Correlation Between Plaza Retail and Stem Holdings
Can any of the company-specific risk be diversified away by investing in both Plaza Retail and Stem Holdings 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 Plaza Retail and Stem Holdings into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Plaza Retail REIT and Stem Holdings, you can compare the effects of market volatilities on Plaza Retail and Stem Holdings 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 Plaza Retail with a short position of Stem Holdings. Check out your portfolio center. Please also check ongoing floating volatility patterns of Plaza Retail and Stem Holdings.
Diversification Opportunities for Plaza Retail and Stem Holdings
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Plaza and Stem is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Plaza Retail REIT and Stem Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Stem Holdings and Plaza Retail 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 Plaza Retail REIT are associated (or correlated) with Stem Holdings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Stem Holdings has no effect on the direction of Plaza Retail i.e., Plaza Retail and Stem Holdings go up and down completely randomly.
Pair Corralation between Plaza Retail and Stem Holdings
If you would invest 0.01 in Stem Holdings on September 11, 2025 and sell it today you would earn a total of 0.00 from holding Stem Holdings or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Plaza Retail REIT vs. Stem Holdings
Performance |
| Timeline |
| Plaza Retail REIT |
| Stem Holdings |
Plaza Retail and Stem Holdings Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Plaza Retail and Stem Holdings
The main advantage of trading using opposite Plaza Retail and Stem Holdings positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Plaza Retail position performs unexpectedly, Stem Holdings 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 Stem Holdings will offset losses from the drop in Stem Holdings' long position.| Plaza Retail vs. Mediterranean Towers | Plaza Retail vs. LSL Property Services | Plaza Retail vs. Ayala Land | Plaza Retail vs. Jinmao Property Services |
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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 CEOs Directory module to screen CEOs from public companies around the world.
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