Correlation Between Walker Dunlop and Standard Bank
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By analyzing existing cross correlation between Walker Dunlop and Standard Bank WTI, you can compare the effects of market volatilities on Walker Dunlop and Standard Bank 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 Standard Bank. Check out your portfolio center. Please also check ongoing floating volatility patterns of Walker Dunlop and Standard Bank.
Diversification Opportunities for Walker Dunlop and Standard Bank
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Walker and Standard is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Walker Dunlop and Standard Bank WTI in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Standard Bank WTI 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 Standard Bank. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Standard Bank WTI has no effect on the direction of Walker Dunlop i.e., Walker Dunlop and Standard Bank go up and down completely randomly.
Pair Corralation between Walker Dunlop and Standard Bank
If you would invest 118,800 in Standard Bank WTI on August 27, 2024 and sell it today you would earn a total of 0.00 from holding Standard Bank WTI or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Walker Dunlop vs. Standard Bank WTI
Performance |
| Timeline |
| Walker Dunlop |
| Standard Bank WTI |
Walker Dunlop and Standard Bank Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Walker Dunlop and Standard Bank
The main advantage of trading using opposite Walker Dunlop and Standard Bank positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Walker Dunlop position performs unexpectedly, Standard Bank 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 Standard Bank will offset losses from the drop in Standard Bank'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 |
| Standard Bank vs. Standard Bank Oil | Standard Bank vs. FNB ETN on | Standard Bank vs. Satrix MSCI World | Standard Bank vs. GSETNC |
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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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