Correlation Analysis Between Alexandria Real and Brandywine Realty

This module allows you to analyze existing cross correlation between Alexandria Real Estate Equities and Brandywine Realty Trust. You can compare the effects of market volatilities on Alexandria Real and Brandywine Realty 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 Alexandria Real with a short position of Brandywine Realty. See also your portfolio center. Please also check ongoing floating volatility patterns of Alexandria Real and Brandywine Realty.
Horizon     30 Days    Login   to change
Symbolsvs
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Comparative Performance

Alexandria Real Estate  
99

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Alexandria Real Estate Equities are ranked lower than 9 (%) of all global equities and portfolios over the last 30 days. In spite of rather conflicting fundamental drivers, Alexandria Real may actually be approaching a critical reversion point that can send shares even higher in January 2020.
Brandywine Realty Trust  
33

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Brandywine Realty Trust are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days. Allthough quite persistent forward indicators, Brandywine Realty is not utilizing all of its potentials. The ongoing stock price mess, may contribute to short term losses for the partners.

Alexandria Real and Brandywine Realty Volatility Contrast

 Predicted Return Density 
      Returns 

Alexandria Real Estate Equitie  vs.  Brandywine Realty Trust

 Performance (%) 
      Timeline 

Pair Volatility

Considering 30-days investment horizon, Alexandria Real Estate Equities is expected to generate 0.82 times more return on investment than Brandywine Realty. However, Alexandria Real Estate Equities is 1.22 times less risky than Brandywine Realty. It trades about 0.14 of its potential returns per unit of risk. Brandywine Realty Trust is currently generating about 0.05 per unit of risk. If you would invest  15,233  in Alexandria Real Estate Equities on November 10, 2019 and sell it today you would earn a total of  1,007  from holding Alexandria Real Estate Equities or generate 6.61% return on investment over 30 days.

Pair Corralation between Alexandria Real and Brandywine Realty

0.67
Time Period3 Months [change]
DirectionPositive 
StrengthSignificant
Accuracy98.44%
ValuesDaily Returns

Diversification Opportunities for Alexandria Real and Brandywine Realty

Alexandria Real Estate Equitie diversification synergy

Poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding Alexandria Real Estate Equitie and Brandywine Realty Trust in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Brandywine Realty Trust and Alexandria 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 Alexandria Real Estate Equities are associated (or correlated) with Brandywine Realty. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Brandywine Realty Trust has no effect on the direction of Alexandria Real i.e. Alexandria Real and Brandywine Realty go up and down completely randomly.
See also your portfolio center. Please also try Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.


 
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