Pair Correlation Between Equity One and Realty Income

This module allows you to analyze existing cross correlation between Equity One Inc and Realty Income Corporation. You can compare the effects of market volatilities on Equity One and Realty Income 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 Equity One with a short position of Realty Income. See also your portfolio center. Please also check ongoing floating volatility patterns of Equity One and Realty Income.
Investment Horizon     30 Days    Login   to change
Symbolsvs
 Equity One Inc  vs   Realty Income Corp.
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  3,085  in Equity One Inc on September 20, 2017 and sell it today you would earn a total of  0.00  from holding Equity One Inc or generate 0.0% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Equity One and Realty Income
-0.26

Parameters

Time Period1 Month [change]
DirectionNegative 
StrengthInsignificant
Accuracy4.35%
ValuesDaily Returns

Diversification

Very good diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 

Realty Income

  
0 

Risk-Adjusted Performance

Over the last 30 days Realty Income Corporation has generated negative risk-adjusted returns adding no value to investors with long positions.