Correlation Between FrontView REIT, and Gozde Girisim

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

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

Diversification Opportunities for FrontView REIT, and Gozde Girisim

-0.45

Correlation Coefficient

FrontView REIT,  Gozde Girisim

Very good diversification

The 3 months correlation between FrontView and Gozde is -0.45. Overlapping area represents the amount of risk that can be diversified away by holding FrontView REIT, and Gozde Girisim Sermayesi in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Gozde Girisim Sermayesi 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 Gozde Girisim. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Gozde Girisim Sermayesi has no effect on the direction of FrontView REIT, i.e., FrontView REIT, and Gozde Girisim go up and down completely randomly.

Pair Corralation between FrontView REIT, and Gozde Girisim

Considering the 90-day investment horizon FrontView REIT, is expected to under-perform the Gozde Girisim. But the stock apears to be less risky and, when comparing its historical volatility, FrontView REIT, is 1.38 times less risky than Gozde Girisim. The stock trades about -0.08 of its potential returns per unit of risk. The Gozde Girisim Sermayesi is currently generating about 0.07 of returns per unit of risk over similar time horizon. If you would invest  2,596  in Gozde Girisim Sermayesi on September 23, 2024 and sell it today you would earn a total of  72.00  from holding Gozde Girisim Sermayesi or generate 2.77% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Very Weak
Accuracy	95.45%
Values	Daily Returns

FrontView REIT,  vs.  Gozde Girisim Sermayesi

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.

Gozde Girisim Sermayesi

Risk-Adjusted Performance

0 of 100

Very Weak

Over the last 90 days Gozde Girisim Sermayesi has generated negative risk-adjusted returns adding no value to investors with long positions. Despite inconsistent performance in the last few months, the Stock's forward indicators remain fairly strong which may send shares a bit higher in January 2025. The recent confusion may also be a sign of long-lasting up-swing for the firm traders.

Pair Trading with FrontView REIT, and Gozde Girisim

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

The idea behind FrontView REIT, and Gozde Girisim Sermayesi 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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.