Correlation Between Walker Dunlop and SOCGEN
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By analyzing existing cross correlation between Walker Dunlop and SOCGEN 8, you can compare the effects of market volatilities on Walker Dunlop and SOCGEN 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 SOCGEN. Check out your portfolio center. Please also check ongoing floating volatility patterns of Walker Dunlop and SOCGEN.
Diversification Opportunities for Walker Dunlop and SOCGEN
-0.12 | Correlation Coefficient |
Good diversification
The 3 months correlation between Walker and SOCGEN is -0.12. Overlapping area represents the amount of risk that can be diversified away by holding Walker Dunlop and SOCGEN 8 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on SOCGEN 8 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 SOCGEN. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SOCGEN 8 has no effect on the direction of Walker Dunlop i.e., Walker Dunlop and SOCGEN go up and down completely randomly.
Pair Corralation between Walker Dunlop and SOCGEN
Allowing for the 90-day total investment horizon Walker Dunlop is expected to generate 0.32 times more return on investment than SOCGEN. However, Walker Dunlop is 3.17 times less risky than SOCGEN. It trades about -0.02 of its potential returns per unit of risk. SOCGEN 8 is currently generating about -0.36 per unit of risk. If you would invest 11,122 in Walker Dunlop on August 31, 2024 and sell it today you would lose (104.00) from holding Walker Dunlop or give up 0.94% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 34.78% |
| Values | Daily Returns |
Walker Dunlop vs. SOCGEN 8
Performance |
| Timeline |
| Walker Dunlop |
| SOCGEN 8 |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Walker Dunlop and SOCGEN Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Walker Dunlop and SOCGEN
The main advantage of trading using opposite Walker Dunlop and SOCGEN positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Walker Dunlop position performs unexpectedly, SOCGEN 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 SOCGEN will offset losses from the drop in SOCGEN'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 |
| SOCGEN vs. Analog Devices | SOCGEN vs. Meiwu Technology Co | SOCGEN vs. Siriuspoint | SOCGEN vs. Artisan Partners Asset |
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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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