Correlation Between Walker Dunlop and FRESLN
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By analyzing existing cross correlation between Walker Dunlop and FRESLN 425 02 OCT 50, you can compare the effects of market volatilities on Walker Dunlop and FRESLN 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 FRESLN. Check out your portfolio center. Please also check ongoing floating volatility patterns of Walker Dunlop and FRESLN.
Diversification Opportunities for Walker Dunlop and FRESLN
0.56 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Walker and FRESLN is 0.56. Overlapping area represents the amount of risk that can be diversified away by holding Walker Dunlop and FRESLN 425 02 OCT 50 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on FRESLN 425 02 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 FRESLN. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of FRESLN 425 02 has no effect on the direction of Walker Dunlop i.e., Walker Dunlop and FRESLN go up and down completely randomly.
Pair Corralation between Walker Dunlop and FRESLN
Allowing for the 90-day total investment horizon Walker Dunlop is expected to under-perform the FRESLN. In addition to that, Walker Dunlop is 1.03 times more volatile than FRESLN 425 02 OCT 50. It trades about -0.07 of its total potential returns per unit of risk. FRESLN 425 02 OCT 50 is currently generating about 0.26 per unit of volatility. If you would invest 7,116 in FRESLN 425 02 OCT 50 on October 26, 2024 and sell it today you would earn a total of 297.00 from holding FRESLN 425 02 OCT 50 or generate 4.17% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 38.89% |
| Values | Daily Returns |
Walker Dunlop vs. FRESLN 425 02 OCT 50
Performance |
| Timeline |
| Walker Dunlop |
| FRESLN 425 02 |
Walker Dunlop and FRESLN Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Walker Dunlop and FRESLN
The main advantage of trading using opposite Walker Dunlop and FRESLN positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Walker Dunlop position performs unexpectedly, FRESLN 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 FRESLN will offset losses from the drop in FRESLN'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 |
| FRESLN vs. Douglas Emmett | FRESLN vs. Southern Home Medicl | FRESLN vs. Biglari Holdings | FRESLN vs. Taylor Morn Home |
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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
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