Bluerock Homes Correlations

BHM Stock

USD 12.08 0.05 0.41%

The current 90-days correlation between Bluerock Homes Trust and BRT Realty Trust is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bluerock Homes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bluerock Homes Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Bluerock Homes Correlation With Market

Good diversification

The correlation between Bluerock Homes Trust and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bluerock Homes Trust 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 Bluerock Homes Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Bluerock Stock

0.73

Belpointe PREP LLC

Pair Corr

Moving against Bluerock Stock

0.8	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.79	FR	First Industrial Realty	Pair Corr
0.79	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.77	WY	Weyerhaeuser	Pair Corr
0.76	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.76	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.74	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.69	DX	Dynex Capital	Pair Corr
0.63	CBRE	CBRE Group Class	Pair Corr
0.61	O	Realty Income	Pair Corr
0.59	JLL	Jones Lang LaSalle	Pair Corr
0.48	NMRK	Newmark Group	Pair Corr
0.36	MAYS	J W Mays	Pair Corr
0.83	MITT-PC	AG Mortgage Investment	Pair Corr
0.79	WELL	Welltower	Pair Corr
0.64	MITT-PB	AG Mortgage Investment	Pair Corr
0.64	FBRT	Franklin BSP Realty	Pair Corr
0.62	CDR-PB	Cedar Realty Trust	Pair Corr
0.61	FCPT	Four Corners Property	Pair Corr
0.56	CDR-PC	Cedar Realty Trust	Pair Corr
0.53	MITT-PA	AG Mortgage Investment	Pair Corr
0.52	VNO-PM	Vornado Realty Trust	Pair Corr
0.5	VICI	VICI Properties	Pair Corr

Related Correlations Analysis

	NXRT	CLPR	CSR	ELS	IRT	BRT	ELME	VRE	AIRC
NXRT		0.73	0.81	0.38	0.51	0.6	0.08	0.86	0.0	NXRT
CLPR	0.73		0.67	0.11	0.34	0.41	0.03	0.53	0.0	CLPR
CSR	0.81	0.67		0.61	0.73	0.7	0.44	0.84	0.0	CSR
ELS	0.38	0.11	0.61		0.69	0.51	0.58	0.62	0.0	ELS
IRT	0.51	0.34	0.73	0.69		0.73	0.87	0.63	0.0	IRT
BRT	0.6	0.41	0.7	0.51	0.73		0.52	0.68	0.0	BRT
ELME	0.08	0.03	0.44	0.58	0.87	0.52		0.32	0.0	ELME
VRE	0.86	0.53	0.84	0.62	0.63	0.68	0.32		0.0	VRE
AIRC	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		AIRC
	NXRT	CLPR	CSR	ELS	IRT	BRT	ELME	VRE	AIRC

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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

ELME	+ 0.87	IRT
VRE	+ 0.86	NXRT
VRE	+ 0.84	CSR
CSR	+ 0.81	NXRT
CLPR	+ 0.73	NXRT
IRT	+ 0.73	CSR

High negative correlations

AIRC	- 0.0	VRE
AIRC	- 0.0	ELME
AIRC	- 0.0	BRT
AIRC	- 0.0	IRT
AIRC	- 0.0	ELS
AIRC	- 0.0	CSR

Risk-Adjusted Indicators

There is a big difference between Bluerock Stock performing well and Bluerock Homes 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 Bluerock Homes' 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
NXRT	1.39	(0.18)	0.00	(0.30)	0.00	0.00	2.12	(2.43)	6.46
CLPR	3.67	0.00	0.00	(0.06)	0.00	0.00	6.49	(9.00)	53.13
CSR	1.05	(0.07)	0.00	(0.16)	0.00	0.00	2.01	(2.63)	6.41
ELS	1.06	0.05	0.06	0.05	1.53	(1.01)	1.82	(2.37)	7.02
IRT	1.09	0.01	0.00	(0.05)	0.00	0.00	2.24	(2.56)	5.14
BRT	1.23	0.00	0.00	(0.06)	0.00	0.00	2.48	(2.35)	9.39
ELME	1.21	0.15	0.13	0.21	1.27	(1.45)	2.45	(2.34)	12.94
VRE	1.11	(0.07)	0.00	(0.20)	0.00	0.00	2.60	(2.43)	5.83
AIRC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Bluerock Homes Corporate Management

James III	LLC Mang	Profile
Michael DiFranco	Executive Operations	Profile
Steven Siptrott	LLC Manager	Profile
Ryan MacDonald	Chief Officer	Profile

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