J W Correlations

MAYS Stock

USD 37.30 1.30 3.61%

The current 90-days correlation between J W Mays and Maui Land Pineapple is 0.04 (i.e., Significant diversification). The correlation of J W 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.

J W Correlation With Market

Very good diversification

The correlation between J W Mays and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding J W Mays and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in J W Mays. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving against MAYS Stock

0.71	HR	Healthcare Realty Trust	Pair Corr
0.54	STHO	Star Holdings	Pair Corr
0.53	KW	Kennedy Wilson Holdings	Pair Corr
0.53	PW	Power REIT	Pair Corr
0.51	WY	Weyerhaeuser	Pair Corr
0.46	PK	Park Hotels Resorts Sell-off Trend	Pair Corr
0.45	UE	Urban Edge Properties	Pair Corr
0.43	O	Realty Income	Pair Corr
0.35	RC	Ready Capital Corp	Pair Corr
0.31	GIPRW	Generation Income	Pair Corr
0.6	ADC-PA	Agree Realty	Pair Corr
0.6	DOUG	Douglas Elliman	Pair Corr
0.48	VICI	VICI Properties	Pair Corr
0.47	ELME	Elme Communities	Pair Corr
0.46	EPRT	Essential Properties Sell-off Trend	Pair Corr
0.33	VNO-PO	Vornado Realty Trust	Pair Corr
0.31	VNO-PM	Vornado Realty Trust	Pair Corr
0.7	BFS-PD	Saul Centers	Pair Corr
0.69	BFS-PE	Saul Centers	Pair Corr
0.56	EXPI	eXp World Holdings	Pair Corr
0.55	EQIX	Equinix	Pair Corr

Related Correlations Analysis

	NEN	MMI	FSV	MLP	FRPH	TCI	HOUS	RMAX	CPTP
NEN		-0.79	-0.85	-0.85	-0.63	-0.33	-0.81	-0.87	0.0	NEN
MMI	-0.79		0.74	0.83	0.86	0.33	0.89	0.85	0.0	MMI
FSV	-0.85	0.74		0.79	0.53	0.39	0.78	0.88	0.0	FSV
MLP	-0.85	0.83	0.79		0.58	0.41	0.72	0.88	0.0	MLP
FRPH	-0.63	0.86	0.53	0.58		0.05	0.88	0.67	0.0	FRPH
TCI	-0.33	0.33	0.39	0.41	0.05		0.22	0.35	0.0	TCI
HOUS	-0.81	0.89	0.78	0.72	0.88	0.22		0.87	0.0	HOUS
RMAX	-0.87	0.85	0.88	0.88	0.67	0.35	0.87		0.0	RMAX
CPTP	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CPTP
	NEN	MMI	FSV	MLP	FRPH	TCI	HOUS	RMAX	CPTP

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

HOUS	+ 0.89	MMI
RMAX	+ 0.88	FSV
RMAX	+ 0.88	MLP
HOUS	+ 0.88	FRPH
RMAX	+ 0.87	HOUS
FRPH	+ 0.86	MMI

High negative correlations

RMAX	- 0.87	NEN
MLP	- 0.85	NEN
FSV	- 0.85	NEN
HOUS	- 0.81	NEN
MMI	- 0.79	NEN
FRPH	- 0.63	NEN

Risk-Adjusted Indicators

There is a big difference between MAYS Stock performing well and J W 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 J W'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
NEN	1.77	0.26	0.11	1.85	2.00	(2.01)	4.39	(3.80)	12.65
MMI	1.46	(0.09)	0.00	0.33	0.00	0.00	2.94	(2.91)	8.50
FSV	0.88	(0.08)	0.00	(0.14)	0.00	0.00	2.00	(1.62)	6.62
MLP	1.63	(0.20)	0.00	(1.44)	0.00	0.00	4.19	(3.05)	11.75
FRPH	0.95	(0.02)	0.00	0.18	0.00	0.00	1.81	(1.75)	6.38
TCI	1.74	0.11	0.05	1.14	1.99	(2.03)	4.17	(3.53)	11.90
HOUS	2.97	(0.01)	0.00	(0.01)	0.00	0.00	6.03	(5.65)	19.59
RMAX	2.27	(0.24)	0.00	(0.12)	0.00	0.00	4.48	(3.69)	24.20
CPTP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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