Correlation Between Uniti and EPR Properties

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

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

Diversification Opportunities for Uniti and EPR Properties

0.35

Correlation Coefficient

Uniti  EPR Properties

Weak diversification

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

Pair Corralation between Uniti and EPR Properties

Given the investment horizon of 90 days Uniti Group is expected to generate 3.31 times more return on investment than EPR Properties. However, Uniti is 3.31 times more volatile than EPR Properties. It trades about 0.06 of its potential returns per unit of risk. EPR Properties is currently generating about 0.1 per unit of risk. If you would invest  452.00  in Uniti Group on May 6, 2025 and sell it today you would earn a total of  39.00  from holding Uniti Group or generate 8.63% return on investment over 90 days.

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

Uniti Group  vs.  EPR Properties

Uniti Group

Risk-Adjusted Performance

Very Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Uniti Group are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak forward indicators, Uniti may actually be approaching a critical reversion point that can send shares even higher in September 2025.

EPR Properties

Risk-Adjusted Performance

OK

Compared to the overall equity markets, risk-adjusted returns on investments in EPR Properties are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. Despite nearly stable basic indicators, EPR Properties is not utilizing all of its potentials. The latest stock price disturbance, may contribute to mid-run losses for the stockholders.

Pair Trading with Uniti and EPR Properties

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

The idea behind Uniti Group and EPR Properties 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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.