Strategy lab
Every strategy from 151 Trading Strategies and all 101 Formulaic Alphas as formulas you can edit and backtest on ten years of daily stocks, ETFs, futures, forex and crypto data. Free, in your browser.
16.3Real estateReference
Intra-asset diversification within real estate
Spread property holdings across regions, property types and sizes to reduce idiosyncratic risk.
Why there is no chart
Property-level returns.
The lab runs on daily prices for stocks, ETFs, indexes, futures, currencies, crypto and Treasury yields. This strategy from 151 Trading Strategies depends on data outside that set, so it is explained and formalised here rather than backtested.
Hypothetical backtests on daily closes with no slippage unless you add costs. Survivorship bias applies: the stock list is today’s large caps. For learning, not investment advice. Data: Yahoo Finance via yfinance.
- Source
- 151 Trading Strategies
- Section
- 16.3 · Real estate
- Asset class
- Real estate
- In the lab
- Explained, not backtested
Intra-asset diversification within real estate (16.3)
Spread property holdings across regions, property types and sizes to reduce idiosyncratic risk.
Data it needs
Property-level returns.
More in Real estate
- 16.2 Mixed-asset diversification with real estate
- 16.3.1 Property type diversification
- 16.3.2 Economic diversification
- 16.3.3 Property type and geographic diversification
- 16.4 Real estate momentum – regional approach
- 16.5 Inflation hedging with real estate
Source: Kakushadze, Z. and Serur, J. A. (2018). 151 Trading Strategies. Palgrave Macmillan. SSRN 3247865. Summaries are our own.