Correlation Between Arbor Realty and INTNED
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By analyzing existing cross correlation between Arbor Realty Trust and INTNED 547761 01 APR 27, you can compare the effects of market volatilities on Arbor Realty and INTNED 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 Arbor Realty with a short position of INTNED. Check out your portfolio center. Please also check ongoing floating volatility patterns of Arbor Realty and INTNED.
Diversification Opportunities for Arbor Realty and INTNED
0.1 | Correlation Coefficient |
Average diversification
The 3 months correlation between Arbor and INTNED is 0.1. Overlapping area represents the amount of risk that can be diversified away by holding Arbor Realty Trust and INTNED 547761 01 APR 27 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on INTNED 547761 01 and Arbor Realty 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 Arbor Realty Trust are associated (or correlated) with INTNED. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of INTNED 547761 01 has no effect on the direction of Arbor Realty i.e., Arbor Realty and INTNED go up and down completely randomly.
Pair Corralation between Arbor Realty and INTNED
Considering the 90-day investment horizon Arbor Realty Trust is expected to under-perform the INTNED. In addition to that, Arbor Realty is 3.24 times more volatile than INTNED 547761 01 APR 27. It trades about -0.18 of its total potential returns per unit of risk. INTNED 547761 01 APR 27 is currently generating about -0.44 per unit of volatility. If you would invest 10,038 in INTNED 547761 01 APR 27 on October 25, 2024 and sell it today you would lose (154.00) from holding INTNED 547761 01 APR 27 or give up 1.53% of portfolio value over 90 days.
Time Period | 3 Months [change] |
Direction | Moves Together |
Strength | Insignificant |
Accuracy | 38.89% |
Values | Daily Returns |
Arbor Realty Trust vs. INTNED 547761 01 APR 27
Performance |
Timeline |
Arbor Realty Trust |
INTNED 547761 01 |
Arbor Realty and INTNED Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with Arbor Realty and INTNED
The main advantage of trading using opposite Arbor Realty and INTNED positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Arbor Realty position performs unexpectedly, INTNED 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 INTNED will offset losses from the drop in INTNED's long position.Arbor Realty vs. Starwood Property Trust | Arbor Realty vs. Ready Capital Corp | Arbor Realty vs. Two Harbors Investments | Arbor Realty vs. AGNC Investment Corp |
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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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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