Correlation Between Healthpeak Properties and Belpointe PREP
Can any of the company-specific risk be diversified away by investing in both Healthpeak Properties and Belpointe PREP at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Healthpeak Properties and Belpointe PREP into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Healthpeak Properties and Belpointe PREP LLC, you can compare the effects of market volatilities on Healthpeak Properties and Belpointe PREP 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 Healthpeak Properties with a short position of Belpointe PREP. Check out your portfolio center. Please also check ongoing floating volatility patterns of Healthpeak Properties and Belpointe PREP.
Diversification Opportunities for Healthpeak Properties and Belpointe PREP
-0.59 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Healthpeak and Belpointe is -0.59. Overlapping area represents the amount of risk that can be diversified away by holding Healthpeak Properties and Belpointe PREP LLC in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Belpointe PREP LLC and Healthpeak Properties 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 Healthpeak Properties are associated (or correlated) with Belpointe PREP. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Belpointe PREP LLC has no effect on the direction of Healthpeak Properties i.e., Healthpeak Properties and Belpointe PREP go up and down completely randomly.
Pair Corralation between Healthpeak Properties and Belpointe PREP
Considering the 90-day investment horizon Healthpeak Properties is expected to generate 0.85 times more return on investment than Belpointe PREP. However, Healthpeak Properties is 1.18 times less risky than Belpointe PREP. It trades about -0.01 of its potential returns per unit of risk. Belpointe PREP LLC is currently generating about -0.01 per unit of risk. If you would invest 2,262 in Healthpeak Properties on September 24, 2024 and sell it today you would lose (250.00) from holding Healthpeak Properties or give up 11.05% of portfolio value over 90 days.
Time Period | 3 Months [change] |
Direction | Moves Against |
Strength | Very Weak |
Accuracy | 100.0% |
Values | Daily Returns |
Healthpeak Properties vs. Belpointe PREP LLC
Performance |
Timeline |
Healthpeak Properties |
Belpointe PREP LLC |
Healthpeak Properties and Belpointe PREP Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with Healthpeak Properties and Belpointe PREP
The main advantage of trading using opposite Healthpeak Properties and Belpointe PREP positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Healthpeak Properties position performs unexpectedly, Belpointe PREP 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 Belpointe PREP will offset losses from the drop in Belpointe PREP's long position.Healthpeak Properties vs. Realty Income | Healthpeak Properties vs. Healthcare Realty Trust | Healthpeak Properties vs. Park Hotels Resorts | Healthpeak Properties vs. Power REIT |
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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 Commodity Directory module to find actively traded commodities issued by global exchanges.
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