Correlation Between Ticon Freehold and Impact Growth

Can any of the company-specific risk be diversified away by investing in both Ticon Freehold and Impact Growth 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 Ticon Freehold and Impact Growth into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Ticon Freehold and and Impact Growth REIT, you can compare the effects of market volatilities on Ticon Freehold and Impact Growth 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 Ticon Freehold with a short position of Impact Growth. Check out your portfolio center. Please also check ongoing floating volatility patterns of Ticon Freehold and Impact Growth.

Diversification Opportunities for Ticon Freehold and Impact Growth

0.58

Correlation Coefficient

Ticon Freehold  Impact Growth

Very weak diversification

The 3 months correlation between Ticon and Impact is 0.58. Overlapping area represents the amount of risk that can be diversified away by holding Ticon Freehold and and Impact Growth REIT in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Impact Growth REIT and Ticon Freehold 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 Ticon Freehold and are associated (or correlated) with Impact Growth. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Impact Growth REIT has no effect on the direction of Ticon Freehold i.e., Ticon Freehold and Impact Growth go up and down completely randomly.

Pair Corralation between Ticon Freehold and Impact Growth

Assuming the 90 days trading horizon Ticon Freehold and is expected to generate 1.43 times more return on investment than Impact Growth. However, Ticon Freehold is 1.43 times more volatile than Impact Growth REIT. It trades about 0.07 of its potential returns per unit of risk. Impact Growth REIT is currently generating about 0.04 per unit of risk. If you would invest  887.00  in Ticon Freehold and on April 24, 2025 and sell it today you would earn a total of  53.00  from holding Ticon Freehold and or generate 5.98% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Weak
Accuracy	100.0%
Values	Daily Returns

Ticon Freehold and  vs.  Impact Growth REIT

Ticon Freehold

Risk-Adjusted Performance

Insignificant

Compared to the overall equity markets, risk-adjusted returns on investments in Ticon Freehold and are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak basic indicators, Ticon Freehold may actually be approaching a critical reversion point that can send shares even higher in August 2025.

Impact Growth REIT

Risk-Adjusted Performance

Insignificant

Compared to the overall equity markets, risk-adjusted returns on investments in Impact Growth REIT are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong basic indicators, Impact Growth is not utilizing all of its potentials. The newest stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Ticon Freehold and Impact Growth

The main advantage of trading using opposite Ticon Freehold and Impact Growth positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Ticon Freehold position performs unexpectedly, Impact Growth can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Impact Growth will offset losses from the drop in Impact Growth's long position.

The idea behind Ticon Freehold and and Impact Growth REIT pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

Check out your portfolio center.

Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.