Correlation Between Walker Dunlop and Guler Yatirim
Can any of the company-specific risk be diversified away by investing in both Walker Dunlop and Guler Yatirim 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 Guler Yatirim into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Walker Dunlop and Guler Yatirim Holding, you can compare the effects of market volatilities on Walker Dunlop and Guler Yatirim 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 Guler Yatirim. Check out your portfolio center. Please also check ongoing floating volatility patterns of Walker Dunlop and Guler Yatirim.
Diversification Opportunities for Walker Dunlop and Guler Yatirim
-0.57 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Walker and Guler is -0.57. Overlapping area represents the amount of risk that can be diversified away by holding Walker Dunlop and Guler Yatirim Holding in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Guler Yatirim Holding 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 Guler Yatirim. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Guler Yatirim Holding has no effect on the direction of Walker Dunlop i.e., Walker Dunlop and Guler Yatirim go up and down completely randomly.
Pair Corralation between Walker Dunlop and Guler Yatirim
Allowing for the 90-day total investment horizon Walker Dunlop is expected to generate 1.84 times less return on investment than Guler Yatirim. But when comparing it to its historical volatility, Walker Dunlop is 1.51 times less risky than Guler Yatirim. It trades about 0.04 of its potential returns per unit of risk. Guler Yatirim Holding is currently generating about 0.04 of returns per unit of risk over similar time horizon. If you would invest 926.00 in Guler Yatirim Holding on September 12, 2024 and sell it today you would earn a total of 325.00 from holding Guler Yatirim Holding or generate 35.1% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 99.72% |
| Values | Daily Returns |
Walker Dunlop vs. Guler Yatirim Holding
Performance |
| Timeline |
| Walker Dunlop |
| Guler Yatirim Holding |
Walker Dunlop and Guler Yatirim Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Walker Dunlop and Guler Yatirim
The main advantage of trading using opposite Walker Dunlop and Guler Yatirim positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Walker Dunlop position performs unexpectedly, Guler Yatirim 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 Guler Yatirim will offset losses from the drop in Guler Yatirim'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 |
| Guler Yatirim vs. Sekerbank TAS | Guler Yatirim vs. Turkiye Kalkinma Bankasi | Guler Yatirim vs. Bms Birlesik Metal | Guler Yatirim vs. Turkish Airlines |
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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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