HR Real Correlations

HRUFF Stock  USD 6.98  0.21  2.92%   
The current 90-days correlation between HR Real Estate and Broadstone Net Lease is 0.19 (i.e., Average diversification). The correlation of HR 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.

HR Real Correlation With Market

Significant diversification

The correlation between HR Real Estate and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HR Real Estate and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to HR Real could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HR Real 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 HR Real - 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 HR Real Estate to buy it.

Moving together with HRUFF Pink Sheet

  0.77VICI VICI PropertiesPairCorr
  0.75WPC W P CareyPairCorr
  0.84SHUNF Shunfeng InternationalPairCorr
  0.66MCD McDonaldsPairCorr
  0.7T ATT Inc Aggressive PushPairCorr
  0.75KO Coca ColaPairCorr
  0.78YUM Yum BrandsPairCorr
  0.63AXIL AXIL Brands,PairCorr
  0.71KOREF KORE MiningPairCorr
  0.82WPM Wheaton Precious MetalsPairCorr
  0.62VOLVF Volvo AB serPairCorr
  0.73GRABW Grab Holdings LimitedPairCorr

Moving against HRUFF Pink Sheet

  0.48GMGSF Goodman GroupPairCorr
  0.32PPERF Bank Mandiri PerseroPairCorr
  0.31GSEFF CovivioPairCorr
  0.65BCLI Brainstorm Cell TherPairCorr
  0.61NTRP NextTrip Symbol ChangePairCorr

Related Correlations Analysis

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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   
OLPGOOD
GOODBNL
OLPMDV
OLPBNL
GOODMDV
OLPGIPR
  
High negative correlations   
MDRRGOOD
MDRRMDV
MDRRBNL
SQFTGOOD
SQFTBNL
OLPMDRR

Risk-Adjusted Indicators

There is a big difference between HRUFF Pink Sheet performing well and HR Real 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 HR 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GIPR  1.70 (0.01) 0.00 (0.05) 0.00 
 3.51 
 16.78 
MDV  1.25 (0.03) 0.00 (0.09) 0.00 
 2.98 
 9.04 
BNL  1.01  0.01  0.01 (0.01) 1.27 
 1.91 
 4.42 
GOOD  0.83 (0.04) 0.00 (0.11) 0.00 
 1.73 
 5.34 
SQFT  4.32  0.60  0.10  0.90  4.62 
 14.75 
 33.20 
MDRR  1.51  0.12  0.06  0.25  1.92 
 3.54 
 15.04 
RTLPO  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
OLP  0.98 (0.07) 0.00 (0.16) 0.00 
 1.67 
 7.19 
MDV-PA  0.56 (0.04) 0.00 (0.52) 0.00 
 1.13 
 4.38 
RTLPP  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 

Be your own money manager

Our tools can tell you how much better you can do entering a position in HR Real 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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HR Real Corporate Management

Emily WatsonChief ResidentialProfile
Blair KundellEx OperationsProfile
Matthew KingstonExec ConstructionProfile
Colleen GrahnPres ResidentialProfile