Correlation Between Cresud SACIF and Net Lease

Can any of the company-specific risk be diversified away by investing in both Cresud SACIF and Net Lease 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 Cresud SACIF and Net Lease into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Cresud SACIF y and Net Lease Office, you can compare the effects of market volatilities on Cresud SACIF and Net Lease 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 Cresud SACIF with a short position of Net Lease. Check out your portfolio center. Please also check ongoing floating volatility patterns of Cresud SACIF and Net Lease.

Diversification Opportunities for Cresud SACIF and Net Lease

-0.41

Correlation Coefficient

Cresud SACIF  Net Lease

Very good diversification

The 3 months correlation between Cresud and Net is -0.41. Overlapping area represents the amount of risk that can be diversified away by holding Cresud SACIF y and Net Lease Office in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Net Lease Office and Cresud SACIF 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 Cresud SACIF y are associated (or correlated) with Net Lease. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Net Lease Office has no effect on the direction of Cresud SACIF i.e., Cresud SACIF and Net Lease go up and down completely randomly.

Pair Corralation between Cresud SACIF and Net Lease

Assuming the 90 days horizon Cresud SACIF is expected to generate 1.41 times less return on investment than Net Lease. In addition to that, Cresud SACIF is 2.11 times more volatile than Net Lease Office. It trades about 0.05 of its total potential returns per unit of risk. Net Lease Office is currently generating about 0.15 per unit of volatility. If you would invest  3,041  in Net Lease Office on May 3, 2025 and sell it today you would earn a total of  278.00  from holding Net Lease Office or generate 9.14% return on investment over 90 days.

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

Cresud SACIF y  vs.  Net Lease Office

Cresud SACIF y

Risk-Adjusted Performance

Insignificant

Compared to the overall equity markets, risk-adjusted returns on investments in Cresud SACIF y are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of fairly uncertain basic indicators, Cresud SACIF may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Net Lease Office

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Net Lease Office are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. Even with relatively weak basic indicators, Net Lease may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Pair Trading with Cresud SACIF and Net Lease

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

The idea behind Cresud SACIF y and Net Lease Office 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.