Cardiff Property Correlations

CDFF Stock

2,450 0.00 0.00%

The current 90-days correlation between Cardiff Property PLC and XLMedia PLC is 0.01 (i.e., Significant diversification). The correlation of Cardiff Property 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Cardiff Property Correlation With Market

Good diversification

The correlation between Cardiff Property PLC and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cardiff Property PLC and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Cardiff Stock

0.79	GAW	Games Workshop Group	Pair Corr
0.87	0N7I	Cairo Communication SpA	Pair Corr
0.8	HSBA	HSBC Holdings PLC	Pair Corr
0.76	OSB	OneSavings Bank PLC	Pair Corr
0.7	DEC	Diversified Energy	Pair Corr
0.79	WISE	Wise plc	Pair Corr
0.66	PREM	Premier African Minerals	Pair Corr
0.74	III	3I Group PLC	Pair Corr
0.9	0JSC	Bath Body Works	Pair Corr

Moving against Cardiff Stock

0.68	SMSD	Samsung Electronics	Pair Corr
0.67	DLN	Derwent London PLC	Pair Corr
0.65	WKP	Workspace Group PLC	Pair Corr
0.64	SMSN	Samsung Electronics	Pair Corr
0.6	HYUD	Hyundai Motor	Pair Corr
0.52	AXB	Axis Bank	Pair Corr
0.49	RIGD	Reliance Industries	Pair Corr
0.47	HMSO	Hammerson PLC Split	Pair Corr
0.39	SUPR	Supermarket Income REIT	Pair Corr
0.39	RIO	Rio Tinto PLC	Pair Corr
0.31	LABS	Life Science REIT	Pair Corr

Related Correlations Analysis

	DLN	HMSO	WKP	SUPR	GAW	HSBK	XLM	0LAI	SSON	0M69
DLN		0.92	0.98	0.88	-0.79	-0.86	-0.34	-0.9	-0.66	0.02	DLN
HMSO	0.92		0.93	0.93	-0.62	-0.87	-0.42	-0.87	-0.58	-0.04	HMSO
WKP	0.98	0.93		0.89	-0.75	-0.84	-0.33	-0.9	-0.59	0.0	WKP
SUPR	0.88	0.93	0.89		-0.47	-0.77	-0.36	-0.78	-0.4	-0.06	SUPR
GAW	-0.79	-0.62	-0.75	-0.47		0.74	0.33	0.81	0.84	-0.13	GAW
HSBK	-0.86	-0.87	-0.84	-0.77	0.74		0.42	0.88	0.77	0.01	HSBK
XLM	-0.34	-0.42	-0.33	-0.36	0.33	0.42		0.55	0.29	-0.01	XLM
0LAI	-0.9	-0.87	-0.9	-0.78	0.81	0.88	0.55		0.69	-0.07	0LAI
SSON	-0.66	-0.58	-0.59	-0.4	0.84	0.77	0.29	0.69		-0.1	SSON
0M69	0.02	-0.04	0.0	-0.06	-0.13	0.01	-0.01	-0.07	-0.1		0M69
	DLN	HMSO	WKP	SUPR	GAW	HSBK	XLM	0LAI	SSON	0M69

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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

WKP	+ 0.98	DLN
WKP	+ 0.93	HMSO
SUPR	+ 0.93	HMSO
HMSO	+ 0.92	DLN
SUPR	+ 0.89	WKP
SUPR	+ 0.88	DLN

High negative correlations

0LAI	- 0.9	WKP
0LAI	- 0.9	DLN
0LAI	- 0.87	HMSO
HSBK	- 0.87	HMSO
HSBK	- 0.86	DLN
HSBK	- 0.84	WKP

Risk-Adjusted Indicators

There is a big difference between Cardiff Stock performing well and Cardiff Property 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 Cardiff Property'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
DLN	0.95	(0.31)	0.00	(1.40)	0.00	0.00	1.25	(1.84)	7.03
HMSO	1.09	(0.20)	0.00	(0.86)	0.00	0.00	1.91	(2.62)	8.58
WKP	1.26	(0.39)	0.00	(2.39)	0.00	0.00	2.01	(3.03)	8.98
SUPR	0.76	(0.10)	0.00	(1.18)	0.00	0.00	1.71	(1.45)	5.97
GAW	1.31	0.36	0.28	1.18	0.86	(1.60)	2.25	(1.81)	20.24
HSBK	1.14	0.23	0.13	(2.31)	1.19	(1.29)	2.85	(2.47)	9.02
XLM	1.72	(0.05)	0.00	(0.01)	0.00	0.00	2.63	(2.54)	50.54
0LAI	1.42	0.41	0.28	1.11	0.94	(1.86)	4.47	(2.40)	13.35
SSON	0.64	0.07	0.06	6.49	0.71	(0.75)	1.65	(1.32)	5.00
0M69	5.32	0.97	0.00	0.64	0.00	0.00	0.46	0.00	107.82

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Our tools can tell you how much better you can do entering a position in Cardiff Property 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.

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