Medalist Diversified Correlations

MDRR Stock

USD 12.51 0.25 2.04%

The current 90-days correlation between Medalist Diversified Reit and Presidio Property Trust is -0.1 (i.e., Good diversification). The correlation of Medalist Diversified 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.

Medalist Diversified Correlation With Market

Average diversification

The correlation between Medalist Diversified Reit and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Medalist Diversified Reit 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 Medalist Diversified Reit. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving against Medalist Stock

0.55	WY	Weyerhaeuser	Pair Corr
0.47	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.43	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.42	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.39	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.38	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.34	FR	First Industrial Realty	Pair Corr
0.31	O	Realty Income	Pair Corr
0.49	CDR-PB	Cedar Realty Trust	Pair Corr
0.45	MITT-PC	AG Mortgage Investment	Pair Corr
0.41	CDR-PC	Cedar Realty Trust	Pair Corr
0.4	NREF-PA	NexPoint Real Estate	Pair Corr
0.33	FCPT	Four Corners Property	Pair Corr
0.31	DOUG	Douglas Elliman	Pair Corr
0.31	WELL	Welltower	Pair Corr

Related Correlations Analysis

	MDV	SQFT	RTLPO	GOOD	GIPR	OLP	MDV-PA	RTLPP	AHH
MDV		-0.37	0.0	-0.5	-0.58	0.47	0.24	0.0	-0.48	MDV
SQFT	-0.37		0.0	0.4	0.65	0.3	0.37	0.0	0.74	SQFT
RTLPO	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	RTLPO
GOOD	-0.5	0.4	0.0		0.74	-0.02	-0.31	0.0	0.81	GOOD
GIPR	-0.58	0.65	0.0	0.74		-0.01	0.04	0.0	0.77	GIPR
OLP	0.47	0.3	0.0	-0.02	-0.01		0.3	0.0	0.1	OLP
MDV-PA	0.24	0.37	0.0	-0.31	0.04	0.3		0.0	0.02	MDV-PA
RTLPP	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	RTLPP
AHH	-0.48	0.74	0.0	0.81	0.77	0.1	0.02	0.0		AHH
	MDV	SQFT	RTLPO	GOOD	GIPR	OLP	MDV-PA	RTLPP	AHH

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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

AHH	+ 0.81	GOOD
AHH	+ 0.77	GIPR
AHH	+ 0.74	SQFT
GIPR	+ 0.74	GOOD
GIPR	+ 0.65	SQFT
OLP	+ 0.47	MDV

High negative correlations

GIPR	- 0.58	MDV
GOOD	- 0.5	MDV
AHH	- 0.48	MDV
SQFT	- 0.37	MDV
MDV-PA	- 0.31	GOOD
OLP	- 0.02	GOOD

Risk-Adjusted Indicators

There is a big difference between Medalist Stock performing well and Medalist Diversified 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 Medalist Diversified'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
MDV	1.56	0.06	0.03	(0.19)	1.92	(1.68)	3.41	(3.58)	11.04
SQFT	2.70	(0.36)	0.00	(7.34)	0.00	0.00	7.46	(6.35)	25.59
RTLPO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GOOD	0.92	(0.15)	0.00	(0.20)	0.00	0.00	1.77	(2.10)	5.43
GIPR	1.66	(0.11)	0.00	(0.14)	0.00	0.00	3.51	(3.68)	20.07
OLP	1.15	(0.11)	0.00	(0.15)	0.00	0.00	1.96	(2.87)	6.25
MDV-PA	0.51	0.01	0.01	1.53	0.60	(0.58)	1.29	(1.25)	2.91
RTLPP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AHH	1.31	(0.47)	0.00	(0.48)	0.00	0.00	2.09	(3.69)	14.92

Medalist Diversified Corporate Management

Deron Esq	Counsel	Profile
Deron Colby	Counsel	Profile
Erin Burke	Chief Staff	Profile
Benjamin Ore	Controller	Profile

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