijing Lanxum
0.06 | Correlation Coefficient |
Significant diversification
The 3 months correlation between Walker and Beijing is 0.06. Overlapping area represents the amount of risk that can be diversified away by holding Walker Dunlop and Beijing Lanxum Tech in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Beijing Lanxum Tech 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 Beijing Lanxum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Beijing Lanxum Tech has no effect on the direction of Walker Dunlop i.e., Walker Dunlop and Beijing Lanxum go up and down completely randomly.
Pair Corralation between Walker Dunlop and Beijing Lanxum
Allowing for the 90-day total investment horizon Walker Dunlop is expected to generate 0.17 times more return on investment than Beijing Lanxum. However, Walker Dunlop is 5.74 times less risky than Beijing Lanxum. It trades about 0.11 of its potential returns per unit of risk. Beijing Lanxum Tech is currently generating about 0.01 per unit of risk. If you would invest 10,674 in Walker Dunlop on September 4, 2024 and sell it today you would earn a total of 347.00 from holding Walker Dunlop or generate 3.25% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 95.45% |
| Values | Daily Returns |
Walker Dunlop vs. Beijing Lanxum Tech
Performance |
| Timeline |
| Walker Dunlop |
| Beijing Lanxum Tech |
Walker Dunlop and Beijing Lanxum Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Walker Dunlop and Beijing Lanxum
The main advantage of trading using opposite Walker Dunlop and Beijing Lanxum positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Walker Dunlop position performs unexpectedly, Beijing Lanxum 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 Beijing Lanxum will offset losses from the drop in Beijing Lanxum'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 |
| Beijing Lanxum vs. Ciwen Media Co | Beijing Lanxum vs. Lander Sports Development | Beijing Lanxum vs. JiShi Media Co | Beijing Lanxum vs. Dalian Zeus Entertainment |
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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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