Real Estate Correlations

FIIB11 Fund

BRL 497.49 2.91 0.58%

The current 90-days correlation between Real Estate Investment and Maxi Renda Fundo is 0.04 (i.e., Significant diversification). The correlation of Real Estate 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.

Real Estate Correlation With Market

Good diversification

The correlation between Real Estate Investment and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Real Estate Investment and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Real Fund

0.65	HGRU11	CSHG Renda Urbana	Pair Corr
0.84	HSML11	Hsi Malls Fundo	Pair Corr
0.63	KNRI11	Kinea Renda Imobiliria	Pair Corr
0.73	SNEL11	Fundo De Investimento	Pair Corr
0.76	KCRE11	Kinea Creditas Fundo	Pair Corr
0.79	VISC11	Vinci Shopping Centers	Pair Corr
0.72	HGCR11	CSHG Recebiveis Imob	Pair Corr
0.65	HGRE11	CSHG Real Estate	Pair Corr
0.61	HOFC11	HEDGE OFFICE INCOME	Pair Corr
0.69	KFOF11	Kinea Fundo Fundos	Pair Corr
0.64	KNCR11	Kinea Rendimentos	Pair Corr
0.65	KNSC11	Kinea Securities Fundo	Pair Corr

Related Correlations Analysis

	MXRF11	KNSC11	KNCR11	KFOF11	KNIP11	SNEL11	KNHY11	HGRU11	HSML11	KNRI11
MXRF11		0.73	0.75	0.45	0.57	0.58	0.67	0.78	0.34	0.61	MXRF11
KNSC11	0.73		0.77	0.75	0.81	0.66	0.85	0.89	0.63	0.88	KNSC11
KNCR11	0.75	0.77		0.47	0.55	0.75	0.56	0.85	0.53	0.62	KNCR11
KFOF11	0.45	0.75	0.47		0.84	0.54	0.8	0.65	0.82	0.72	KFOF11
KNIP11	0.57	0.81	0.55	0.84		0.53	0.85	0.73	0.57	0.77	KNIP11
SNEL11	0.58	0.66	0.75	0.54	0.53		0.53	0.71	0.65	0.66	SNEL11
KNHY11	0.67	0.85	0.56	0.8	0.85	0.53		0.79	0.53	0.86	KNHY11
HGRU11	0.78	0.89	0.85	0.65	0.73	0.71	0.79		0.6	0.86	HGRU11
HSML11	0.34	0.63	0.53	0.82	0.57	0.65	0.53	0.6		0.62	HSML11
KNRI11	0.61	0.88	0.62	0.72	0.77	0.66	0.86	0.86	0.62		KNRI11
	MXRF11	KNSC11	KNCR11	KFOF11	KNIP11	SNEL11	KNHY11	HGRU11	HSML11	KNRI11

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

Risk-Adjusted Indicators

There is a big difference between Real Fund performing well and Real Estate Fund 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 Real Estate'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
MXRF11	0.65	0.00	0.13	0.28	0.75	(0.81)	1.54	(1.45)	4.47
KNSC11	1.05	0.13	0.18	(1.09)	1.27	(1.11)	2.34	(2.22)	6.59
KNCR11	0.71	0.07	0.21	(0.50)	0.79	(0.77)	1.84	(1.39)	4.42
KFOF11	0.94	0.12	0.20	(1.26)	1.04	(0.96)	1.96	(2.05)	4.29
KNIP11	0.73	0.11	0.25	(2.26)	0.72	(0.81)	1.65	(1.57)	3.92
SNEL11	0.74	0.10	0.19	1.84	0.85	(0.94)	2.26	(1.70)	7.65
KNHY11	0.90	0.11	0.23	(1.79)	0.87	(1.06)	2.03	(1.40)	6.25
HGRU11	0.80	0.14	0.28	0.82	0.68	(1.01)	1.94	(1.28)	6.90
HSML11	0.97	0.14	0.19	1.86	1.11	(1.05)	2.19	(2.15)	6.96
KNRI11	0.77	0.17	0.28	1.31	0.69	(0.82)	2.18	(1.33)	4.89

Be your own money manager

Our tools can tell you how much better you can do entering a position in Real Estate 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 My Watchlist Analysis Now

My Watchlist Analysis

Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like

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