Correlation Between Walker Dunlop and SANLTD
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By analyzing existing cross correlation between Walker Dunlop and SANLTD 28 08 MAR 27, you can compare the effects of market volatilities on Walker Dunlop and SANLTD 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 SANLTD. Check out your portfolio center. Please also check ongoing floating volatility patterns of Walker Dunlop and SANLTD.
Diversification Opportunities for Walker Dunlop and SANLTD
0.27 | Correlation Coefficient |
Modest diversification
The 3 months correlation between Walker and SANLTD is 0.27. Overlapping area represents the amount of risk that can be diversified away by holding Walker Dunlop and SANLTD 28 08 MAR 27 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on SANLTD 28 08 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 SANLTD. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SANLTD 28 08 has no effect on the direction of Walker Dunlop i.e., Walker Dunlop and SANLTD go up and down completely randomly.
Pair Corralation between Walker Dunlop and SANLTD
Allowing for the 90-day total investment horizon Walker Dunlop is expected to generate 2.18 times more return on investment than SANLTD. However, Walker Dunlop is 2.18 times more volatile than SANLTD 28 08 MAR 27. It trades about 0.06 of its potential returns per unit of risk. SANLTD 28 08 MAR 27 is currently generating about -0.01 per unit of risk. If you would invest 7,596 in Walker Dunlop on September 1, 2024 and sell it today you would earn a total of 3,422 from holding Walker Dunlop or generate 45.05% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 54.57% |
| Values | Daily Returns |
Walker Dunlop vs. SANLTD 28 08 MAR 27
Performance |
| Timeline |
| Walker Dunlop |
| SANLTD 28 08 |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Walker Dunlop and SANLTD Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Walker Dunlop and SANLTD
The main advantage of trading using opposite Walker Dunlop and SANLTD positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Walker Dunlop position performs unexpectedly, SANLTD 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 SANLTD will offset losses from the drop in SANLTD'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 |
| SANLTD vs. Cincinnati Financial | SANLTD vs. Maiden Holdings | SANLTD vs. QBE Insurance Group | SANLTD vs. GoHealth |
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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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