Correlation Between ACCESS Newswire and LXP Industrial

Can any of the company-specific risk be diversified away by investing in both ACCESS Newswire and LXP Industrial 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 ACCESS Newswire and LXP Industrial into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between ACCESS Newswire and LXP Industrial Trust, you can compare the effects of market volatilities on ACCESS Newswire and LXP Industrial 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 ACCESS Newswire with a short position of LXP Industrial. Check out your portfolio center. Please also check ongoing floating volatility patterns of ACCESS Newswire and LXP Industrial.

Diversification Opportunities for ACCESS Newswire and LXP Industrial

-0.27

Correlation Coefficient

ACCESS Newswire  LXP Industrial

Very good diversification

The 3 months correlation between ACCESS and LXP is -0.27. Overlapping area represents the amount of risk that can be diversified away by holding ACCESS Newswire and LXP Industrial Trust in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on LXP Industrial Trust and ACCESS Newswire 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 ACCESS Newswire are associated (or correlated) with LXP Industrial. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LXP Industrial Trust has no effect on the direction of ACCESS Newswire i.e., ACCESS Newswire and LXP Industrial go up and down completely randomly.

Pair Corralation between ACCESS Newswire and LXP Industrial

Given the investment horizon of 90 days ACCESS Newswire is expected to generate 2.08 times more return on investment than LXP Industrial. However, ACCESS Newswire is 2.08 times more volatile than LXP Industrial Trust. It trades about 0.06 of its potential returns per unit of risk. LXP Industrial Trust is currently generating about 0.06 per unit of risk. If you would invest  1,004  in ACCESS Newswire on May 27, 2025 and sell it today you would earn a total of  86.00  from holding ACCESS Newswire or generate 8.57% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	98.44%
Values	Daily Returns

ACCESS Newswire  vs.  LXP Industrial Trust

ACCESS Newswire

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in ACCESS Newswire are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak fundamental indicators, ACCESS Newswire may actually be approaching a critical reversion point that can send shares even higher in September 2025.

LXP Industrial Trust

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in LXP Industrial Trust are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. Even with relatively invariable basic indicators, LXP Industrial is not utilizing all of its potentials. The recent stock price agitation, may contribute to short-term losses for the retail investors.

Pair Trading with ACCESS Newswire and LXP Industrial

The main advantage of trading using opposite ACCESS Newswire and LXP Industrial positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if ACCESS Newswire position performs unexpectedly, LXP Industrial 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 LXP Industrial will offset losses from the drop in LXP Industrial's long position.

The idea behind ACCESS Newswire and LXP Industrial Trust 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.

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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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.