NexPoint Real Correlations
| NREF-PA Preferred Stock | USD 24.00 0.12 0.50% |
The current 90-days correlation between NexPoint Real Estate and Cherry Hill Mortgage is -0.05 (i.e., Good diversification). The correlation of NexPoint Real 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.
NexPoint Real Correlation With Market
Good diversification
The correlation between NexPoint Real Estate and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NexPoint Real Estate and DJI in the same portfolio, assuming nothing else is changed.
NexPoint |
The ability to find closely correlated positions to NexPoint Real could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NexPoint Real 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 NexPoint Real - 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 NexPoint Real Estate to buy it.
Moving together with NexPoint Preferred Stock
| 0.62 | MITT-PA | AG Mortgage Investment | PairCorr |
| 0.61 | MITT-PC | AG Mortgage Investment | PairCorr |
| 0.71 | ACR-PC | ACRES Commercial Realty | PairCorr |
| 0.62 | NLY-PI | Annaly Capital Management | PairCorr |
| 0.66 | NLY-PF | Annaly Capital Management | PairCorr |
| 0.67 | NLY-PG | Annaly Capital Management | PairCorr |
| 0.65 | RITM-PC | Rithm Capital Corp | PairCorr |
| 0.7 | RITM-PD | Rithm Capital Corp | PairCorr |
| 0.66 | RITM-PB | Rithm Capital Corp | PairCorr |
| 0.66 | TWO-PB | Two Harbors Investment | PairCorr |
| 0.63 | MFA-PC | MFA Financial | PairCorr |
| 0.69 | AGNCP | AGNC Investment Corp | PairCorr |
| 0.66 | AGNCO | AGNC Investment Corp | PairCorr |
| 0.69 | AGNCN | AGNC Investment Corp | PairCorr |
| 0.61 | AGNCM | AGNC Investment Corp | PairCorr |
Moving against NexPoint Preferred Stock
| 0.58 | ABR-PE | Arbor Realty Trust | PairCorr |
| 0.55 | RC-PC | Ready Capital | PairCorr |
| 0.52 | RC-PE | Ready Capital | PairCorr |
| 0.49 | LFT-PA | Lument Finance Trust | PairCorr |
| 0.42 | ABR-PD | Arbor Realty Trust | PairCorr |
| 0.37 | ABR-PF | Arbor Realty Trust | PairCorr |
| 0.53 | CHMI-PA | Cherry Hill Mortgage | PairCorr |
| 0.33 | CIM-PA | Chimera Investment | PairCorr |
Related Correlations Analysis
| 0.8 | 0.86 | 0.88 | 0.68 | ACR-PC | ||
| 0.8 | 0.63 | 0.71 | 0.75 | DX-PC | ||
| 0.86 | 0.63 | 0.82 | 0.44 | PMT-PA | ||
| 0.88 | 0.71 | 0.82 | 0.67 | MITT-PC | ||
| 0.68 | 0.75 | 0.44 | 0.67 | CHMI-PB | ||
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Risk-Adjusted Indicators
There is a big difference between NexPoint Preferred Stock performing well and NexPoint Real 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 NexPoint Real'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ACR-PC | 0.16 | 0.05 | 0.33 | 6.59 | 0.00 | 0.44 | 1.51 | |||
| DX-PC | 0.27 | 0.02 | 0.11 | 0.23 | 0.40 | 0.56 | 3.47 | |||
| PMT-PA | 0.69 | 0.05 | 0.09 | 0.11 | 0.76 | 1.76 | 3.80 | |||
| MITT-PC | 0.20 | 0.02 | 0.24 | 0.33 | 0.13 | 0.45 | 1.29 | |||
| CHMI-PB | 0.37 | 0.04 | 0.14 | 0.47 | 0.37 | 0.81 | 2.65 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in NexPoint Real 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.Did you try this?
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NexPoint Real Corporate Management
| Brian CPA | Ex CFO | Profile | |
| Matthew Goetz | VP Management | Profile | |
| Dennis Sauter | G Counsel | Profile | |
| CPA CFA | Pres Chairman | Profile | |
| Matthew JD | Ex Officer | Profile | |
| Jackie Graham | Director Markets | Profile |