Correlation Between Wintrust Financial and Wheeler Real

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

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

Diversification Opportunities for Wintrust Financial and Wheeler Real

0.0

Correlation Coefficient

Wintrust Financial  Wheeler Real

Pay attention - limited upside

The 3 months correlation between Wintrust and Wheeler is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Wintrust Financial Corp 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 Wintrust Financial 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 Wintrust Financial Corp 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 Wintrust Financial i.e., Wintrust Financial and Wheeler Real go up and down completely randomly.

Pair Corralation between Wintrust Financial and Wheeler Real

Assuming the 90 days horizon Wintrust Financial Corp is expected to generate 0.07 times more return on investment than Wheeler Real. However, Wintrust Financial Corp is 13.95 times less risky than Wheeler Real. It trades about 0.41 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  2,462  in Wintrust Financial Corp on May 4, 2025 and sell it today you would earn a total of  38.00  from holding Wintrust Financial Corp or generate 1.54% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	79.03%
Values	Daily Returns

Wintrust Financial Corp  vs.  Wheeler Real Estate

Wintrust Financial Corp

Risk-Adjusted Performance

Very Strong

Over the last 90 days Wintrust Financial Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy fundamental indicators, Wintrust Financial is not utilizing all of its potentials. The latest stock price disarray, may contribute to short-term losses for the investors.

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. In spite of rather sound basic indicators, Wheeler Real is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders.

Pair Trading with Wintrust Financial and Wheeler Real

The main advantage of trading using opposite Wintrust Financial and Wheeler Real positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Wintrust Financial 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 Wintrust Financial Corp 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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.