Nexpoint Residential Correlations
| NXRT Stock | USD 38.43 0.08 0.21% |
The current 90-days correlation between Nexpoint Residential and Community Healthcare Trust is 0.56 (i.e., Very weak diversification). The correlation of Nexpoint Residential 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.
Nexpoint Residential Correlation With Market
Very weak diversification
The correlation between Nexpoint Residential Trust and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nexpoint Residential Trust and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with Nexpoint Stock
Moving against Nexpoint Stock
Related Correlations Analysis
| -0.44 | 0.6 | 0.79 | -0.11 | IRT | ||
| -0.44 | 0.24 | -0.29 | 0.09 | CHCT | ||
| 0.6 | 0.24 | 0.45 | -0.27 | TRNO | ||
| 0.79 | -0.29 | 0.45 | 0.03 | NSA | ||
| -0.11 | 0.09 | -0.27 | 0.03 | UE | ||
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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
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Risk-Adjusted Indicators
There is a big difference between Nexpoint Stock performing well and Nexpoint Residential 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 Residential'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IRT | 1.02 | 0.06 | 0.04 | 0.08 | 1.41 | 2.24 | 5.14 | |||
| CHCT | 1.23 | 0.02 | 0.01 | 0.03 | 1.80 | 2.40 | 9.84 | |||
| TRNO | 1.04 | 0.12 | 0.09 | 0.14 | 1.15 | 2.15 | 9.03 | |||
| NSA | 1.18 | 0.03 | 0.02 | 0.04 | 1.37 | 2.07 | 7.97 | |||
| UE | 1.25 | (0.22) | 0.00 | 0.81 | 0.00 | 2.08 | 7.21 |
Nexpoint Residential Corporate Executives
Elected by the shareholders, the Nexpoint Residential's board of directors comprises two types of representatives: Nexpoint Residential inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nexpoint. The board's role is to monitor Nexpoint Residential's management team and ensure that shareholders' interests are well served. Nexpoint Residential's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Nexpoint Residential's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Paul Richards | Executive CFO | Profile |