Correlation Analysis Between Walker Dunlop and IPC

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

 Predicted Return Density 
      Returns 

Walker Dunlop Inc  vs.  IPC

 Performance (%) 
      Timeline 

Pair Volatility

Allowing for the 30-days total investment horizon, Walker Dunlop is expected to generate 1.22 times more return on investment than IPC. However, Walker Dunlop is 1.22 times more volatile than IPC. It trades about 0.27 of its potential returns per unit of risk. IPC is currently generating about -0.01 per unit of risk. If you would invest  5,477  in Walker Dunlop on November 9, 2019 and sell it today you would earn a total of  1,131  from holding Walker Dunlop or generate 20.65% return on investment over 30 days.

Pair Corralation between Walker Dunlop and IPC

0.24
Time Period3 Months [change]
DirectionPositive 
StrengthVery Weak
Accuracy98.48%
ValuesDaily Returns

Diversification Opportunities for Walker Dunlop and IPC

Walker Dunlop Inc diversification synergy

Modest diversification

Overlapping area represents the amount of risk that can be diversified away by holding Walker Dunlop Inc and IPC in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on IPC and Walker Dunlop 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 Walker Dunlop are associated (or correlated) with IPC. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of IPC has no effect on the direction of Walker Dunlop i.e. Walker Dunlop and IPC go up and down completely randomly.
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