Rems Real Correlations

HLRRX Fund

USD 10.79 0.17 1.55%

The current 90-days correlation between Rems Real Estate and Credit Suisse Multialternative is 0.55 (i.e., Very weak diversification). The correlation of Rems Real 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.

Rems Real Correlation With Market

Weak diversification

The correlation between Rems Real Estate and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rems Real Estate 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 Rems Real Estate. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Rems Mutual Fund

0.74	FR	First Industrial Realty	Pair Corr
0.91	HR	Healthcare Realty Trust	Pair Corr
0.95	KW	Kennedy Wilson Holdings	Pair Corr
0.91	UE	Urban Edge Properties	Pair Corr
0.79	WY	Weyerhaeuser Earnings Call Today	Pair Corr
0.69	ADC-PA	Agree Realty	Pair Corr
0.71	DOUG	Douglas Elliman	Pair Corr
0.83	VICI	VICI Properties	Pair Corr
0.82	ELME	Elme Communities	Pair Corr
0.81	EPRT	Essential Properties	Pair Corr
0.74	WELL	Welltower	Pair Corr
0.73	ESBA	Empire State Realty	Pair Corr
0.9	ESRT	Empire State Realty	Pair Corr
0.88	EXPI	eXp World Holdings	Pair Corr

Moving against Rems Mutual Fund

0.48	MITT-PC	AG Mortgage Investment	Pair Corr
0.31	DX	Dynex Capital Earnings Call This Week	Pair Corr
0.57	CDR-PC	Cedar Realty Trust	Pair Corr

Related Correlations Analysis

	CSQIX	ATACX	MFTFX	AMFAX	LIFAX	QCILIX	ABYIX	IPBAX
CSQIX		0.71	0.71	0.64	0.67	-0.06	0.68	0.27	CSQIX
ATACX	0.71		0.35	0.28	0.4	0.21	0.17	0.69	ATACX
MFTFX	0.71	0.35		0.91	0.57	0.02	0.89	0.1	MFTFX
AMFAX	0.64	0.28	0.91		0.57	-0.08	0.89	0.0	AMFAX
LIFAX	0.67	0.4	0.57	0.57		0.31	0.49	0.28	LIFAX
QCILIX	-0.06	0.21	0.02	-0.08	0.31		-0.34	0.75	QCILIX
ABYIX	0.68	0.17	0.89	0.89	0.49	-0.34		-0.27	ABYIX
IPBAX	0.27	0.69	0.1	0.0	0.28	0.75	-0.27		IPBAX
	CSQIX	ATACX	MFTFX	AMFAX	LIFAX	QCILIX	ABYIX	IPBAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

AMFAX	+ 0.91	MFTFX
ABYIX	+ 0.89	MFTFX
ABYIX	+ 0.89	AMFAX
IPBAX	+ 0.75	QCILIX
ATACX	+ 0.71	CSQIX
MFTFX	+ 0.71	CSQIX

High negative correlations

ABYIX	- 0.34	QCILIX
IPBAX	- 0.27	ABYIX
QCILIX	- 0.08	AMFAX
QCILIX	- 0.06	CSQIX
IPBAX	- 0.0	AMFAX

Risk-Adjusted Indicators

There is a big difference between Rems Mutual Fund performing well and Rems Real Mutual 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 Rems Real'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
CSQIX	0.25	0.02	(0.01)	0.20	0.20	(0.33)	0.62	(0.37)	1.74
ATACX	0.95	0.04	0.02	0.11	1.09	(1.04)	2.15	(2.06)	10.18
MFTFX	1.01	0.06	0.02	(0.71)	1.37	(0.97)	1.70	(2.06)	5.15
AMFAX	0.50	0.00	(0.04)	(0.01)	0.61	(0.56)	0.82	(0.93)	2.78
LIFAX	0.12	0.00	(0.17)	(0.19)	0.10	(0.15)	0.26	(0.26)	0.78
QCILIX	0.14	(0.02)	0.00	(1.09)	0.00	0.00	0.28	(0.32)	0.91
ABYIX	0.33	0.03	0.00	(0.29)	0.37	(0.36)	0.65	(0.73)	1.94
IPBAX	0.35	(0.03)	0.00	(0.13)	0.00	0.00	0.57	(0.68)	3.10

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