Correlation Between Lend Lease and Dupont De
Can any of the company-specific risk be diversified away by investing in both Lend Lease and Dupont De 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 Lend Lease and Dupont De into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Lend Lease Group and Dupont De Nemours, you can compare the effects of market volatilities on Lend Lease and Dupont De 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 Lend Lease with a short position of Dupont De. Check out your portfolio center. Please also check ongoing floating volatility patterns of Lend Lease and Dupont De.
Diversification Opportunities for Lend Lease and Dupont De
-0.83 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Lend and Dupont is -0.83. Overlapping area represents the amount of risk that can be diversified away by holding Lend Lease Group and Dupont De Nemours in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Dupont De Nemours and Lend Lease 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 Lend Lease Group are associated (or correlated) with Dupont De. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Dupont De Nemours has no effect on the direction of Lend Lease i.e., Lend Lease and Dupont De go up and down completely randomly.
Pair Corralation between Lend Lease and Dupont De
Assuming the 90 days horizon Lend Lease Group is expected to under-perform the Dupont De. In addition to that, Lend Lease is 1.02 times more volatile than Dupont De Nemours. It trades about -0.18 of its total potential returns per unit of risk. Dupont De Nemours is currently generating about 0.25 per unit of volatility. If you would invest 3,438 in Dupont De Nemours on August 30, 2025 and sell it today you would earn a total of 506.00 from holding Dupont De Nemours or generate 14.72% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Significant |
| Accuracy | 95.65% |
| Values | Daily Returns |
Lend Lease Group vs. Dupont De Nemours
Performance |
| Timeline |
| Lend Lease Group |
| Dupont De Nemours |
Lend Lease and Dupont De Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Lend Lease and Dupont De
The main advantage of trading using opposite Lend Lease and Dupont De positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Lend Lease position performs unexpectedly, Dupont De 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 Dupont De will offset losses from the drop in Dupont De's long position.| Lend Lease vs. Khiron Life Sciences | Lend Lease vs. BlueScope Steel Ltd | Lend Lease vs. Robix Environmental Technologies | Lend Lease vs. Nordic Semiconductor ASA |
| Dupont De vs. H2O Retailing | Dupont De vs. Lend Lease Group | Dupont De vs. InRetail Per Corp | Dupont De vs. Caseys General Stores |
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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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