Correlation Between G III and Walker Dunlop
Can any of the company-specific risk be diversified away by investing in both G III and Walker Dunlop 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 G III and Walker Dunlop into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between G III Apparel Group and Walker Dunlop, you can compare the effects of market volatilities on G III and Walker Dunlop 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 G III with a short position of Walker Dunlop. Check out your portfolio center. Please also check ongoing floating volatility patterns of G III and Walker Dunlop.
Diversification Opportunities for G III and Walker Dunlop
-0.52 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between GIII and Walker is -0.52. Overlapping area represents the amount of risk that can be diversified away by holding G III Apparel Group and Walker Dunlop in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Walker Dunlop and G III 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 G III Apparel Group are associated (or correlated) with Walker Dunlop. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Walker Dunlop has no effect on the direction of G III i.e., G III and Walker Dunlop go up and down completely randomly.
Pair Corralation between G III and Walker Dunlop
Given the investment horizon of 90 days G III Apparel Group is expected to generate 0.88 times more return on investment than Walker Dunlop. However, G III Apparel Group is 1.14 times less risky than Walker Dunlop. It trades about 0.06 of its potential returns per unit of risk. Walker Dunlop is currently generating about -0.16 per unit of risk. If you would invest 2,763 in G III Apparel Group on September 4, 2025 and sell it today you would earn a total of 179.00 from holding G III Apparel Group or generate 6.48% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
G III Apparel Group vs. Walker Dunlop
Performance |
| Timeline |
| G III Apparel |
| Walker Dunlop |
G III and Walker Dunlop Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with G III and Walker Dunlop
The main advantage of trading using opposite G III and Walker Dunlop positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if G III position performs unexpectedly, Walker Dunlop 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 Walker Dunlop will offset losses from the drop in Walker Dunlop's long position.| G III vs. Sphere Entertainment Co | G III vs. Plaza Retail REIT | G III vs. Lippo Malls Indonesia | G III vs. GOME Retail Holdings |
| Walker Dunlop vs. G III Apparel Group | Walker Dunlop vs. Iron Road Limited | Walker Dunlop vs. Sinclair Broadcast Group | Walker Dunlop vs. Road King Infrastructure |
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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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