Correlation Analysis Between Boston Properties and Easterly Government

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

Boston Properties  
00

Risk-Adjusted Performance

Over the last 30 days Boston Properties has generated negative risk-adjusted returns adding no value to investors with long positions. Inspite very unfluctuating forward-looking indicators, Boston Properties is not utilizing all of its potentials. The ongoing stock price disarray, may contribute to short term momentum losses for the insiders.
Easterly Government  
1515

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Easterly Government Properties are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days. Despite somewhat weak basic indicators, Easterly Government sustained solid returns over the last few months and may actually be approaching a breakup point.

Boston Properties and Easterly Government Volatility Contrast

 Predicted Return Density 
      Returns 

Boston Properties Inc  vs.  Easterly Government Properties

 Performance (%) 
      Timeline 

Pair Volatility

Considering 30-days investment horizon, Boston Properties is expected to under-perform the Easterly Government. In addition to that, Boston Properties is 1.07 times more volatile than Easterly Government Properties. It trades about -0.05 of its total potential returns per unit of risk. Easterly Government Properties is currently generating about 0.23 per unit of volatility. If you would invest  1,832  in Easterly Government Properties on August 20, 2019 and sell it today you would earn a total of  259.00  from holding Easterly Government Properties or generate 14.14% return on investment over 30 days.

Pair Corralation between Boston Properties and Easterly Government

-0.35
Time Period3 Months [change]
DirectionNegative 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Boston Properties and Easterly Government

Boston Properties Inc diversification synergy

Very good diversification

Overlapping area represents the amount of risk that can be diversified away by holding Boston Properties Inc and Easterly Government Properties in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Easterly Government and Boston Properties 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 Boston Properties are associated (or correlated) with Easterly Government. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Easterly Government has no effect on the direction of Boston Properties i.e. Boston Properties and Easterly Government go up and down completely randomly.
See also your portfolio center. Please also try Companies Directory module to evaluate performance of over 100,000 stocks, funds, and etfs against different fundamentals.


 
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