Maui Land Correlations

MLP Stock

USD 18.09 0.06 0.33%

The current 90-days correlation between Maui Land Pineapple and New England Realty is -0.05 (i.e., Good diversification). The correlation of Maui Land 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.

Maui Land Correlation With Market

Weak diversification

The correlation between Maui Land Pineapple and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Maui Land Pineapple 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 Maui Land Pineapple. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Maui Stock

0.75	CWK	Cushman Wakefield plc	Pair Corr
0.77	FSV	FirstService Corp	Pair Corr
0.63	MMI	Marcus Millichap	Pair Corr
0.83	RMAX	Re Max Holding	Pair Corr
0.64	CIGI	Colliers International	Pair Corr
0.7	KW	Kennedy Wilson Holdings	Pair Corr
0.63	OZ	Belpointe PREP LLC	Pair Corr
0.82	PK	Park Hotels Resorts	Pair Corr
0.72	RC	Ready Capital Corp	Pair Corr
0.9	UE	Urban Edge Properties	Pair Corr

Moving against Maui Stock

0.75	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.75	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.7	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.69	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.69	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.67	DX	Dynex Capital	Pair Corr
0.61	O	Realty Income	Pair Corr
0.49	FR	First Industrial Realty	Pair Corr
0.42	WY	Weyerhaeuser	Pair Corr
0.81	CDR-PC	Cedar Realty Trust	Pair Corr
0.63	MITT-PC	AG Mortgage Investment	Pair Corr
0.62	NREF-PA	NexPoint Real Estate	Pair Corr
0.6	VICI	VICI Properties	Pair Corr
0.6	WELL	Welltower	Pair Corr
0.6	CDR-PB	Cedar Realty Trust	Pair Corr
0.54	FBRT	Franklin BSP Realty	Pair Corr
0.49	MITT-PA	AG Mortgage Investment	Pair Corr
0.49	ELME	Elme Communities	Pair Corr
0.38	VNO-PL	Vornado Realty Trust	Pair Corr

Related Correlations Analysis

	NEN	MMI	MAYS	FSV	FRPH	TCI	HOUS	RMAX	IRS	RMR
NEN		-0.23	0.3	-0.01	-0.04	-0.26	-0.09	0.06	-0.03	-0.17	NEN
MMI	-0.23		-0.33	0.54	0.78	0.17	0.62	0.49	0.17	0.42	MMI
MAYS	0.3	-0.33		-0.17	-0.14	-0.14	-0.55	-0.3	-0.29	-0.34	MAYS
FSV	-0.01	0.54	-0.17		0.54	0.14	0.23	0.79	0.76	0.76	FSV
FRPH	-0.04	0.78	-0.14	0.54		-0.11	0.46	0.45	0.14	0.35	FRPH
TCI	-0.26	0.17	-0.14	0.14	-0.11		-0.02	0.08	0.18	0.27	TCI
HOUS	-0.09	0.62	-0.55	0.23	0.46	-0.02		0.33	0.03	0.03	HOUS
RMAX	0.06	0.49	-0.3	0.79	0.45	0.08	0.33		0.79	0.81	RMAX
IRS	-0.03	0.17	-0.29	0.76	0.14	0.18	0.03	0.79		0.76	IRS
RMR	-0.17	0.42	-0.34	0.76	0.35	0.27	0.03	0.81	0.76		RMR
	NEN	MMI	MAYS	FSV	FRPH	TCI	HOUS	RMAX	IRS	RMR

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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

RMR	+ 0.81	RMAX
RMAX	+ 0.79	FSV
IRS	+ 0.79	RMAX
FRPH	+ 0.78	MMI
IRS	+ 0.76	FSV
RMR	+ 0.76	FSV

High negative correlations

HOUS	- 0.55	MAYS
RMR	- 0.34	MAYS
MAYS	- 0.33	MMI
RMAX	- 0.3	MAYS
IRS	- 0.29	MAYS
TCI	- 0.26	NEN

Risk-Adjusted Indicators

There is a big difference between Maui Stock performing well and Maui Land 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 Maui Land'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	1.54	0.09	0.09	(0.28)	1.49	(2.53)	4.39	(3.08)	12.59
MMI	1.62	(0.09)	0.00	(0.15)	0.00	0.00	2.94	(3.82)	10.27
MAYS	1.11	(0.15)	0.00	(3.34)	0.00	0.00	3.24	(3.61)	16.26
FSV	0.95	(0.10)	0.00	(0.21)	0.00	0.00	2.00	(2.62)	5.89
FRPH	1.10	(0.11)	0.00	(0.21)	0.00	0.00	1.81	(3.61)	7.96
TCI	1.63	0.01	0.04	(0.23)	1.90	(2.01)	4.17	(3.13)	12.24
HOUS	3.24	(0.05)	0.00	(0.10)	0.00	0.00	6.03	(7.40)	19.40
RMAX	2.18	(0.33)	0.00	(0.32)	0.00	0.00	4.32	(3.69)	17.71
IRS	2.48	(0.18)	0.00	(0.29)	0.00	0.00	4.49	(5.74)	13.97
RMR	1.04	(0.34)	0.00	(0.91)	0.00	0.00	1.80	(3.21)	6.24

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