Correlation Between Walker Dunlop and Amplify Bitcoin
Can any of the company-specific risk be diversified away by investing in both Walker Dunlop and Amplify Bitcoin 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 Walker Dunlop and Amplify Bitcoin into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Walker Dunlop and Amplify Bitcoin Max, you can compare the effects of market volatilities on Walker Dunlop and Amplify Bitcoin 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 Walker Dunlop with a short position of Amplify Bitcoin. Check out your portfolio center. Please also check ongoing floating volatility patterns of Walker Dunlop and Amplify Bitcoin.
Diversification Opportunities for Walker Dunlop and Amplify Bitcoin
0.67 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Walker and Amplify is 0.67. Overlapping area represents the amount of risk that can be diversified away by holding Walker Dunlop and Amplify Bitcoin Max in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Amplify Bitcoin Max and Walker Dunlop 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 Walker Dunlop are associated (or correlated) with Amplify Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Amplify Bitcoin Max has no effect on the direction of Walker Dunlop i.e., Walker Dunlop and Amplify Bitcoin go up and down completely randomly.
Pair Corralation between Walker Dunlop and Amplify Bitcoin
Allowing for the 90-day total investment horizon Walker Dunlop is expected to generate 1.17 times more return on investment than Amplify Bitcoin. However, Walker Dunlop is 1.17 times more volatile than Amplify Bitcoin Max. It trades about 0.24 of its potential returns per unit of risk. Amplify Bitcoin Max is currently generating about -0.12 per unit of risk. If you would invest 7,501 in Walker Dunlop on May 31, 2025 and sell it today you would earn a total of 1,038 from holding Walker Dunlop or generate 13.84% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Walker Dunlop vs. Amplify Bitcoin Max
Performance |
| Timeline |
| Walker Dunlop |
| Amplify Bitcoin Max |
Walker Dunlop and Amplify Bitcoin Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Walker Dunlop and Amplify Bitcoin
The main advantage of trading using opposite Walker Dunlop and Amplify Bitcoin positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Walker Dunlop position performs unexpectedly, Amplify Bitcoin 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 Amplify Bitcoin will offset losses from the drop in Amplify Bitcoin's long position.| Walker Dunlop vs. Encore Capital Group | Walker Dunlop vs. Greystone Housing Impact | Walker Dunlop vs. Kinsale Capital Group | Walker Dunlop vs. Live Oak Bancshares, |
| Amplify Bitcoin vs. Vanguard Total Stock | Amplify Bitcoin vs. SPDR SP 500 | Amplify Bitcoin vs. iShares Core SP | Amplify Bitcoin vs. Vanguard Total Bond |
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 Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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