Correlation Between Cto Realty and HITHINK ROYALFLUSH

Specify exactly 2 symbols:
Can any of the company-specific risk be diversified away by investing in both Cto Realty and HITHINK ROYALFLUSH 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 Cto Realty and HITHINK ROYALFLUSH into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Cto Realty Growth and HITHINK ROYALFLUSH, you can compare the effects of market volatilities on Cto Realty and HITHINK ROYALFLUSH 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 Cto Realty with a short position of HITHINK ROYALFLUSH. Check out your portfolio center. Please also check ongoing floating volatility patterns of Cto Realty and HITHINK ROYALFLUSH.

Diversification Opportunities for Cto Realty and HITHINK ROYALFLUSH

0.28
  Correlation Coefficient

Modest diversification

The 3 months correlation between Cto Realty and HITHINK is 0.28. Overlapping area represents the amount of risk that can be diversified away by holding Cto Realty Growth and HITHINK ROYALFLUSH in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on HITHINK ROYALFLUSH and Cto Realty 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 Cto Realty Growth are associated (or correlated) with HITHINK ROYALFLUSH. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of HITHINK ROYALFLUSH has no effect on the direction of Cto Realty i.e., Cto Realty and HITHINK ROYALFLUSH go up and down completely randomly.

Pair Corralation between Cto Realty and HITHINK ROYALFLUSH

Considering the 90-day investment horizon Cto Realty Growth is expected to generate 1.35 times more return on investment than HITHINK ROYALFLUSH. However, Cto Realty is 1.35 times more volatile than HITHINK ROYALFLUSH. It trades about -0.19 of its potential returns per unit of risk. HITHINK ROYALFLUSH is currently generating about -0.33 per unit of risk. If you would invest  2,059  in Cto Realty Growth on July 5, 2022 and sell it today you would lose (177.00)  from holding Cto Realty Growth or give up 8.6% of portfolio value over 90 days.
Time Period3 Months [change]
DirectionMoves Together 
StrengthVery Weak
Accuracy80.95%
ValuesDaily Returns

Cto Realty Growth  vs.  HITHINK ROYALFLUSH

 Performance (%) 
       Timeline  
Cto Realty Growth 
Cto Realty Performance
0 of 100
Over the last 90 days Cto Realty Growth has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest weak performance, the Stock's basic indicators remain persistent and the latest mess on Wall Street may also be a sign of long-standing gains for the company institutional investors.

Cto Realty Price Channel

HITHINK ROYALFLUSH 
HITHINK Performance
0 of 100
Over the last 90 days HITHINK ROYALFLUSH has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Stock's basic indicators remain somewhat strong which may send shares a bit higher in November 2022. The current disturbance may also be a sign of long term up-swing for the company investors.

HITHINK Price Channel

Cto Realty and HITHINK ROYALFLUSH Volatility Contrast

   Predicted Return Density   
       Returns  

Pair Trading with Cto Realty and HITHINK ROYALFLUSH

The main advantage of trading using opposite Cto Realty and HITHINK ROYALFLUSH positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Cto Realty position performs unexpectedly, HITHINK ROYALFLUSH 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 HITHINK ROYALFLUSH will offset losses from the drop in HITHINK ROYALFLUSH's long position.
Cto Realty vs. WP Carey Co
The idea behind Cto Realty Growth and HITHINK ROYALFLUSH pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.
HITHINK ROYALFLUSH vs. FUJIAN BOSS SOFTWA
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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Other Complementary Tools

Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Go
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Go
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Go
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Go
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Go
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Go
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Go
Focused Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Go
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Go