Correlation Between Walker Dunlop and F45 Training
Can any of the company-specific risk be diversified away by investing in both Walker Dunlop and F45 Training 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 F45 Training into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Walker Dunlop and F45 Training Holdings, you can compare the effects of market volatilities on Walker Dunlop and F45 Training 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 F45 Training. Check out your portfolio center. Please also check ongoing floating volatility patterns of Walker Dunlop and F45 Training.
Diversification Opportunities for Walker Dunlop and F45 Training
-0.05 | Correlation Coefficient |
Good diversification
The 3 months correlation between Walker and F45 is -0.05. Overlapping area represents the amount of risk that can be diversified away by holding Walker Dunlop and F45 Training Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on F45 Training Holdings 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 F45 Training. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of F45 Training Holdings has no effect on the direction of Walker Dunlop i.e., Walker Dunlop and F45 Training go up and down completely randomly.
Pair Corralation between Walker Dunlop and F45 Training
If you would invest 9,215 in Walker Dunlop on August 25, 2024 and sell it today you would earn a total of 1,634 from holding Walker Dunlop or generate 17.73% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 0.79% |
| Values | Daily Returns |
Walker Dunlop vs. F45 Training Holdings
Performance |
| Timeline |
| Walker Dunlop |
| F45 Training Holdings |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Walker Dunlop and F45 Training Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Walker Dunlop and F45 Training
The main advantage of trading using opposite Walker Dunlop and F45 Training positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Walker Dunlop position performs unexpectedly, F45 Training 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 F45 Training will offset losses from the drop in F45 Training'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 |
| F45 Training vs. Life Time Group | F45 Training vs. Bowlero Corp | F45 Training vs. Planet Fitness | F45 Training vs. JAKKS Pacific |
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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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