Correlation Between Chimera Investment and Xenia Hotels
Can any of the company-specific risk be diversified away by investing in both Chimera Investment and Xenia Hotels 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 Chimera Investment and Xenia Hotels into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Chimera Investment and Xenia Hotels Resorts, you can compare the effects of market volatilities on Chimera Investment and Xenia Hotels 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 Chimera Investment with a short position of Xenia Hotels. Check out your portfolio center. Please also check ongoing floating volatility patterns of Chimera Investment and Xenia Hotels.
Diversification Opportunities for Chimera Investment and Xenia Hotels
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Chimera and Xenia is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Chimera Investment and Xenia Hotels Resorts in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Xenia Hotels Resorts and Chimera Investment 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 Chimera Investment are associated (or correlated) with Xenia Hotels. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Xenia Hotels Resorts has no effect on the direction of Chimera Investment i.e., Chimera Investment and Xenia Hotels go up and down completely randomly.
Pair Corralation between Chimera Investment and Xenia Hotels
Considering the 90-day investment horizon Chimera Investment is expected to generate 12.19 times less return on investment than Xenia Hotels. In addition to that, Chimera Investment is 1.16 times more volatile than Xenia Hotels Resorts. It trades about 0.01 of its total potential returns per unit of risk. Xenia Hotels Resorts is currently generating about 0.19 per unit of volatility. If you would invest 1,231 in Xenia Hotels Resorts on October 10, 2025 and sell it today you would earn a total of 243.00 from holding Xenia Hotels Resorts or generate 19.74% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Chimera Investment vs. Xenia Hotels Resorts
Performance |
| Timeline |
| Chimera Investment |
| Xenia Hotels Resorts |
Chimera Investment and Xenia Hotels Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Chimera Investment and Xenia Hotels
The main advantage of trading using opposite Chimera Investment and Xenia Hotels positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Chimera Investment position performs unexpectedly, Xenia Hotels 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 Xenia Hotels will offset losses from the drop in Xenia Hotels' long position.| Chimera Investment vs. Rithm Capital Corp | Chimera Investment vs. First Industrial Realty | Chimera Investment vs. STAG Industrial | Chimera Investment vs. Vornado Realty Trust |
| Xenia Hotels vs. Pebblebrook Hotel Trust | Xenia Hotels vs. RLJ Lodging Trust | Xenia Hotels vs. American Assets Trust | Xenia Hotels vs. Alexanders |
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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