Correlation Between Walker Dunlop and Multi Manager

By analyzing existing cross correlation between Walker Dunlop and Multi Manager Inv, you can compare the effects of market volatilities on Walker Dunlop and Multi Manager 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 Multi Manager. Check out your portfolio center. Please also check ongoing floating volatility patterns of Walker Dunlop and Multi Manager.

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Can any of the company-specific risk be diversified away by investing in both Walker Dunlop and Multi Manager at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Walker Dunlop and Multi Manager into the same portfolio, which is an essential part of the fundamental portfolio management process.

Diversification Opportunities for Walker Dunlop and Multi Manager

0.0
  Correlation Coefficient
Walker Dunlop
Multi Manager Inv

Pay attention - limited upside

The 3 months correlation between Walker and Multi is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Walker Dunlop Inc and Multi Manager Inv Globale Valu in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Multi Manager Inv 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 Multi Manager. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Multi Manager Inv has no effect on the direction of Walker Dunlop i.e. Walker Dunlop and Multi Manager go up and down completely randomly.

Pair Corralation between Walker Dunlop and Multi Manager

If you would invest  4,077  in Walker Dunlop on June 8, 2020 and sell it today you would earn a total of  674.00  from holding Walker Dunlop or generate 16.53% return on investment over 30 days.
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Walker Dunlop Inc  vs.  Multi Manager Inv Globale Valu

 Performance (%) 
      Timeline 
Walker Dunlop 
55

Walker Dunlop Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Walker Dunlop are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days. In spite of rather conflicting fundamental drivers, Walker Dunlop exhibited solid returns over the last few months and may actually be approaching a breakup point.
Multi Manager Inv 
00

Multi Manager Risk-Adjusted Performance

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

Walker Dunlop and Multi Manager Volatility Contrast

Check out your portfolio center. Please also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.


 
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