Realestaterealreturn Correlations

PETAX Fund

USD 21.08 0.14 0.67%

The current 90-days correlation between Realestaterealreturn and Intal High Relative is -0.17 (i.e., Good diversification). The correlation of Realestaterealreturn 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.

Realestaterealreturn Correlation With Market

Very good diversification

The correlation between Realestaterealreturn Strategy and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Realestaterealreturn Strategy and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Realestaterealreturn Strategy Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Realestaterealreturn Mutual Fund

0.77	O	Realty Income	Pair Corr
0.73	DX	Dynex Capital	Pair Corr
0.9	FR	First Industrial Realty	Pair Corr
0.73	WY	Weyerhaeuser	Pair Corr
0.75	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.74	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.71	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.77	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.73	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.67	VICI	VICI Properties	Pair Corr
0.7	MITT-PA	AG Mortgage Investment	Pair Corr
0.84	MITT-PB	AG Mortgage Investment	Pair Corr
0.75	MITT-PC	AG Mortgage Investment	Pair Corr
0.67	ELME	Elme Communities	Pair Corr
0.84	WELL	Welltower	Pair Corr
0.66	CDR-PB	Cedar Realty Trust	Pair Corr

Moving against Realestaterealreturn Mutual Fund

0.56	PW	Power REIT	Pair Corr
0.49	PK	Park Hotels Resorts	Pair Corr
0.31	RC	Ready Capital Corp	Pair Corr
0.69	WHLR	Wheeler Real Estate	Pair Corr
0.57	WETH	Wetouch Technology Common	Pair Corr
0.53	AAT	American Assets Trust	Pair Corr
0.52	EXPI	eXp World Holdings	Pair Corr
0.48	ESBA	Empire State Realty	Pair Corr
0.48	ESRT	Empire State Realty	Pair Corr
0.48	ABR	Arbor Realty Trust	Pair Corr
0.45	FISK	Empire State Realty	Pair Corr

Related Correlations Analysis

	DIHRX	OPTCX	GQESX	EICVX	BXECX	JTSQX	VIPIX
DIHRX		0.85	0.29	0.94	0.95	0.29	0.92	DIHRX
OPTCX	0.85		0.05	0.81	0.86	0.06	0.83	OPTCX
GQESX	0.29	0.05		0.35	0.18	0.84	0.16	GQESX
EICVX	0.94	0.81	0.35		0.89	0.38	0.9	EICVX
BXECX	0.95	0.86	0.18	0.89		0.1	0.95	BXECX
JTSQX	0.29	0.06	0.84	0.38	0.1		0.08	JTSQX
VIPIX	0.92	0.83	0.16	0.9	0.95	0.08		VIPIX
	DIHRX	OPTCX	GQESX	EICVX	BXECX	JTSQX	VIPIX

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Risk-Adjusted Indicators

There is a big difference between Realestaterealreturn Mutual Fund performing well and Realestaterealreturn Mutual 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 Realestaterealreturn'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
DIHRX	0.58	0.13	0.21	0.18	0.56	(0.67)	1.51	(0.99)	3.80
OPTCX	0.05	0.00	0.23	(0.27)	0.02	(0.14)	0.10	(0.10)	0.62
GQESX	0.61	(0.02)	0.05	0.05	0.86	(0.61)	1.23	(1.52)	3.87
EICVX	0.55	0.13	0.21	0.16	0.56	(0.58)	1.12	(0.89)	2.93
BXECX	0.18	0.05	0.44	(0.88)	0.00	(0.32)	0.55	(0.27)	1.21
JTSQX	0.64	0.02	0.00	(0.03)	0.00	0.00	1.22	(1.34)	3.69
VIPIX	0.21	0.05	0.39	1.77	0.00	(0.27)	0.53	(0.42)	1.30

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