Correlation Between Associated Banc-Corp and SIMON

Can any of the company-specific risk be diversified away by investing in both Associated Banc-Corp and SIMON 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 Associated Banc-Corp and SIMON into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Associated Banc Corp and SIMON PPTY GROUP, you can compare the effects of market volatilities on Associated Banc-Corp and SIMON 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 Associated Banc-Corp with a short position of SIMON. Check out your portfolio center. Please also check ongoing floating volatility patterns of Associated Banc-Corp and SIMON.

Diversification Opportunities for Associated Banc-Corp and SIMON

-0.39

Correlation Coefficient

Associated Banc-Corp  SIMON

Very good diversification

The 3 months correlation between Associated and SIMON is -0.39. Overlapping area represents the amount of risk that can be diversified away by holding Associated Banc Corp and SIMON PPTY GROUP in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on SIMON PPTY GROUP and Associated Banc-Corp 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 Associated Banc Corp are associated (or correlated) with SIMON. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SIMON PPTY GROUP has no effect on the direction of Associated Banc-Corp i.e., Associated Banc-Corp and SIMON go up and down completely randomly.

Pair Corralation between Associated Banc-Corp and SIMON

Assuming the 90 days trading horizon Associated Banc Corp is expected to generate 0.91 times more return on investment than SIMON. However, Associated Banc Corp is 1.09 times less risky than SIMON. It trades about 0.13 of its potential returns per unit of risk. SIMON PPTY GROUP is currently generating about -0.11 per unit of risk. If you would invest  1,991  in Associated Banc Corp on July 17, 2025 and sell it today you would earn a total of  154.00  from holding Associated Banc Corp or generate 7.73% return on investment over 90 days.

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

Associated Banc Corp  vs.  SIMON PPTY GROUP

Associated Banc Corp

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Associated Banc Corp are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. Despite nearly unsteady fundamental drivers, Associated Banc-Corp may actually be approaching a critical reversion point that can send shares even higher in November 2025.

SIMON PPTY GROUP

Risk-Adjusted Performance

Weakest

Over the last 90 days SIMON PPTY GROUP has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest weak performance, the Bond's basic indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for SIMON PPTY GROUP investors.

Pair Trading with Associated Banc-Corp and SIMON

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

The idea behind Associated Banc Corp and SIMON PPTY GROUP 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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.