Correlation Between Walker Dunlop and Akili
Can any of the company-specific risk be diversified away by investing in both Walker Dunlop and Akili at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Walker Dunlop and Akili into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Walker Dunlop and Akili Inc, you can compare the effects of market volatilities on Walker Dunlop and Akili 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 Akili. Check out your portfolio center. Please also check ongoing floating volatility patterns of Walker Dunlop and Akili.
Diversification Opportunities for Walker Dunlop and Akili
0.38 | Correlation Coefficient |
Weak diversification
The 3 months correlation between Walker and Akili is 0.38. Overlapping area represents the amount of risk that can be diversified away by holding Walker Dunlop and Akili Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Akili Inc 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 Akili. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Akili Inc has no effect on the direction of Walker Dunlop i.e., Walker Dunlop and Akili go up and down completely randomly.
Pair Corralation between Walker Dunlop and Akili
Allowing for the 90-day total investment horizon Walker Dunlop is expected to generate 0.22 times more return on investment than Akili. However, Walker Dunlop is 4.62 times less risky than Akili. It trades about 0.06 of its potential returns per unit of risk. Akili Inc is currently generating about -0.01 per unit of risk. If you would invest 7,596 in Walker Dunlop on September 1, 2024 and sell it today you would earn a total of 3,422 from holding Walker Dunlop or generate 45.05% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 72.04% |
| Values | Daily Returns |
Walker Dunlop vs. Akili Inc
Performance |
| Timeline |
| Walker Dunlop |
| Akili Inc |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Walker Dunlop and Akili Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Walker Dunlop and Akili
The main advantage of trading using opposite Walker Dunlop and Akili positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Walker Dunlop position performs unexpectedly, Akili 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 Akili will offset losses from the drop in Akili'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 |
| Akili vs. EUDA Health Holdings | Akili vs. FOXO Technologies | Akili vs. Aclarion | Akili vs. National Research 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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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