Correlation Between FrontView REIT, and FLAT GLASS

Can any of the company-specific risk be diversified away by investing in both FrontView REIT, and FLAT GLASS 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 FrontView REIT, and FLAT GLASS into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between FrontView REIT, and FLAT GLASS GROUP, you can compare the effects of market volatilities on FrontView REIT, and FLAT GLASS 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 FrontView REIT, with a short position of FLAT GLASS. Check out your portfolio center. Please also check ongoing floating volatility patterns of FrontView REIT, and FLAT GLASS.

Diversification Opportunities for FrontView REIT, and FLAT GLASS

0.21

Correlation Coefficient

FrontView REIT,  FLAT GLASS

Modest diversification

The 3 months correlation between FrontView and FLAT is 0.21. Overlapping area represents the amount of risk that can be diversified away by holding FrontView REIT, and FLAT GLASS GROUP in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on FLAT GLASS GROUP and FrontView REIT, 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 FrontView REIT, are associated (or correlated) with FLAT GLASS. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of FLAT GLASS GROUP has no effect on the direction of FrontView REIT, i.e., FrontView REIT, and FLAT GLASS go up and down completely randomly.

Pair Corralation between FrontView REIT, and FLAT GLASS

Considering the 90-day investment horizon FrontView REIT, is expected to generate 4.07 times less return on investment than FLAT GLASS. But when comparing it to its historical volatility, FrontView REIT, is 3.39 times less risky than FLAT GLASS. It trades about 0.11 of its potential returns per unit of risk. FLAT GLASS GROUP is currently generating about 0.13 of returns per unit of risk over similar time horizon. If you would invest  135.00  in FLAT GLASS GROUP on September 18, 2024 and sell it today you would earn a total of  14.00  from holding FLAT GLASS GROUP or generate 10.37% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Very Weak
Accuracy	95.24%
Values	Daily Returns

FrontView REIT,  vs.  FLAT GLASS GROUP

FrontView REIT,

Risk-Adjusted Performance

0 of 100

Very Weak

Over the last 90 days FrontView REIT, has generated negative risk-adjusted returns adding no value to investors with long positions. Even with relatively invariable basic indicators, FrontView REIT, is not utilizing all of its potentials. The current stock price agitation, may contribute to short-term losses for the retail investors.

FLAT GLASS GROUP

Risk-Adjusted Performance

13 of 100

Good

Compared to the overall equity markets, risk-adjusted returns on investments in FLAT GLASS GROUP are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile basic indicators, FLAT GLASS reported solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with FrontView REIT, and FLAT GLASS

The main advantage of trading using opposite FrontView REIT, and FLAT GLASS positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if FrontView REIT, position performs unexpectedly, FLAT GLASS 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 FLAT GLASS will offset losses from the drop in FLAT GLASS's long position.

The idea behind FrontView REIT, and FLAT GLASS GROUP pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.