Correlation Analysis Between RIOCAN REAL and NYSE

This module allows you to analyze existing cross correlation between RIOCAN REAL EST UN and NYSE. You can compare the effects of market volatilities on RIOCAN REAL and NYSE 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 RIOCAN REAL with a short position of NYSE. See also your portfolio center. Please also check ongoing floating volatility patterns of RIOCAN REAL and NYSE.
Horizon     30 Days    Login   to change
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Comparative Performance


 Performance (%) 

Pair Volatility

If you would invest  1,268,791  in NYSE on October 17, 2019 and sell it today you would earn a total of  80,505  from holding NYSE or generate 6.35% return on investment over 30 days.

Pair Corralation between RIOCAN REAL and NYSE

Time Period3 Months [change]
ValuesDaily Returns

Diversification Opportunities for RIOCAN REAL and NYSE

RIOCAN REAL EST UN diversification synergy

Pay attention

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