Correlation Between VICI Properties and Wheeler Real

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

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

Diversification Opportunities for VICI Properties and Wheeler Real

-0.21

Correlation Coefficient

VICI Properties  Wheeler Real

Very good diversification

The 3 months correlation between VICI and Wheeler is -0.21. Overlapping area represents the amount of risk that can be diversified away by holding VICI Properties and Wheeler Real Estate in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Wheeler Real Estate and VICI 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 VICI Properties are associated (or correlated) with Wheeler Real. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Wheeler Real Estate has no effect on the direction of VICI Properties i.e., VICI Properties and Wheeler Real go up and down completely randomly.

Pair Corralation between VICI Properties and Wheeler Real

Given the investment horizon of 90 days VICI Properties is expected to generate 0.06 times more return on investment than Wheeler Real. However, VICI Properties is 16.24 times less risky than Wheeler Real. It trades about 0.1 of its potential returns per unit of risk. Wheeler Real Estate is currently generating about -0.01 per unit of risk. If you would invest  3,112  in VICI Properties on May 6, 2025 and sell it today you would earn a total of  199.00  from holding VICI Properties or generate 6.39% return on investment over 90 days.

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

VICI Properties  vs.  Wheeler Real Estate

VICI Properties

Risk-Adjusted Performance

OK

Compared to the overall equity markets, risk-adjusted returns on investments in VICI Properties are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. Despite fairly unsteady fundamental indicators, VICI Properties may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Wheeler Real Estate

Risk-Adjusted Performance

Very Weak

Over the last 90 days Wheeler Real Estate has generated negative risk-adjusted returns adding no value to investors with long positions. Even with latest weak performance, the Stock's essential indicators remain invariable and the latest agitation on Wall Street may also be a sign of long-running gains for the enterprise retail investors.

Pair Trading with VICI Properties and Wheeler Real

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

The idea behind VICI Properties and Wheeler 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.