Correlation Between BTB Real and Slate Office
Can any of the company-specific risk be diversified away by investing in both BTB Real and Slate Office 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 BTB Real and Slate Office into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between BTB Real Estate and Slate Office REIT, you can compare the effects of market volatilities on BTB Real and Slate Office 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 BTB Real with a short position of Slate Office. Check out your portfolio center. Please also check ongoing floating volatility patterns of BTB Real and Slate Office.
Diversification Opportunities for BTB Real and Slate Office
0.55 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between BTB and Slate is 0.55. Overlapping area represents the amount of risk that can be diversified away by holding BTB Real Estate and Slate Office REIT in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Slate Office REIT and BTB Real 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 BTB Real Estate are associated (or correlated) with Slate Office. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Slate Office REIT has no effect on the direction of BTB Real i.e., BTB Real and Slate Office go up and down completely randomly.
Pair Corralation between BTB Real and Slate Office
If you would invest 271.00 in BTB Real Estate on July 20, 2025 and sell it today you would earn a total of 4.00 from holding BTB Real Estate or generate 1.48% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
BTB Real Estate vs. Slate Office REIT
Performance |
| Timeline |
| BTB Real Estate |
| Slate Office REIT |
BTB Real and Slate Office Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with BTB Real and Slate Office
The main advantage of trading using opposite BTB Real and Slate Office positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if BTB Real position performs unexpectedly, Slate Office 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 Slate Office will offset losses from the drop in Slate Office's long position.| BTB Real vs. Slate Office REIT | BTB Real vs. COPT Defense Properties | BTB Real vs. Franklin Street Properties | BTB Real vs. Douglas Emmett |
| Slate Office vs. BTB Real Estate | Slate Office vs. City Office | Slate Office vs. Vornado Realty Trust | Slate Office vs. Slate Grocery REIT |
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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
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