Correlation Between Kilroy Realty and Rexford Industrial
Can any of the company-specific risk be diversified away by investing in both Kilroy Realty and Rexford Industrial 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 Kilroy Realty and Rexford Industrial into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Kilroy Realty Corp and Rexford Industrial Realty, you can compare the effects of market volatilities on Kilroy Realty and Rexford Industrial 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 Kilroy Realty with a short position of Rexford Industrial. Check out your portfolio center. Please also check ongoing floating volatility patterns of Kilroy Realty and Rexford Industrial.
Diversification Opportunities for Kilroy Realty and Rexford Industrial
0.18 | Correlation Coefficient |
Average diversification
The 3 months correlation between Kilroy and Rexford is 0.18. Overlapping area represents the amount of risk that can be diversified away by holding Kilroy Realty Corp and Rexford Industrial Realty in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Rexford Industrial Realty and Kilroy Realty 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 Kilroy Realty Corp are associated (or correlated) with Rexford Industrial. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Rexford Industrial Realty has no effect on the direction of Kilroy Realty i.e., Kilroy Realty and Rexford Industrial go up and down completely randomly.
Pair Corralation between Kilroy Realty and Rexford Industrial
Considering the 90-day investment horizon Kilroy Realty Corp is expected to generate 0.96 times more return on investment than Rexford Industrial. However, Kilroy Realty Corp is 1.04 times less risky than Rexford Industrial. It trades about 0.06 of its potential returns per unit of risk. Rexford Industrial Realty is currently generating about 0.03 per unit of risk. If you would invest 4,106 in Kilroy Realty Corp on August 29, 2025 and sell it today you would earn a total of 204.00 from holding Kilroy Realty Corp or generate 4.97% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Kilroy Realty Corp vs. Rexford Industrial Realty
Performance |
| Timeline |
| Kilroy Realty Corp |
| Rexford Industrial Realty |
Kilroy Realty and Rexford Industrial Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Kilroy Realty and Rexford Industrial
The main advantage of trading using opposite Kilroy Realty and Rexford Industrial positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Kilroy Realty position performs unexpectedly, Rexford Industrial 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 Rexford Industrial will offset losses from the drop in Rexford Industrial's long position.| Kilroy Realty vs. The Peoples Insurance | Kilroy Realty vs. Hamilton Insurance Group, | Kilroy Realty vs. American Coastal Insurance | Kilroy Realty vs. Quaker Chemical |
| Rexford Industrial vs. First Industrial Realty | Rexford Industrial vs. Healthcare Realty Trust | Rexford Industrial vs. Boardwalk Real Estate | Rexford Industrial vs. Canadian Apartment Properties |
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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Other Complementary Tools
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Fundamental Analysis View fundamental data based on most recent published financial statements |