HR Real Correlations

HRUFF Stock

USD 7.17 0.23 3.31%

The current 90-days correlation between HR Real Estate and Broadstone Net Lease is 0.13 (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

Average diversification

The correlation between HR Real Estate and DJI is 0.13 (i.e., Average 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

0.63	VICI	VICI Properties	Pair Corr
0.78	WPC	W P Carey	Pair Corr
0.72	LDSCY	Land Securities Group	Pair Corr
0.77	CDUAF	Canadian Utilities	Pair Corr
0.64	TRGGF	Tarachi Gold Corp	Pair Corr
0.9	TCTZF	Tencent Holdings Downward Rally	Pair Corr
0.68	DNCVF	Defiance Silver Corp	Pair Corr
0.77	CBYDF	Corby Spirit	Pair Corr
0.62	ASA	ASA Gold Normal Trading	Pair Corr
0.79	ALMTF	Almonty Industries	Pair Corr

Moving against HRUFF Pink Sheet

0.68	GSEFF	Covivio	Pair Corr
0.66	GMGSF	Goodman Group	Pair Corr
0.62	SEVCD	Sono Group NV Trending	Pair Corr

Related Correlations Analysis

	GIPR	MDV	BNL	GOOD	SQFT	MDRR	RTLPO	OLP	MDV-PA	RTLPP
GIPR		-0.61	-0.64	0.67	0.27	0.09	0.0	-0.09	0.14	0.0	GIPR
MDV	-0.61		0.61	-0.39	-0.16	-0.12	0.0	0.47	-0.01	0.0	MDV
BNL	-0.64	0.61		-0.56	-0.18	0.03	0.0	0.38	-0.09	0.0	BNL
GOOD	0.67	-0.39	-0.56		-0.05	-0.02	0.0	-0.16	-0.32	0.0	GOOD
SQFT	0.27	-0.16	-0.18	-0.05		0.25	0.0	0.16	0.55	0.0	SQFT
MDRR	0.09	-0.12	0.03	-0.02	0.25		0.0	0.38	0.08	0.0	MDRR
RTLPO	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	RTLPO
OLP	-0.09	0.47	0.38	-0.16	0.16	0.38	0.0		0.28	0.0	OLP
MDV-PA	0.14	-0.01	-0.09	-0.32	0.55	0.08	0.0	0.28		0.0	MDV-PA
RTLPP	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		RTLPP
	GIPR	MDV	BNL	GOOD	SQFT	MDRR	RTLPO	OLP	MDV-PA	RTLPP

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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

GOOD	+ 0.67	GIPR
BNL	+ 0.61	MDV
MDV-PA	+ 0.55	SQFT
OLP	+ 0.47	MDV
OLP	+ 0.38	BNL
OLP	+ 0.38	MDRR

High negative correlations

BNL	- 0.64	GIPR
MDV	- 0.61	GIPR
GOOD	- 0.56	BNL
GOOD	- 0.39	MDV
MDV-PA	- 0.32	GOOD
SQFT	- 0.18	BNL

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GIPR	1.64	(0.16)	0.00	(1.01)	0.00	0.00	3.23	(3.68)	20.07
MDV	1.44	0.13	0.10	0.74	1.73	(1.61)	3.14	(2.83)	11.04
BNL	0.98	0.14	0.19	(1.72)	1.03	(1.14)	2.15	(1.81)	4.51
GOOD	0.89	(0.04)	0.00	(0.13)	0.00	0.00	1.88	(2.10)	5.43
SQFT	3.03	(0.30)	0.00	0.33	0.00	0.00	7.69	(7.06)	25.59
MDRR	1.60	(0.07)	0.00	(1.13)	0.00	0.00	3.97	(3.52)	10.33
RTLPO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OLP	1.11	(0.02)	0.00	(0.30)	0.00	0.00	1.96	(2.80)	6.25
MDV-PA	0.48	(0.04)	0.00	3.38	0.00	0.00	1.13	(1.25)	2.91
RTLPP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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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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