GLADSTONE LAND Correlations
| 3L4 Stock | EUR 10.32 0.12 1.18% |
The current 90-days correlation between GLADSTONE LAND L and Coffee Holding Co is 0.04 (i.e., Significant diversification). The correlation of GLADSTONE LAND is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
GLADSTONE LAND Correlation With Market
Good diversification
The correlation between GLADSTONE LAND L 001 and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GLADSTONE LAND L 001 and DJI in the same portfolio, assuming nothing else is changed.
GLADSTONE |
The ability to find closely correlated positions to GLADSTONE LAND could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GLADSTONE LAND when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back GLADSTONE LAND - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling GLADSTONE LAND L 001 to buy it.
Moving together with GLADSTONE Stock
| 0.81 | 3I0 | REXFORD INDREALTY | PairCorr |
| 0.64 | UK8 | CubeSmart | PairCorr |
| 0.91 | WPHB | Warehouses De Pauw | PairCorr |
| 0.78 | M8E | Montea Comm VA | PairCorr |
| 0.69 | YHA | Yamaha | PairCorr |
Moving against GLADSTONE Stock
| 0.89 | SON1 | Sony Group Corp | PairCorr |
| 0.89 | BFP | BBVA Banco Frances | PairCorr |
| 0.87 | TM2 | Sydbank A/S | PairCorr |
| 0.8 | 1NN | Neinor Homes SA | PairCorr |
| 0.7 | 92I | ROMERIKE SPAREBANK | PairCorr |
| 0.68 | 5F3 | JINS HOLDINGS INC | PairCorr |
| 0.65 | CZH | Choice Hotels Intern | PairCorr |
| 0.63 | TDK | TDK Corporation | PairCorr |
| 0.61 | HBM | HORNBACH Baumarkt | PairCorr |
| 0.48 | MIZ | Mizuno | PairCorr |
| 0.36 | CWK0 | CRAWFORD A NV | PairCorr |
| 0.9 | 3RK | Ryohin Keikaku | PairCorr |
| 0.88 | BMT | British American Tobacco | PairCorr |
| 0.86 | BSI | BE Semiconductor Ind | PairCorr |
| 0.85 | RHM | Rheinmetall AG | PairCorr |
| 0.85 | OTP | OTP Bank Nyrt | PairCorr |
| 0.84 | ZOF | SBI Holdings | PairCorr |
| 0.84 | SONA | Sony Group | PairCorr |
| 0.81 | RC2 | RCM TECHNOLOGIES | PairCorr |
| 0.79 | AIRA | Airbus SE | PairCorr |
| 0.78 | NTT | Nippon Telegraph | PairCorr |
| 0.76 | XGH | ENN Energy Holdings | PairCorr |
| 0.71 | 3N8 | Nabtesco Corp | PairCorr |
| 0.65 | DTE | Deutsche Telekom | PairCorr |
| 0.59 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.55 | E908 | Lyxor 1 | PairCorr |
| 0.54 | A2P | COPLAND ROAD CAPITAL | PairCorr |
| 0.46 | ERT | ELECTRONIC ARTS | PairCorr |
Related Correlations Analysis
| -0.4 | -0.34 | -0.35 | -0.21 | 0.0 | -0.51 | E1V | ||
| -0.4 | 0.89 | 0.71 | 0.04 | 0.0 | 0.62 | E6U | ||
| -0.34 | 0.89 | 0.66 | -0.06 | 0.0 | 0.55 | CI1A | ||
| -0.35 | 0.71 | 0.66 | -0.1 | 0.0 | 0.78 | HLG | ||
| -0.21 | 0.04 | -0.06 | -0.1 | 0.0 | -0.13 | WS11 | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | TGE1 | ||
| -0.51 | 0.62 | 0.55 | 0.78 | -0.13 | 0.0 | DDN | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between GLADSTONE Stock performing well and GLADSTONE LAND Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze GLADSTONE LAND's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| E1V | 1.76 | (0.19) | 0.00 | 0.27 | 0.00 | 3.74 | 19.40 | |||
| E6U | 4.13 | 0.59 | 0.15 | (0.57) | 3.87 | 9.23 | 20.52 | |||
| CI1A | 1.89 | 0.30 | 0.13 | 0.68 | 2.13 | 4.69 | 13.49 | |||
| HLG | 2.57 | 0.68 | 0.23 | (1.21) | 2.11 | 8.04 | 30.90 | |||
| WS11 | 2.11 | 0.02 | 0.00 | 0.00 | 3.05 | 5.81 | 20.34 | |||
| TGE1 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DDN | 1.24 | 0.29 | 0.26 | (2.12) | 0.91 | 2.84 | 17.15 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in GLADSTONE LAND without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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