Correlation Between Manhattan Bridge and AFC Gamma
Can any of the company-specific risk be diversified away by investing in both Manhattan Bridge and AFC Gamma 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 Manhattan Bridge and AFC Gamma into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Manhattan Bridge Capital and AFC Gamma, you can compare the effects of market volatilities on Manhattan Bridge and AFC Gamma 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 Manhattan Bridge with a short position of AFC Gamma. Check out your portfolio center. Please also check ongoing floating volatility patterns of Manhattan Bridge and AFC Gamma.
Diversification Opportunities for Manhattan Bridge and AFC Gamma
0.51 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Manhattan and AFC is 0.51. Overlapping area represents the amount of risk that can be diversified away by holding Manhattan Bridge Capital and AFC Gamma in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on AFC Gamma and Manhattan Bridge 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 Manhattan Bridge Capital are associated (or correlated) with AFC Gamma. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of AFC Gamma has no effect on the direction of Manhattan Bridge i.e., Manhattan Bridge and AFC Gamma go up and down completely randomly.
Pair Corralation between Manhattan Bridge and AFC Gamma
Given the investment horizon of 90 days Manhattan Bridge Capital is expected to generate 0.26 times more return on investment than AFC Gamma. However, Manhattan Bridge Capital is 3.8 times less risky than AFC Gamma. It trades about -0.1 of its potential returns per unit of risk. AFC Gamma is currently generating about -0.06 per unit of risk. If you would invest 525.00 in Manhattan Bridge Capital on August 16, 2025 and sell it today you would lose (34.00) from holding Manhattan Bridge Capital or give up 6.48% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Manhattan Bridge Capital vs. AFC Gamma
Performance |
| Timeline |
| Manhattan Bridge Capital |
| AFC Gamma |
Manhattan Bridge and AFC Gamma Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Manhattan Bridge and AFC Gamma
The main advantage of trading using opposite Manhattan Bridge and AFC Gamma positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Manhattan Bridge position performs unexpectedly, AFC Gamma 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 AFC Gamma will offset losses from the drop in AFC Gamma's long position.| Manhattan Bridge vs. Sachem Capital Corp | Manhattan Bridge vs. SCCG | Manhattan Bridge vs. Clipper Realty | Manhattan Bridge vs. Global Self Storage |
| AFC Gamma vs. Cherry Hill Mortgage | AFC Gamma vs. Clipper Realty | AFC Gamma vs. Global Medical REIT | AFC Gamma vs. Lument Finance 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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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