ReAlpha Tech Correlations

AIRE Stock

1.33 0.01 0.75%

The current 90-days correlation between reAlpha Tech Corp and Chart Industries is 0.09 (i.e., Significant diversification). The correlation of ReAlpha Tech 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.

ReAlpha Tech Correlation With Market

Average diversification

The correlation between reAlpha Tech Corp and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding reAlpha Tech Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in reAlpha Tech Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving against ReAlpha Stock

0.43	O	Realty Income	Pair Corr
0.42	VICI	VICI Properties	Pair Corr
0.4	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.39	WY	Weyerhaeuser	Pair Corr
0.38	MITT-PA	AG Mortgage Investment	Pair Corr
0.33	DX	Dynex Capital	Pair Corr
0.32	FR	First Industrial Realty	Pair Corr
0.32	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.32	VNO-PL	Vornado Realty Trust	Pair Corr
0.54	ADC	Agree Realty	Pair Corr
0.43	NREF-PA	NexPoint Real Estate	Pair Corr
0.42	ACR	Acres Commercial Realty	Pair Corr
0.4	CDR-PB	Cedar Realty Trust	Pair Corr
0.39	ALX	Alexanders	Pair Corr
0.37	ELME	Elme Communities	Pair Corr
0.36	FCPT	Four Corners Property	Pair Corr
0.34	FBRT	Franklin BSP Realty Potential Growth	Pair Corr
0.32	MITT-PC	AG Mortgage Investment	Pair Corr

Related Correlations Analysis

	GTLS-PB	CCU	CCS	SSD	SNDL	FMC	COCO	PEP
GTLS-PB		-0.83	0.61	0.49	0.75	0.54	0.44	-0.4	GTLS-PB
CCU	-0.83		-0.61	-0.5	-0.79	-0.64	-0.3	0.18	CCU
CCS	0.61	-0.61		0.82	0.43	0.55	0.42	0.2	CCS
SSD	0.49	-0.5	0.82		0.4	0.21	0.5	0.23	SSD
SNDL	0.75	-0.79	0.43	0.4		0.28	0.4	-0.5	SNDL
FMC	0.54	-0.64	0.55	0.21	0.28		0.0	0.06	FMC
COCO	0.44	-0.3	0.42	0.5	0.4	0.0		-0.28	COCO
PEP	-0.4	0.18	0.2	0.23	-0.5	0.06	-0.28		PEP
	GTLS-PB	CCU	CCS	SSD	SNDL	FMC	COCO	PEP

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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

SSD	+ 0.82	CCS
SNDL	+ 0.75	GTLS-PB
CCS	+ 0.61	GTLS-PB
FMC	+ 0.55	CCS
FMC	+ 0.54	GTLS-PB
COCO	+ 0.5	SSD

High negative correlations

CCU	- 0.83	GTLS-PB
SNDL	- 0.79	CCU
FMC	- 0.64	CCU
CCS	- 0.61	CCU
PEP	- 0.5	SNDL
SSD	- 0.5	CCU

Risk-Adjusted Indicators

There is a big difference between ReAlpha Stock performing well and ReAlpha Tech 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 ReAlpha Tech'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
GTLS-PB	2.34	(0.15)	0.00	(0.16)	0.00	0.00	3.83	(5.13)	15.92
CCU	1.03	0.42	0.31	1.22	1.05	(1.17)	2.11	(1.67)	8.78
CCS	1.73	(0.19)	0.00	(0.28)	0.00	0.00	4.10	(3.25)	8.95
SSD	1.27	(0.18)	0.00	(0.24)	0.00	0.00	2.42	(3.09)	7.08
SNDL	2.21	(0.15)	0.00	(0.29)	0.00	0.00	4.62	(3.90)	11.94
FMC	2.13	(0.24)	0.00	(3.10)	0.00	0.00	3.85	(3.69)	38.47
COCO	1.62	0.03	0.00	(0.03)	0.00	0.00	4.21	(4.42)	19.52
PEP	1.07	(0.09)	0.00	(0.70)	0.00	0.00	1.85	(2.73)	8.20

ReAlpha Tech Corporate Management

Gajendra Basnet	Head Finance	Profile
Ramesh Pathak	Chief Officer	Profile
Vijay Rathna	Chief Officer	Profile
Avishekh Shrestha	Head AI	Profile
Piyush Phadke	Chief Officer	Profile
Michael Frenz	Chief Officer	Profile

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