Gyrodyne Company Correlations

GYRO Stock

USD 8.45 0.10 1.20%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gyrodyne Company moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gyrodyne Company of moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Gyrodyne Company Correlation With Market

Good diversification

The correlation between Gyrodyne Company of 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 Gyrodyne Company of and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gyrodyne Company of. 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 together with Gyrodyne Stock

0.63	JLL	Jones Lang LaSalle	Pair Corr
0.75	CBRE	CBRE Group Class	Pair Corr

Moving against Gyrodyne Stock

0.64	OZ	Belpointe PREP LLC	Pair Corr
0.51	TCI	Transcontinental Realty	Pair Corr
0.46	KW	Kennedy Wilson Holdings	Pair Corr
0.38	ADC-PA	Agree Realty	Pair Corr
0.37	HR	Healthcare Realty Trust	Pair Corr
0.4	VNO-PO	Vornado Realty Trust	Pair Corr

Related Correlations Analysis

	SFR	LEJU	WE	OPEN	BEKE
SFR		0.0	0.0	0.0	0.0	SFR
LEJU	0.0		0.0	0.0	0.0	LEJU
WE	0.0	0.0		0.0	0.0	WE
OPEN	0.0	0.0	0.0		-0.6	OPEN
BEKE	0.0	0.0	0.0	-0.6		BEKE
	SFR	LEJU	WE	OPEN	BEKE

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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

LEJU	+ 0.0	SFR
WE	+ 0.0	SFR
OPEN	+ 0.0	SFR
BEKE	+ 0.0	SFR
WE	+ 0.0	LEJU
OPEN	+ 0.0	LEJU

High negative correlations

BEKE	- 0.6	OPEN
BEKE	- 0.0	WE
OPEN	- 0.0	WE
BEKE	- 0.0	LEJU
OPEN	- 0.0	LEJU
WE	- 0.0	LEJU

Risk-Adjusted Indicators

There is a big difference between Gyrodyne Stock performing well and Gyrodyne Company 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 Gyrodyne Company'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
SFR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LEJU	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OPEN	3.45	(0.43)	0.00	(0.96)	0.00	0.00	6.52	(7.14)	19.92
BEKE	2.62	0.21	0.09	(0.52)	2.99	(2.90)	6.08	(4.86)	16.61

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