Principal Real Correlations

PGZ Stock

USD 10.71 0.07 0.65%

The current 90-days correlation between Principal Real Estate and CBH is -0.11 (i.e., Good diversification). The correlation of Principal 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Principal Real Correlation With Market

Significant diversification

The correlation between Principal Real Estate and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Principal Real Estate 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 Principal Real Estate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Principal Stock

0.62

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Pair Corr

Moving against Principal Stock

0.67	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.63	SYF	Synchrony Financial Fiscal Year End 28th of January 2025	Pair Corr
0.61	COF	Capital One Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.59	DFS	Discover Financial Fiscal Year End 15th of January 2025	Pair Corr
0.59	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.59	C	Citigroup Fiscal Year End 10th of January 2025	Pair Corr
0.58	APO	Apollo Global Management	Pair Corr
0.56	CG	Carlyle Group	Pair Corr
0.56	BLK	BlackRock Fiscal Year End 10th of January 2025	Pair Corr
0.56	UPST	Upstart Holdings Buyout Trend	Pair Corr
0.55	BAM	Brookfield Asset Man	Pair Corr
0.52	AX	Axos Financial	Pair Corr
0.51	V	Visa Class A	Pair Corr
0.51	AB	AllianceBernstein	Pair Corr
0.51	AC	Associated Capital	Pair Corr
0.51	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.5	KKR	KKR Co LP	Pair Corr
0.5	PYPL	PayPal Holdings	Pair Corr
0.5	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.5	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.47	MA	Mastercard	Pair Corr
0.46	APAM	Artisan Partners Asset Fiscal Year End 4th of February 2025	Pair Corr
0.42	AXP	American Express Sell-off Trend	Pair Corr
0.42	L	Loews Corp	Pair Corr
0.4	PPYA	Papaya Growth Opportunity	Pair Corr
0.39	BN	Brookfield Corp	Pair Corr
0.33	DHIL	Diamond Hill Investment	Pair Corr
0.67	LC	LendingClub Corp	Pair Corr
0.6	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.58	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.57	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.52	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.51	WT	WisdomTree	Pair Corr
0.46	KB	KB Financial Group	Pair Corr
0.46	LX	Lexinfintech Holdings Trending	Pair Corr
0.46	QD	Qudian Inc Trending	Pair Corr
0.45	TW	Tradeweb Markets	Pair Corr

Related Correlations Analysis

	CBH	EOT	IHTA	MHN	NXC	VBF	VTN	DMF	PNF	VPV
CBH		-0.53	0.93	-0.26	-0.56	-0.85	-0.05	-0.38	-0.25	0.13	CBH
EOT	-0.53		-0.44	0.69	0.79	0.76	0.27	0.48	0.67	0.36	EOT
IHTA	0.93	-0.44		-0.27	-0.52	-0.79	-0.12	-0.39	-0.23	0.09	IHTA
MHN	-0.26	0.69	-0.27		0.8	0.62	0.73	0.6	0.85	0.83	MHN
NXC	-0.56	0.79	-0.52	0.8		0.84	0.33	0.39	0.82	0.43	NXC
VBF	-0.85	0.76	-0.79	0.62	0.84		0.22	0.4	0.65	0.18	VBF
VTN	-0.05	0.27	-0.12	0.73	0.33	0.22		0.73	0.45	0.9	VTN
DMF	-0.38	0.48	-0.39	0.6	0.39	0.4	0.73		0.4	0.59	DMF
PNF	-0.25	0.67	-0.23	0.85	0.82	0.65	0.45	0.4		0.6	PNF
VPV	0.13	0.36	0.09	0.83	0.43	0.18	0.9	0.59	0.6		VPV
	CBH	EOT	IHTA	MHN	NXC	VBF	VTN	DMF	PNF	VPV

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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

IHTA	+ 0.93	CBH
VPV	+ 0.9	VTN
PNF	+ 0.85	MHN
VBF	+ 0.84	NXC
VPV	+ 0.83	MHN
PNF	+ 0.82	NXC

High negative correlations

VBF	- 0.85	CBH
VBF	- 0.79	IHTA
NXC	- 0.56	CBH
EOT	- 0.53	CBH
NXC	- 0.52	IHTA
IHTA	- 0.44	EOT

Risk-Adjusted Indicators

There is a big difference between Principal Stock performing well and Principal 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 Principal 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
CBH	0.13	0.04	(0.37)	(3.98)	0.00	(0.18)	0.22	(0.22)	0.78
EOT	0.37	0.03	(0.17)	(1.15)	0.40	(0.43)	0.81	(0.87)	1.93
IHTA	0.23	0.04	(0.13)	2.12	0.25	(0.31)	0.68	(0.27)	2.03
MHN	0.39	0.04	(0.09)	2.21	0.62	(0.37)	0.95	(1.03)	2.69
NXC	0.48	(0.01)	(0.19)	(0.08)	0.61	(0.52)	0.95	(0.95)	2.82
VBF	0.40	(0.08)	0.00	(0.64)	0.00	0.00	0.81	(1.01)	2.92
VTN	0.35	0.04	(0.13)	3.35	0.43	(0.38)	0.71	(0.70)	2.23
DMF	0.46	0.03	(0.10)	0.35	0.63	(0.48)	0.85	(1.10)	3.35
PNF	0.40	0.01	(0.18)	0.23	0.41	(0.54)	1.13	(0.75)	2.74
VPV	0.32	0.04	(0.16)	4.61	0.30	(0.39)	0.64	(0.54)	1.79

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