Correlation Between Listed Funds and KIMCO
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By analyzing existing cross correlation between Listed Funds Trust and KIMCO RLTY P, you can compare the effects of market volatilities on Listed Funds and KIMCO 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 Listed Funds with a short position of KIMCO. Check out your portfolio center. Please also check ongoing floating volatility patterns of Listed Funds and KIMCO.
Diversification Opportunities for Listed Funds and KIMCO
-0.32 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Listed and KIMCO is -0.32. Overlapping area represents the amount of risk that can be diversified away by holding Listed Funds Trust and KIMCO RLTY P in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on KIMCO RLTY P and Listed Funds 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 Listed Funds Trust are associated (or correlated) with KIMCO. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of KIMCO RLTY P has no effect on the direction of Listed Funds i.e., Listed Funds and KIMCO go up and down completely randomly.
Pair Corralation between Listed Funds and KIMCO
Given the investment horizon of 90 days Listed Funds Trust is expected to generate 1.9 times more return on investment than KIMCO. However, Listed Funds is 1.9 times more volatile than KIMCO RLTY P. It trades about 0.24 of its potential returns per unit of risk. KIMCO RLTY P is currently generating about 0.01 per unit of risk. If you would invest 2,675 in Listed Funds Trust on September 25, 2024 and sell it today you would earn a total of 30.00 from holding Listed Funds Trust or generate 1.12% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Moves Against |
Strength | Insignificant |
Accuracy | 95.24% |
Values | Daily Returns |
Listed Funds Trust vs. KIMCO RLTY P
Performance |
Timeline |
Listed Funds Trust |
KIMCO RLTY P |
Listed Funds and KIMCO Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with Listed Funds and KIMCO
The main advantage of trading using opposite Listed Funds and KIMCO positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Listed Funds position performs unexpectedly, KIMCO 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 KIMCO will offset losses from the drop in KIMCO's long position.Listed Funds vs. Fidelity MSCI Industrials | Listed Funds vs. Fidelity MSCI Health | Listed Funds vs. Fidelity MSCI Consumer | Listed Funds vs. Fidelity MSCI Consumer |
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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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