Correlation Between Walker Dunlop and KIM GROWTH
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By analyzing existing cross correlation between Walker Dunlop and KIM GROWTH VN, you can compare the effects of market volatilities on Walker Dunlop and KIM GROWTH 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 KIM GROWTH. Check out your portfolio center. Please also check ongoing floating volatility patterns of Walker Dunlop and KIM GROWTH.
Diversification Opportunities for Walker Dunlop and KIM GROWTH
0.29 | Correlation Coefficient |
Modest diversification
The 3 months correlation between Walker and KIM is 0.29. Overlapping area represents the amount of risk that can be diversified away by holding Walker Dunlop and KIM GROWTH VN in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on KIM GROWTH VN 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 KIM GROWTH. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of KIM GROWTH VN has no effect on the direction of Walker Dunlop i.e., Walker Dunlop and KIM GROWTH go up and down completely randomly.
Pair Corralation between Walker Dunlop and KIM GROWTH
Allowing for the 90-day total investment horizon Walker Dunlop is expected to generate 1.85 times more return on investment than KIM GROWTH. However, Walker Dunlop is 1.85 times more volatile than KIM GROWTH VN. It trades about 0.03 of its potential returns per unit of risk. KIM GROWTH VN is currently generating about 0.06 per unit of risk. If you would invest 8,740 in Walker Dunlop on September 1, 2024 and sell it today you would earn a total of 2,278 from holding Walker Dunlop or generate 26.06% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 23.3% |
| Values | Daily Returns |
Walker Dunlop vs. KIM GROWTH VN
Performance |
| Timeline |
| Walker Dunlop |
| KIM GROWTH VN |
Walker Dunlop and KIM GROWTH Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Walker Dunlop and KIM GROWTH
The main advantage of trading using opposite Walker Dunlop and KIM GROWTH positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Walker Dunlop position performs unexpectedly, KIM GROWTH 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 KIM GROWTH will offset losses from the drop in KIM GROWTH'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 |
| KIM GROWTH vs. KIM GROWTH VN30 | KIM GROWTH vs. FPT CAPITAL VNX50 | KIM GROWTH vs. VINACAPITAL VN100 ETF | KIM GROWTH vs. SSIAM VN30 ETF |
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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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