Correlation Between Eco-Growth Strategies and Cedar Realty

Can any of the company-specific risk be diversified away by investing in both Eco-Growth Strategies and Cedar Realty 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 Eco-Growth Strategies and Cedar Realty into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Eco Growth Strategies and Cedar Realty Trust, you can compare the effects of market volatilities on Eco-Growth Strategies and Cedar Realty 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 Eco-Growth Strategies with a short position of Cedar Realty. Check out your portfolio center. Please also check ongoing floating volatility patterns of Eco-Growth Strategies and Cedar Realty.

Diversification Opportunities for Eco-Growth Strategies and Cedar Realty

-0.35

Correlation Coefficient

Eco-Growth Strategies  Cedar Realty

Very good diversification

The 3 months correlation between Eco-Growth and Cedar is -0.35. Overlapping area represents the amount of risk that can be diversified away by holding Eco Growth Strategies and Cedar Realty Trust in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Cedar Realty Trust and Eco-Growth Strategies 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 Eco Growth Strategies are associated (or correlated) with Cedar Realty. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cedar Realty Trust has no effect on the direction of Eco-Growth Strategies i.e., Eco-Growth Strategies and Cedar Realty go up and down completely randomly.

Pair Corralation between Eco-Growth Strategies and Cedar Realty

Given the investment horizon of 90 days Eco Growth Strategies is expected to generate 8.05 times more return on investment than Cedar Realty. However, Eco-Growth Strategies is 8.05 times more volatile than Cedar Realty Trust. It trades about 0.12 of its potential returns per unit of risk. Cedar Realty Trust is currently generating about 0.05 per unit of risk. If you would invest  8.50  in Eco Growth Strategies on May 6, 2025 and sell it today you would earn a total of  5.50  from holding Eco Growth Strategies or generate 64.71% return on investment over 90 days.

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

Eco Growth Strategies  vs.  Cedar Realty Trust

Eco Growth Strategies

Risk-Adjusted Performance

OK

Compared to the overall equity markets, risk-adjusted returns on investments in Eco Growth Strategies are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively uncertain technical and fundamental indicators, Eco-Growth Strategies unveiled solid returns over the last few months and may actually be approaching a breakup point.

Cedar Realty Trust

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Cedar Realty Trust are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong basic indicators, Cedar Realty is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Eco-Growth Strategies and Cedar Realty

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

The idea behind Eco Growth Strategies and Cedar Realty 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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.