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Correlation Between Acadia Realty and Realty Income

Analyzing existing cross correlation between Acadia Realty Trust and Realty Income Corporation. You can compare the effects of market volatilities on Acadia Realty 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 Acadia Realty with a short position of Realty Income. Check out your portfolio center. Please also check ongoing floating volatility patterns of Acadia Realty and Realty Income.

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Diversification Opportunities for Acadia Realty and Realty Income

Acadia Realty Trust diversification synergy
-0.24
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Very good diversification

The 3 months correlation between Acadia and Realty is -0.24. Overlapping area represents the amount of risk that can be diversified away by holding Acadia Realty Trust and Realty Income Corp. in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Realty Income and Acadia 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 Acadia Realty Trust 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 Acadia Realty i.e. Acadia Realty and Realty Income go up and down completely randomly.

Pair Corralation between Acadia Realty and Realty Income

Considering 30-days investment horizon, Acadia Realty Trust is expected to under-perform the Realty Income. But the stock apears to be less risky and, when comparing its historical volatility, Acadia Realty Trust is 1.2 times less risky than Realty Income. The stock trades about -0.14 of its potential returns per unit of risk. The Realty Income Corporation is currently generating about -0.03 of returns per unit of risk over similar time horizon. If you would invest  7,549  in Realty Income Corporation on January 29, 2020 and sell it today you would lose (260.00)  from holding Realty Income Corporation or give up 3.44% of portfolio value over 30 days.
Time Period3 Months [change]
DirectionMoves Against 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Acadia Realty Trust  vs.  Realty Income Corp.

 Performance (%) 
    
  Timeline 
Acadia Realty Trust 
00

Risk-Adjusted Performance

Over the last 30 days Acadia Realty Trust has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of latest conflicting performance, the Stock's forward-looking signals remain invariable and the latest agitation on Wall Street may also be a sign of long running gains for the enterprise management.
Realty Income 
00

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. Allthough quite persistent forward indicators, Realty Income is not utilizing all of its potentials. The current stock price mess, may contribute to short term losses for the partners.

Acadia Realty and Realty Income Volatility Contrast

 Predicted Return Density 
    
  Returns 
Check out your portfolio center. Please also try Money Flow Index module to determine momentum by analyzing money flow index and other technical indicators.