Correlation Between Vitec Holdings and Agree Realty

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

By analyzing existing cross correlation between Vitec Holdings Co and Agree Realty, you can compare the effects of market volatilities on Vitec Holdings and Agree 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 Vitec Holdings with a short position of Agree Realty. Check out your portfolio center. Please also check ongoing floating volatility patterns of Vitec Holdings and Agree Realty.

Diversification Opportunities for Vitec Holdings and Agree Realty

0.0

Correlation Coefficient

Vitec Holdings  Agree Realty

Pay attention - limited upside

The 3 months correlation between Vitec and Agree is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Vitec Holdings Co and Agree Realty in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Agree Realty and Vitec Holdings 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 Vitec Holdings Co are associated (or correlated) with Agree Realty. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Agree Realty has no effect on the direction of Vitec Holdings i.e., Vitec Holdings and Agree Realty go up and down completely randomly.

Pair Corralation between Vitec Holdings and Agree Realty

If you would invest  0.00  in Vitec Holdings Co on May 21, 2025 and sell it today you would earn a total of  0.00  from holding Vitec Holdings Co or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	1.64%
Values	Daily Returns

Vitec Holdings Co  vs.  Agree Realty

Vitec Holdings

Risk-Adjusted Performance

Weakest

Over the last 90 days Vitec Holdings Co has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly strong fundamental indicators, Vitec Holdings is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors.

Agree Realty

Risk-Adjusted Performance

Weakest

Over the last 90 days Agree Realty has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental indicators, Agree Realty is not utilizing all of its potentials. The recent stock price tumult, may contribute to shorter-term losses for the shareholders.

Pair Trading with Vitec Holdings and Agree Realty

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

The idea behind Vitec Holdings Co and Agree Realty 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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.