Correlation Between Walker Dunlop and CREDIT
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By analyzing existing cross correlation between Walker Dunlop and CREDIT SUISSE AG, you can compare the effects of market volatilities on Walker Dunlop and CREDIT 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 CREDIT. Check out your portfolio center. Please also check ongoing floating volatility patterns of Walker Dunlop and CREDIT.
Diversification Opportunities for Walker Dunlop and CREDIT
0.67 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Walker and CREDIT is 0.67. Overlapping area represents the amount of risk that can be diversified away by holding Walker Dunlop and CREDIT SUISSE AG in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on CREDIT SUISSE AG 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 CREDIT. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CREDIT SUISSE AG has no effect on the direction of Walker Dunlop i.e., Walker Dunlop and CREDIT go up and down completely randomly.
Pair Corralation between Walker Dunlop and CREDIT
Allowing for the 90-day total investment horizon Walker Dunlop is expected to generate 25.38 times less return on investment than CREDIT. But when comparing it to its historical volatility, Walker Dunlop is 28.0 times less risky than CREDIT. It trades about 0.06 of its potential returns per unit of risk. CREDIT SUISSE AG is currently generating about 0.05 of returns per unit of risk over similar time horizon. If you would invest 8,596 in CREDIT SUISSE AG on September 2, 2024 and sell it today you would earn a total of 854.00 from holding CREDIT SUISSE AG or generate 9.93% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 79.3% |
| Values | Daily Returns |
Walker Dunlop vs. CREDIT SUISSE AG
Performance |
| Timeline |
| Walker Dunlop |
| CREDIT SUISSE AG |
Walker Dunlop and CREDIT Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Walker Dunlop and CREDIT
The main advantage of trading using opposite Walker Dunlop and CREDIT positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Walker Dunlop position performs unexpectedly, CREDIT 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 CREDIT will offset losses from the drop in CREDIT'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 |
| CREDIT vs. Cardinal Health | CREDIT vs. Kura Sushi USA | CREDIT vs. Sweetgreen | CREDIT vs. Ryman Hospitality Properties |
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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
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