Correlation Between FrontView REIT, and Atlas Financial

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

By analyzing existing cross correlation between FrontView REIT, and Atlas Financial Holdings, you can compare the effects of market volatilities on FrontView REIT, and Atlas Financial 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 Atlas Financial. Check out your portfolio center. Please also check ongoing floating volatility patterns of FrontView REIT, and Atlas Financial.

Diversification Opportunities for FrontView REIT, and Atlas Financial

0.0

Correlation Coefficient

FrontView REIT,  Atlas Financial

Pay attention - limited upside

The 3 months correlation between FrontView and Atlas is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding FrontView REIT, and Atlas Financial Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Atlas Financial Holdings 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 Atlas Financial. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Atlas Financial Holdings has no effect on the direction of FrontView REIT, i.e., FrontView REIT, and Atlas Financial go up and down completely randomly.

Pair Corralation between FrontView REIT, and Atlas Financial

If you would invest (100.00) in Atlas Financial Holdings on October 13, 2024 and sell it today you would earn a total of  100.00  from holding Atlas Financial Holdings or generate -100.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

FrontView REIT,  vs.  Atlas Financial Holdings

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 fragile performance in the last few months, the Stock's basic indicators remain relatively invariable which may send shares a bit higher in February 2025. The latest agitation may also be a sign of long-running up-swing for the enterprise retail investors.

Atlas Financial Holdings

Risk-Adjusted Performance

0 of 100

Very Weak

Over the last 90 days Atlas Financial Holdings has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fairly strong technical and fundamental indicators, Atlas Financial is not utilizing all of its potentials. The recent stock price confusion, may contribute to short-horizon losses for the traders.

Pair Trading with FrontView REIT, and Atlas Financial

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

The idea behind FrontView REIT, and Atlas Financial Holdings 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.