Correlation Between Curbline Properties and Four Corners
Can any of the company-specific risk be diversified away by investing in both Curbline Properties and Four Corners 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 Curbline Properties and Four Corners into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Curbline Properties Corp and Four Corners Property, you can compare the effects of market volatilities on Curbline Properties and Four Corners 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 Curbline Properties with a short position of Four Corners. Check out your portfolio center. Please also check ongoing floating volatility patterns of Curbline Properties and Four Corners.
Diversification Opportunities for Curbline Properties and Four Corners
-0.4 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Curbline and Four is -0.4. Overlapping area represents the amount of risk that can be diversified away by holding Curbline Properties Corp and Four Corners Property in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Four Corners Property and Curbline Properties 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 Curbline Properties Corp are associated (or correlated) with Four Corners. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Four Corners Property has no effect on the direction of Curbline Properties i.e., Curbline Properties and Four Corners go up and down completely randomly.
Pair Corralation between Curbline Properties and Four Corners
Given the investment horizon of 90 days Curbline Properties Corp is expected to generate 1.29 times more return on investment than Four Corners. However, Curbline Properties is 1.29 times more volatile than Four Corners Property. It trades about 0.06 of its potential returns per unit of risk. Four Corners Property is currently generating about -0.08 per unit of risk. If you would invest 2,231 in Curbline Properties Corp on August 26, 2025 and sell it today you would earn a total of 108.00 from holding Curbline Properties Corp or generate 4.84% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Curbline Properties Corp vs. Four Corners Property
Performance |
| Timeline |
| Curbline Properties Corp |
| Four Corners Property |
Curbline Properties and Four Corners Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Curbline Properties and Four Corners
The main advantage of trading using opposite Curbline Properties and Four Corners positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Curbline Properties position performs unexpectedly, Four Corners 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 Four Corners will offset losses from the drop in Four Corners' long position.| Curbline Properties vs. United Internet AG | Curbline Properties vs. Gamma Communications plc | Curbline Properties vs. Comtech Telecommunications Corp | Curbline Properties vs. Freedom Internet Group |
| Four Corners vs. Scandinavian Tobacco Group | Four Corners vs. United Industrial | Four Corners vs. Logansport Financial Corp | Four Corners vs. Mako Mining Corp |
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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
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