Correlation Between Triple Flag and Dream Industrial
Can any of the company-specific risk be diversified away by investing in both Triple Flag and Dream 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 Triple Flag and Dream Industrial into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Triple Flag Precious and Dream Industrial Real, you can compare the effects of market volatilities on Triple Flag and Dream 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 Triple Flag with a short position of Dream Industrial. Check out your portfolio center. Please also check ongoing floating volatility patterns of Triple Flag and Dream Industrial.
Diversification Opportunities for Triple Flag and Dream Industrial
-0.08 | Correlation Coefficient |
Good diversification
The 3 months correlation between Triple and Dream is -0.08. Overlapping area represents the amount of risk that can be diversified away by holding Triple Flag Precious and Dream Industrial Real in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Dream Industrial Real and Triple Flag 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 Triple Flag Precious are associated (or correlated) with Dream Industrial. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Dream Industrial Real has no effect on the direction of Triple Flag i.e., Triple Flag and Dream Industrial go up and down completely randomly.
Pair Corralation between Triple Flag and Dream Industrial
Given the investment horizon of 90 days Triple Flag Precious is expected to generate 2.2 times more return on investment than Dream Industrial. However, Triple Flag is 2.2 times more volatile than Dream Industrial Real. It trades about 0.09 of its potential returns per unit of risk. Dream Industrial Real is currently generating about -0.02 per unit of risk. If you would invest 2,873 in Triple Flag Precious on September 8, 2025 and sell it today you would earn a total of 402.00 from holding Triple Flag Precious or generate 13.99% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Triple Flag Precious vs. Dream Industrial Real
Performance |
| Timeline |
| Triple Flag Precious |
| Dream Industrial Real |
Triple Flag and Dream Industrial Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Triple Flag and Dream Industrial
The main advantage of trading using opposite Triple Flag and Dream Industrial positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Triple Flag position performs unexpectedly, Dream 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 Dream Industrial will offset losses from the drop in Dream Industrial's long position.| Triple Flag vs. Plaza Retail REIT | Triple Flag vs. Fast Retailing Co | Triple Flag vs. Chemtrade Logistics Income | Triple Flag vs. G III Apparel Group |
| Dream Industrial vs. Office Properties Income | Dream Industrial vs. Tuxis | Dream Industrial vs. CSG Systems International | Dream Industrial vs. Fujitsu Ltd ADR |
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 Equity Valuation module to check real value of public entities based on technical and fundamental data.
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