Correlation Analysis Between Boston Properties and Digital Realty

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

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.
Digital Realty Trust  
00

Risk-Adjusted Performance

Over the last 30 days Digital Realty Trust has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of relatively invariable forward-looking signals, Digital Realty is not utilizing all of its potentials. The ongoing stock price agitation, may contribute to short term losses for the management.

Boston Properties and Digital Realty Volatility Contrast

 Predicted Return Density 
      Returns 

Boston Properties Inc  vs.  Digital Realty Trust Inc

 Performance (%) 
      Timeline 

Pair Volatility

Considering 30-days investment horizon, Boston Properties is expected to under-perform the Digital Realty. But the stock apears to be less risky and, when comparing its historical volatility, Boston Properties is 1.35 times less risky than Digital Realty. The stock trades about -0.03 of its potential returns per unit of risk. The Digital Realty Trust is currently generating about 0.01 of returns per unit of risk over similar time horizon. If you would invest  12,321  in Digital Realty Trust on August 21, 2019 and sell it today you would earn a total of  62.00  from holding Digital Realty Trust or generate 0.5% return on investment over 30 days.

Pair Corralation between Boston Properties and Digital Realty

0.14
Time Period3 Months [change]
DirectionPositive 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Boston Properties and Digital Realty

Boston Properties Inc diversification synergy

Average diversification

Overlapping area represents the amount of risk that can be diversified away by holding Boston Properties Inc and Digital Realty Trust Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Digital Realty Trust 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 Digital Realty. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Digital Realty Trust has no effect on the direction of Boston Properties i.e. Boston Properties and Digital Realty go up and down completely randomly.
See also your portfolio center. Please also try Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.


 
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