| CIM Stock | | | USD 15.28 0.12 0.79% |
The current 90-days correlation between Chimera Investment and Blackstone Mortgage Trust is 0.61 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Chimera Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chimera Investment moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Chimera Investment Correlation With Market
Very weak diversification
The correlation between Chimera Investment and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chimera Investment and DJI in the same portfolio, assuming nothing else is changed.
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