AGREE RLTY Correlations

AGL Stock

EUR 75.00 2.00 2.74%

The current 90-days correlation between AGREE RLTY P and NMI Holdings is 0.06 (i.e., Significant diversification). The correlation of AGREE RLTY 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.

AGREE RLTY Correlation With Market

Good diversification

The correlation between AGREE RLTY P and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AGREE RLTY P and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to AGREE RLTY could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AGREE RLTY 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 AGREE RLTY - 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 AGREE RLTY P to buy it.

Moving together with AGREE Stock

0.89	SQI	Simon Property Group	Pair Corr
0.73	L5R	Link Real Estate	Pair Corr
0.91	KIC	Kimco Realty	Pair Corr
0.93	RRC	Range Resources Corp	Pair Corr
0.92	BXR	Brixmor Property	Pair Corr

Moving against AGREE Stock

0.49

C98

Vicinity Centres

Pair Corr

Related Correlations Analysis

	8SP	6NM	39O1	2DG	TM9	INVN	NOH1	INL	CFS5	CZX
8SP		0.58	0.29	0.77	0.32	-0.77	-0.55	-0.72	0.65	-0.84	8SP
6NM	0.58		0.47	0.22	0.17	-0.19	-0.09	-0.28	0.49	-0.39	6NM
39O1	0.29	0.47		0.16	0.42	-0.01	0.38	0.09	0.45	-0.28	39O1
2DG	0.77	0.22	0.16		0.23	-0.86	-0.69	-0.8	0.54	-0.8	2DG
TM9	0.32	0.17	0.42	0.23		-0.16	0.2	0.03	0.41	-0.35	TM9
INVN	-0.77	-0.19	-0.01	-0.86	-0.16		0.76	0.79	-0.37	0.78	INVN
NOH1	-0.55	-0.09	0.38	-0.69	0.2	0.76		0.83	-0.15	0.54	NOH1
INL	-0.72	-0.28	0.09	-0.8	0.03	0.79	0.83		-0.4	0.7	INL
CFS5	0.65	0.49	0.45	0.54	0.41	-0.37	-0.15	-0.4		-0.66	CFS5
CZX	-0.84	-0.39	-0.28	-0.8	-0.35	0.78	0.54	0.7	-0.66		CZX
	8SP	6NM	39O1	2DG	TM9	INVN	NOH1	INL	CFS5	CZX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

INL	+ 0.83	NOH1
INL	+ 0.79	INVN
CZX	+ 0.78	INVN
2DG	+ 0.77	8SP
NOH1	+ 0.76	INVN
CZX	+ 0.7	INL

High negative correlations

INVN	- 0.86	2DG
CZX	- 0.84	8SP
CZX	- 0.8	2DG
INL	- 0.8	2DG
INVN	- 0.77	8SP
INL	- 0.72	8SP

Risk-Adjusted Indicators

There is a big difference between AGREE Stock performing well and AGREE RLTY 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 AGREE RLTY'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
8SP	2.07	(0.11)	0.00	0.59	0.00	0.00	3.36	(4.74)	20.22
6NM	1.25	0.02	(0.01)	0.14	1.73	(1.39)	2.89	(2.69)	9.64
39O1	3.53	0.06	(0.01)	0.49	3.52	(4.94)	8.41	(5.38)	24.06
2DG	4.16	(1.39)	0.00	(0.70)	0.00	0.00	7.14	(8.57)	52.42
TM9	2.82	0.01	0.00	0.09	0.00	0.00	5.56	(6.43)	36.50
INVN	2.13	0.15	0.06	0.26	2.41	(2.54)	5.61	(4.25)	14.01
NOH1	2.13	0.19	0.07	0.37	1.95	(2.70)	6.61	(3.38)	12.96
INL	2.52	0.28	0.10	0.41	2.33	(3.25)	6.80	(3.69)	13.89
CFS5	1.94	(0.07)	0.00	(0.07)	0.00	0.00	5.37	(4.35)	13.43
CZX	0.46	0.06	(0.04)	0.67	0.49	(0.83)	0.75	(0.73)	4.37

Be your own money manager

Our tools can tell you how much better you can do entering a position in AGREE RLTY 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?

Run FinTech Suite Now

FinTech Suite

Use AI to screen and filter profitable investment opportunities

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC