Correlation Between AMREP and Kennedy Wilson
Can any of the company-specific risk be diversified away by investing in both AMREP and Kennedy Wilson 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 AMREP and Kennedy Wilson into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between AMREP and Kennedy Wilson Holdings, you can compare the effects of market volatilities on AMREP and Kennedy Wilson 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 AMREP with a short position of Kennedy Wilson. Check out your portfolio center. Please also check ongoing floating volatility patterns of AMREP and Kennedy Wilson.
Diversification Opportunities for AMREP and Kennedy Wilson
0.21 | Correlation Coefficient |
Modest diversification
The 3 months correlation between AMREP and Kennedy is 0.21. Overlapping area represents the amount of risk that can be diversified away by holding AMREP and Kennedy Wilson Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Kennedy Wilson Holdings and AMREP 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 AMREP are associated (or correlated) with Kennedy Wilson. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kennedy Wilson Holdings has no effect on the direction of AMREP i.e., AMREP and Kennedy Wilson go up and down completely randomly.
Pair Corralation between AMREP and Kennedy Wilson
Considering the 90-day investment horizon AMREP is expected to under-perform the Kennedy Wilson. In addition to that, AMREP is 1.24 times more volatile than Kennedy Wilson Holdings. It trades about 0.0 of its total potential returns per unit of risk. Kennedy Wilson Holdings is currently generating about 0.25 per unit of volatility. If you would invest 652.00 in Kennedy Wilson Holdings on June 8, 2025 and sell it today you would earn a total of 225.00 from holding Kennedy Wilson Holdings or generate 34.51% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
AMREP vs. Kennedy Wilson Holdings
Performance |
| Timeline |
| AMREP |
| Kennedy Wilson Holdings |
AMREP and Kennedy Wilson Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with AMREP and Kennedy Wilson
The main advantage of trading using opposite AMREP and Kennedy Wilson positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if AMREP position performs unexpectedly, Kennedy Wilson 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 Kennedy Wilson will offset losses from the drop in Kennedy Wilson's long position.| AMREP vs. Alexanders | AMREP vs. American Realty Investors | AMREP vs. Forestar Group | AMREP vs. Five Point Holdings |
| Kennedy Wilson vs. Frp Holdings Ord | Kennedy Wilson vs. Transcontinental Realty Investors | Kennedy Wilson vs. Anywhere Real Estate | Kennedy Wilson vs. Re Max Holding |
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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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