Smart REIT Correlations

CWYUF Stock

USD 17.60 0.19 1.07%

The correlation of Smart REIT 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.

Smart REIT Correlation With Market

Significant diversification

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

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

Moving together with Smart Pink Sheet

0.67	AVAL	Grupo Aval	Pair Corr
0.7	BCH	Banco De Chile Normal Trading	Pair Corr
0.61	TECTP	Tectonic Financial	Pair Corr
0.61	TD	Toronto Dominion Bank	Pair Corr
0.64	BTT	Blackrock Municipal	Pair Corr
0.82	FARM	Farmer Bros	Pair Corr
0.61	BACQU	Bleichroeder Acquisition	Pair Corr
0.84	MDLZ	Mondelez International	Pair Corr
0.77	SR	Spire Inc	Pair Corr

Moving against Smart Pink Sheet

0.8	OPINL	Office Properties Income	Pair Corr
0.6	KB	KB Financial Group	Pair Corr
0.44	MVST	Microvast Holdings Aggressive Push	Pair Corr
0.39	SHG	Shinhan Financial	Pair Corr
0.53	QMCO	Quantum Trending	Pair Corr
0.51	SES	SES AI Corp	Pair Corr

Related Correlations Analysis

	FRMUF	CTRRF	SRRTF	PECO	PPRQF	SPG-PJ	RIOCF	PAZRF	PMREF
FRMUF		0.0	0.5	-0.34	0.19	-0.19	0.84	-0.24	-0.01	FRMUF
CTRRF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	CTRRF
SRRTF	0.5	0.0		0.41	0.54	-0.02	0.53	0.16	0.35	SRRTF
PECO	-0.34	0.0	0.41		0.36	0.12	-0.27	0.48	0.32	PECO
PPRQF	0.19	0.0	0.54	0.36		0.15	0.1	0.51	0.49	PPRQF
SPG-PJ	-0.19	0.0	-0.02	0.12	0.15		-0.39	0.12	0.06	SPG-PJ
RIOCF	0.84	0.0	0.53	-0.27	0.1	-0.39		-0.36	-0.04	RIOCF
PAZRF	-0.24	0.0	0.16	0.48	0.51	0.12	-0.36		0.43	PAZRF
PMREF	-0.01	0.0	0.35	0.32	0.49	0.06	-0.04	0.43		PMREF
	FRMUF	CTRRF	SRRTF	PECO	PPRQF	SPG-PJ	RIOCF	PAZRF	PMREF

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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

RIOCF	+ 0.84	FRMUF
PPRQF	+ 0.54	SRRTF
RIOCF	+ 0.53	SRRTF
PAZRF	+ 0.51	PPRQF
SRRTF	+ 0.5	FRMUF
PMREF	+ 0.49	PPRQF

High negative correlations

RIOCF	- 0.39	SPG-PJ
PAZRF	- 0.36	RIOCF
PECO	- 0.34	FRMUF
RIOCF	- 0.27	PECO
PAZRF	- 0.24	FRMUF
SPG-PJ	- 0.19	FRMUF

Risk-Adjusted Indicators

There is a big difference between Smart Pink Sheet performing well and Smart REIT 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 Smart REIT'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
FRMUF	1.09	0.07	0.05	1.04	1.50	(2.18)	4.12	(4.08)	10.90
CTRRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SRRTF	1.05	(0.08)	0.00	1.19	0.00	0.00	2.09	(2.04)	5.52
PECO	1.05	(0.17)	0.00	1.07	0.00	0.00	1.75	(1.94)	4.34
PPRQF	1.64	0.20	0.03	0.04	3.76	(4.23)	2.89	(2.38)	35.69
SPG-PJ	0.75	(0.01)	0.00	(0.22)	0.00	0.00	2.10	(1.87)	5.55
RIOCF	1.09	0.00	0.09	(0.08)	1.36	(1.19)	2.54	(1.97)	7.64
PAZRF	1.03	0.04	0.03	0.03	1.72	(2.28)	3.85	(2.81)	13.22
PMREF	0.46	(0.07)	0.00	(4.25)	0.00	0.00	1.39	(1.95)	6.64

Be your own money manager

Our tools can tell you how much better you can do entering a position in Smart REIT 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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Smart REIT Corporate Management

Rudy Gobin	Executive VP of Portfolio Management and Investments and Member of Real Estate Committee	Profile
Allan Scully	Ex Devel	Profile
Julia Mok	Director Accounting	Profile
Erin Shirley	Director Management	Profile
Mitchell Goldhar	Trustee	Profile
Mauro Pambianchi	Chief Devel. Officer	Profile
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