Correlation Analysis Between Lennar and BARRATT DEVELOPMENTS

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

Lennar  
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Risk-Adjusted Performance

Over the last 30 days Lennar Corporation has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Lennar is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
BARRATT DEVELOPMENTS  
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Risk-Adjusted Performance

Over the last 30 days BARRATT DEVELOPMENTS has generated negative risk-adjusted returns adding no value to investors with long positions. Inspite fairly strong basic indicators, BARRATT DEVELOPMENTS is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.

Lennar and BARRATT DEVELOPMENTS Volatility Contrast

Lennar Corp.  vs.  BARRATT DEVELOPMENTS

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.00  in BARRATT DEVELOPMENTS on August 17, 2019 and sell it today you would earn a total of  0.00  from holding BARRATT DEVELOPMENTS or generate 0.0% return on investment over 30 days.

Pair Corralation between Lennar and BARRATT DEVELOPMENTS

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Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for Lennar and BARRATT DEVELOPMENTS

Lennar Corp. diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Lennar Corp. and BARRATT DEVELOPMENTS in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on BARRATT DEVELOPMENTS and Lennar 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 Lennar Corporation are associated (or correlated) with BARRATT DEVELOPMENTS. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BARRATT DEVELOPMENTS has no effect on the direction of Lennar i.e. Lennar and BARRATT DEVELOPMENTS go up and down completely randomly.
See also your portfolio center. Please also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.


 
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