Real Estate Correlations

NCHB11 Fund

BRL 7.59 0.28 3.83%

The current 90-days correlation between Real Estate Investment and BTG Pactual Logstica is 0.01 (i.e., Significant diversification). The correlation of Real Estate 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.

Real Estate Correlation With Market

Average diversification

The correlation between Real Estate Investment and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Real Estate Investment and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Real Estate could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Real Estate 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 Real Estate - 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 Real Estate Investment to buy it.

Related Correlations Analysis

	BTLG11	PLPL3	HBTS5	BVAR11	E1RI34	C1AB34	BEWZ39	B1TI34	SUZB3	BUSR39
BTLG11		0.47	0.67	-0.55	-0.77	-0.74	-0.26	-0.63	-0.83	-0.71	BTLG11
PLPL3	0.47		-0.09	0.14	-0.05	-0.5	0.46	-0.71	-0.37	-0.35	PLPL3
HBTS5	0.67	-0.09		-0.83	-0.75	-0.56	-0.65	-0.18	-0.7	-0.49	HBTS5
BVAR11	-0.55	0.14	-0.83		0.73	0.5	0.71	0.18	0.69	0.47	BVAR11
E1RI34	-0.77	-0.05	-0.75	0.73		0.67	0.6	0.43	0.85	0.73	E1RI34
C1AB34	-0.74	-0.5	-0.56	0.5	0.67		0.19	0.81	0.88	0.83	C1AB34
BEWZ39	-0.26	0.46	-0.65	0.71	0.6	0.19		-0.19	0.46	0.16	BEWZ39
B1TI34	-0.63	-0.71	-0.18	0.18	0.43	0.81	-0.19		0.67	0.82	B1TI34
SUZB3	-0.83	-0.37	-0.7	0.69	0.85	0.88	0.46	0.67		0.77	SUZB3
BUSR39	-0.71	-0.35	-0.49	0.47	0.73	0.83	0.16	0.82	0.77		BUSR39
	BTLG11	PLPL3	HBTS5	BVAR11	E1RI34	C1AB34	BEWZ39	B1TI34	SUZB3	BUSR39

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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

SUZB3	+ 0.88	C1AB34
SUZB3	+ 0.85	E1RI34
BUSR39	+ 0.83	C1AB34
BUSR39	+ 0.82	B1TI34
B1TI34	+ 0.81	C1AB34
BUSR39	+ 0.77	SUZB3

High negative correlations

BVAR11	- 0.83	HBTS5
SUZB3	- 0.83	BTLG11
E1RI34	- 0.77	BTLG11
E1RI34	- 0.75	HBTS5
C1AB34	- 0.74	BTLG11
B1TI34	- 0.71	PLPL3

Risk-Adjusted Indicators

There is a big difference between Real Fund performing well and Real Estate Fund 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 Real Estate'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
BTLG11	0.77	(0.16)	0.00	2.13	0.00	0.00	1.20	(2.15)	8.00
PLPL3	1.91	(0.23)	0.00	(0.56)	0.00	0.00	3.33	(4.04)	13.45
HBTS5	1.85	(0.34)	0.00	0.47	0.00	0.00	6.83	(6.25)	20.48
BVAR11	0.39	0.06	0.00	0.53	0.00	0.00	0.28	0.00	10.26
E1RI34	1.28	0.35	0.18	166.36	0.73	(2.45)	3.62	(2.09)	16.05
C1AB34	1.42	0.34	0.06	(0.55)	2.01	(1.67)	4.00	(4.48)	13.73
BEWZ39	1.04	0.05	(0.02)	0.51	1.56	(1.00)	2.06	(2.76)	8.74
B1TI34	0.97	0.06	(0.02)	0.93	1.16	(1.08)	2.42	(1.94)	4.94
SUZB3	1.05	0.22	0.08	(0.59)	0.99	(1.16)	2.63	(1.72)	7.05
BUSR39	0.92	0.04	(0.02)	0.22	1.12	(1.05)	2.65	(2.13)	7.10

Be your own money manager

Our tools can tell you how much better you can do entering a position in Real Estate 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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