Correlation Between Yuexiu Transport and CBL Associates
Can any of the company-specific risk be diversified away by investing in both Yuexiu Transport and CBL Associates 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 Yuexiu Transport and CBL Associates into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Yuexiu Transport Infrastructure and CBL Associates Properties, you can compare the effects of market volatilities on Yuexiu Transport and CBL Associates 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 Yuexiu Transport with a short position of CBL Associates. Check out your portfolio center. Please also check ongoing floating volatility patterns of Yuexiu Transport and CBL Associates.
Diversification Opportunities for Yuexiu Transport and CBL Associates
0.7 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Yuexiu and CBL is 0.7. Overlapping area represents the amount of risk that can be diversified away by holding Yuexiu Transport Infrastructur and CBL Associates Properties in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on CBL Associates Properties and Yuexiu Transport 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 Yuexiu Transport Infrastructure are associated (or correlated) with CBL Associates. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CBL Associates Properties has no effect on the direction of Yuexiu Transport i.e., Yuexiu Transport and CBL Associates go up and down completely randomly.
Pair Corralation between Yuexiu Transport and CBL Associates
Assuming the 90 days horizon Yuexiu Transport is expected to generate 8.49 times less return on investment than CBL Associates. But when comparing it to its historical volatility, Yuexiu Transport Infrastructure is 7.53 times less risky than CBL Associates. It trades about 0.12 of its potential returns per unit of risk. CBL Associates Properties is currently generating about 0.14 of returns per unit of risk over similar time horizon. If you would invest 3,113 in CBL Associates Properties on September 9, 2025 and sell it today you would earn a total of 461.00 from holding CBL Associates Properties or generate 14.81% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 98.46% |
| Values | Daily Returns |
Yuexiu Transport Infrastructur vs. CBL Associates Properties
Performance |
| Timeline |
| Yuexiu Transport Inf |
| CBL Associates Properties |
Yuexiu Transport and CBL Associates Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Yuexiu Transport and CBL Associates
The main advantage of trading using opposite Yuexiu Transport and CBL Associates positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Yuexiu Transport position performs unexpectedly, CBL Associates 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 CBL Associates will offset losses from the drop in CBL Associates' long position.| Yuexiu Transport vs. Shenzhen Investment Holdings | Yuexiu Transport vs. Monadelphous Group Ltd | Yuexiu Transport vs. Manitou BF SA | Yuexiu Transport vs. Autohellas SA |
| CBL Associates vs. Kite Realty Group | CBL Associates vs. Site Centers Corp | CBL Associates vs. Urban Edge Properties | CBL Associates vs. Acadia Realty Trust |
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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
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