Correlation Between Inventrust Properties and Primaris Real

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

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

Diversification Opportunities for Inventrust Properties and Primaris Real

-0.34

Correlation Coefficient

Inventrust Properties  Primaris Real

Very good diversification

The 3 months correlation between Inventrust and Primaris is -0.34. Overlapping area represents the amount of risk that can be diversified away by holding Inventrust Properties Corp 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 Inventrust Properties 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 Inventrust Properties Corp 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 Inventrust Properties i.e., Inventrust Properties and Primaris Real go up and down completely randomly.

Pair Corralation between Inventrust Properties and Primaris Real

Considering the 90-day investment horizon Inventrust Properties is expected to generate 22.36 times less return on investment than Primaris Real. In addition to that, Inventrust Properties is 1.11 times more volatile than Primaris Real Estate. It trades about 0.0 of its total potential returns per unit of risk. Primaris Real Estate is currently generating about 0.12 per unit of volatility. If you would invest  1,021  in Primaris Real Estate on May 16, 2025 and sell it today you would earn a total of  79.00  from holding Primaris Real Estate or generate 7.74% return on investment over 90 days.

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

Inventrust Properties Corp  vs.  Primaris Real Estate

Inventrust Properties

Risk-Adjusted Performance

Weakest

Over the last 90 days Inventrust Properties Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, Inventrust Properties is not utilizing all of its potentials. The latest stock price uproar, may contribute to short-horizon losses for the private investors.

Primaris Real Estate

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Primaris Real Estate are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile technical and fundamental indicators, Primaris Real may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Pair Trading with Inventrust Properties and Primaris Real

The main advantage of trading using opposite Inventrust Properties and Primaris Real positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Inventrust Properties 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 Inventrust Properties Corp 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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.