Correlation Between Walker Dunlop and PF Atlantic
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By analyzing existing cross correlation between Walker Dunlop and PF Atlantic Petroleum, you can compare the effects of market volatilities on Walker Dunlop and PF Atlantic 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 PF Atlantic. Check out your portfolio center. Please also check ongoing floating volatility patterns of Walker Dunlop and PF Atlantic.
Diversification Opportunities for Walker Dunlop and PF Atlantic
-0.29 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Walker and ATLA-DKK is -0.29. Overlapping area represents the amount of risk that can be diversified away by holding Walker Dunlop and PF Atlantic Petroleum in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on PF Atlantic Petroleum 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 PF Atlantic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of PF Atlantic Petroleum has no effect on the direction of Walker Dunlop i.e., Walker Dunlop and PF Atlantic go up and down completely randomly.
Pair Corralation between Walker Dunlop and PF Atlantic
Allowing for the 90-day total investment horizon Walker Dunlop is expected to generate 0.33 times more return on investment than PF Atlantic. However, Walker Dunlop is 3.01 times less risky than PF Atlantic. It trades about 0.05 of its potential returns per unit of risk. PF Atlantic Petroleum is currently generating about -0.12 per unit of risk. If you would invest 10,870 in Walker Dunlop on September 1, 2024 and sell it today you would earn a total of 148.00 from holding Walker Dunlop or generate 1.36% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 95.45% |
| Values | Daily Returns |
Walker Dunlop vs. PF Atlantic Petroleum
Performance |
| Timeline |
| Walker Dunlop |
| PF Atlantic Petroleum |
Walker Dunlop and PF Atlantic Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Walker Dunlop and PF Atlantic
The main advantage of trading using opposite Walker Dunlop and PF Atlantic positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Walker Dunlop position performs unexpectedly, PF Atlantic 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 PF Atlantic will offset losses from the drop in PF Atlantic'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 |
| PF Atlantic vs. BioPorto | PF Atlantic vs. cBrain AS | PF Atlantic vs. Orphazyme AS | PF Atlantic vs. TORM plc |
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 Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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