Realty Income Correlations

RY6 Stock

EUR 51.91 0.16 0.31%

The current 90-days correlation between Realty Income and Aristocrat Leisure Limited is 0.16 (i.e., Average diversification). The correlation of Realty Income 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.

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

Moving together with Realty Stock

0.72	KPR	Klpierre SA	Pair Corr
0.74	AGL	AGREE RLTY P	Pair Corr
0.74	19YA	Yiren Digital	Pair Corr
0.64	VOWA	VOLKSWAGEN ADR 110ON	Pair Corr
0.78	VOL3	VOLVO -A-	Pair Corr
0.63	1NBA	Anheuser Busch InBev	Pair Corr
0.76	WY8	Universal Health Realty	Pair Corr
0.77	CVS	CVS Health Corp	Pair Corr
0.69	OKL	Orkla ASA	Pair Corr
0.77	ZEG	ASTRAZENECA	Pair Corr
0.63	MM0	MONETA MONEY BANK	Pair Corr
0.81	STD	STANDARD CHARTERED	Pair Corr

Moving against Realty Stock

0.54	D7GA	NEL ASA ADR30	Pair Corr
0.53	LYV	Lundin Energy AB	Pair Corr
0.45	KIC	Kimco Realty	Pair Corr
0.45	OS3	Otello ASA	Pair Corr
0.37	1JU	FATFISH GROUP LTD	Pair Corr
0.36	SWTF	Intouch Holdings Public	Pair Corr
0.72	DBPD	Xtrackers ShortDAX	Pair Corr
0.51	J9I0	5E ADVANCED MATERIALS Split	Pair Corr

Related Correlations Analysis

	AC8	PL0	UVD	45P	AS7	LA3A	CUW
AC8		0.44	-0.08	-0.19	-0.2	0.81	0.27	AC8
PL0	0.44		-0.45	-0.42	0.37	0.46	-0.35	PL0
UVD	-0.08	-0.45		0.1	-0.4	-0.18	0.56	UVD
45P	-0.19	-0.42	0.1		-0.51	-0.35	0.18	45P
AS7	-0.2	0.37	-0.4	-0.51		0.14	-0.48	AS7
LA3A	0.81	0.46	-0.18	-0.35	0.14		0.12	LA3A
CUW	0.27	-0.35	0.56	0.18	-0.48	0.12		CUW
	AC8	PL0	UVD	45P	AS7	LA3A	CUW

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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

LA3A	+ 0.81	AC8
CUW	+ 0.56	UVD
LA3A	+ 0.46	PL0
PL0	+ 0.44	AC8
AS7	+ 0.37	PL0
CUW	+ 0.27	AC8

High negative correlations

AS7	- 0.51	45P
CUW	- 0.48	AS7
UVD	- 0.45	PL0
45P	- 0.42	PL0
AS7	- 0.4	UVD
LA3A	- 0.35	45P

Risk-Adjusted Indicators

There is a big difference between Realty Stock performing well and Realty Income 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 Realty Income'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
AC8	1.40	(0.10)	0.00	(0.29)	0.00	0.00	2.67	(3.60)	8.66
PL0	1.59	0.42	0.35	(61.02)	0.92	(2.82)	2.63	(1.68)	32.59
UVD	1.69	(0.08)	0.00	2.08	0.00	0.00	3.67	(3.62)	12.01
45P	2.71	0.02	0.03	(0.10)	3.55	(3.98)	6.56	(6.45)	25.64
AS7	1.77	0.22	0.15	2.42	1.78	(2.06)	3.97	(3.31)	8.04
LA3A	1.25	0.03	0.05	0.25	1.57	(1.56)	2.86	(2.22)	9.73
CUW	1.37	(0.25)	0.00	3.37	0.00	0.00	2.65	(3.62)	12.31

Be your own money manager

Our tools can tell you how much better you can do entering a position in Realty Income 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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Realty Income Corporate Management

Elected by the shareholders, the Realty Income's board of directors comprises two types of representatives: Realty Income inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Realty. The board's role is to monitor Realty Income's management team and ensure that shareholders' interests are well served. Realty Income'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, Realty Income's outside directors are responsible for providing unbiased perspectives on the board's policies.

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