Correlation Between FIBRA Macquarie and Primaris Real

Can any of the company-specific risk be diversified away by investing in both FIBRA Macquarie and Primaris Real 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 FIBRA Macquarie and Primaris Real into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between FIBRA Macquarie Mxico and Primaris Real Estate, you can compare the effects of market volatilities on FIBRA Macquarie and Primaris Real 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 FIBRA Macquarie with a short position of Primaris Real. Check out your portfolio center. Please also check ongoing floating volatility patterns of FIBRA Macquarie and Primaris Real.

Diversification Opportunities for FIBRA Macquarie and Primaris Real

0.2

Correlation Coefficient

FIBRA Macquarie  Primaris Real

Modest diversification

The 3 months correlation between FIBRA and Primaris is 0.2. Overlapping area represents the amount of risk that can be diversified away by holding FIBRA Macquarie Mxico and Primaris Real Estate in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Primaris Real Estate and FIBRA Macquarie 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 FIBRA Macquarie Mxico are associated (or correlated) with Primaris Real. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Primaris Real Estate has no effect on the direction of FIBRA Macquarie i.e., FIBRA Macquarie and Primaris Real go up and down completely randomly.

Pair Corralation between FIBRA Macquarie and Primaris Real

Assuming the 90 days horizon FIBRA Macquarie Mxico is expected to generate 2.11 times more return on investment than Primaris Real. However, FIBRA Macquarie is 2.11 times more volatile than Primaris Real Estate. It trades about 0.0 of its potential returns per unit of risk. Primaris Real Estate is currently generating about -0.02 per unit of risk. If you would invest  169.00  in FIBRA Macquarie Mxico on August 17, 2025 and sell it today you would lose (3.00) from holding FIBRA Macquarie Mxico or give up 1.78% of portfolio value over 90 days.

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

FIBRA Macquarie Mxico  vs.  Primaris Real Estate

FIBRA Macquarie Mxico

Risk-Adjusted Performance

Weakest

Over the last 90 days FIBRA Macquarie Mxico has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental drivers, FIBRA Macquarie is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders.

Primaris Real Estate

Risk-Adjusted Performance

Weakest

Over the last 90 days Primaris Real Estate has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable technical and fundamental indicators, Primaris Real is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders.

Pair Trading with FIBRA Macquarie and Primaris Real

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

The idea behind FIBRA Macquarie Mxico and Primaris Real Estate 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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.