Correlation Between Rreef Property and Dunham Real
Can any of the company-specific risk be diversified away by investing in both Rreef Property and Dunham Real 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 Rreef Property and Dunham Real into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Rreef Property Trust and Dunham Real Estate, you can compare the effects of market volatilities on Rreef Property and Dunham Real 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 Rreef Property with a short position of Dunham Real. Check out your portfolio center. Please also check ongoing floating volatility patterns of Rreef Property and Dunham Real.
Diversification Opportunities for Rreef Property and Dunham Real
-0.47 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Rreef and Dunham is -0.47. Overlapping area represents the amount of risk that can be diversified away by holding Rreef Property Trust and Dunham Real Estate in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Dunham Real Estate and Rreef Property 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 Rreef Property Trust are associated (or correlated) with Dunham Real. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Dunham Real Estate has no effect on the direction of Rreef Property i.e., Rreef Property and Dunham Real go up and down completely randomly.
Pair Corralation between Rreef Property and Dunham Real
Assuming the 90 days trading horizon Rreef Property Trust is expected to generate 0.2 times more return on investment than Dunham Real. However, Rreef Property Trust is 5.05 times less risky than Dunham Real. It trades about 0.02 of its potential returns per unit of risk. Dunham Real Estate is currently generating about -0.03 per unit of risk. If you would invest 1,320 in Rreef Property Trust on June 7, 2025 and sell it today you would earn a total of 4.00 from holding Rreef Property Trust or generate 0.3% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Rreef Property Trust vs. Dunham Real Estate
Performance |
| Timeline |
| Rreef Property Trust |
| Dunham Real Estate |
Rreef Property and Dunham Real Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Rreef Property and Dunham Real
The main advantage of trading using opposite Rreef Property and Dunham Real positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Rreef Property position performs unexpectedly, Dunham Real 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 Dunham Real will offset losses from the drop in Dunham Real's long position.| Rreef Property vs. Siit High Yield | Rreef Property vs. Federated High Yield | Rreef Property vs. Gmo High Yield | Rreef Property vs. Prudential High Yield |
| Dunham Real vs. Gmo High Yield | Dunham Real vs. Rbc Bluebay Global | Dunham Real vs. Goldman Sachs High | Dunham Real vs. Transamerica High Yield |
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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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