Invitation Homes Correlations

Stocks . USA . 
Stock . Invitation Homes
INVH Stock  USD 33.87  0.17  0.50%   
The current 90-days correlation between Invitation Homes and American Homes 4 is 0.84 (i.e., Very poor diversification). The correlation of Invitation Homes 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.

Invitation Homes Correlation With Market

Modest diversification

The correlation between Invitation Homes and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invitation Homes 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 Invitation Homes. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
For more detail on how to invest in Invitation Stock please use our How to Invest in Invitation Homes guide.

Moving together with Invitation Stock

  0.67HR Healthcare Realty TrustPairCorr
  0.65VICI VICI PropertiesPairCorr
  0.68ELME Elme CommunitiesPairCorr
  0.62ADC Agree RealtyPairCorr
  0.86ALX AlexandersPairCorr
  0.62AMH American Homes 4PairCorr
  0.73AMT American Tower CorpPairCorr
  0.69BHR Braemar Hotel ResortsPairCorr
  0.77BNL Broadstone Net LeasePairCorr
  0.71BRT BRT Realty TrustPairCorr
  0.77CCI Crown CastlePairCorr

Moving against Invitation Stock

  0.48PW Power REIT Earnings Call This WeekPairCorr
  0.46PK Park Hotels ResortsPairCorr
  0.42EQIX EquinixPairCorr
  0.38Z Zillow Group ClassPairCorr
  0.43BDN Brandywine Realty TrustPairCorr
  0.42AHH Armada Hflr PrPairCorr
  0.34AHT Ashford Hospitality TrustPairCorr
  0.67EQC Equity CommonwealthPairCorr
  0.47DLR Digital Realty TrustPairCorr
  0.4DRH Diamondrock HospitalityPairCorr
  0.36CUZ Cousins PropertiesPairCorr

Related Correlations Analysis

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   
CPT
+ 0.94
MAA
SUI
+ 0.74
MAA
SUI
+ 0.7
CPT
COLD
+ 0.6
SUI
COLD
+ 0.49
MAA
COLD
+ 0.42
CPT
  
High negative correlations   
COLD
- 0.13
AMH

Risk-Adjusted Indicators

There is a big difference between Invitation Stock performing well and Invitation Homes 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 Invitation Homes' 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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY