Correlation Between Walker Dunlop and Xtrackers
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By analyzing existing cross correlation between Walker Dunlop and Xtrackers II Global, you can compare the effects of market volatilities on Walker Dunlop and Xtrackers 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 Xtrackers. Check out your portfolio center. Please also check ongoing floating volatility patterns of Walker Dunlop and Xtrackers.
Diversification Opportunities for Walker Dunlop and Xtrackers
-0.03 | Correlation Coefficient |
Good diversification
The 3 months correlation between Walker and Xtrackers is -0.03. Overlapping area represents the amount of risk that can be diversified away by holding Walker Dunlop and Xtrackers II Global in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Xtrackers II Global 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 Xtrackers. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Xtrackers II Global has no effect on the direction of Walker Dunlop i.e., Walker Dunlop and Xtrackers go up and down completely randomly.
Pair Corralation between Walker Dunlop and Xtrackers
Allowing for the 90-day total investment horizon Walker Dunlop is expected to generate 5.15 times more return on investment than Xtrackers. However, Walker Dunlop is 5.15 times more volatile than Xtrackers II Global. It trades about 0.06 of its potential returns per unit of risk. Xtrackers II Global is currently generating about 0.01 per unit of risk. If you would invest 7,549 in Walker Dunlop on August 31, 2024 and sell it today you would earn a total of 3,469 from holding Walker Dunlop or generate 45.95% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 98.16% |
| Values | Daily Returns |
Walker Dunlop vs. Xtrackers II Global
Performance |
| Timeline |
| Walker Dunlop |
| Xtrackers II Global |
Walker Dunlop and Xtrackers Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Walker Dunlop and Xtrackers
The main advantage of trading using opposite Walker Dunlop and Xtrackers positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Walker Dunlop position performs unexpectedly, Xtrackers 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 Xtrackers will offset losses from the drop in Xtrackers' 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 |
| Xtrackers vs. Xtrackers Nikkei 225 | Xtrackers vs. iShares VII PLC | Xtrackers vs. NMI Holdings | Xtrackers vs. SIVERS SEMICONDUCTORS AB |
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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