Scully Royalty Correlations

SRL Stock

USD 8.14 0.02 0.25%

The current 90-days correlation between Scully Royalty and PJT Partners is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Scully Royalty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Scully Royalty moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Scully Royalty Correlation With Market

Significant diversification

The correlation between Scully Royalty 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 Scully Royalty and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Scully Royalty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Scully Stock please use our How to buy in Scully Stock guide.

Moving together with Scully Stock

0.62

MAIN

Main Street Capital

Pair Corr

Moving against Scully Stock

0.58	WD	Walker Dunlop	Pair Corr
0.5	DHIL	Diamond Hill Investment	Pair Corr
0.36	ABR	Arbor Realty Trust	Pair Corr
0.67	VEL	Velocity Financial Llc	Pair Corr
0.47	LMFA	LM Funding America	Pair Corr
0.35	SNTG	Sentage Holdings	Pair Corr
0.34	PYPL	PayPal Holdings Aggressive Push	Pair Corr

Related Correlations Analysis

	PJT	PIPR	EVR	MC	HLI	DFIN	SF	OPY	SF-PD	SCHW-PD
PJT		0.83	0.72	0.87	0.85	0.69	0.79	0.58	-0.04	-0.11	PJT
PIPR	0.83		0.96	0.94	0.93	0.86	0.91	0.62	-0.05	-0.49	PIPR
EVR	0.72	0.96		0.94	0.88	0.88	0.89	0.62	-0.14	-0.62	EVR
MC	0.87	0.94	0.94		0.95	0.86	0.94	0.73	-0.2	-0.4	MC
HLI	0.85	0.93	0.88	0.95		0.82	0.94	0.77	-0.05	-0.29	HLI
DFIN	0.69	0.86	0.88	0.86	0.82		0.83	0.64	-0.28	-0.56	DFIN
SF	0.79	0.91	0.89	0.94	0.94	0.83		0.86	-0.1	-0.29	SF
OPY	0.58	0.62	0.62	0.73	0.77	0.64	0.86		-0.13	0.01	OPY
SF-PD	-0.04	-0.05	-0.14	-0.2	-0.05	-0.28	-0.1	-0.13		0.4	SF-PD
SCHW-PD	-0.11	-0.49	-0.62	-0.4	-0.29	-0.56	-0.29	0.01	0.4		SCHW-PD
	PJT	PIPR	EVR	MC	HLI	DFIN	SF	OPY	SF-PD	SCHW-PD

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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

EVR	+ 0.96	PIPR
HLI	+ 0.95	MC
MC	+ 0.94	PIPR
MC	+ 0.94	EVR
SF	+ 0.94	MC
SF	+ 0.94	HLI

High negative correlations

SCHW-PD	- 0.62	EVR
SCHW-PD	- 0.56	DFIN
SCHW-PD	- 0.49	PIPR
SCHW-PD	- 0.4	MC
SCHW-PD	- 0.29	SF
SCHW-PD	- 0.29	HLI

Risk-Adjusted Indicators

There is a big difference between Scully Stock performing well and Scully Royalty 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 Scully Royalty'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
PJT	1.57	(0.10)	0.00	(0.16)	0.00	0.00	3.24	(2.79)	11.57
PIPR	1.59	(0.22)	0.00	(0.25)	0.00	0.00	2.82	(3.91)	9.43
EVR	1.85	(0.43)	0.00	(0.34)	0.00	0.00	2.33	(5.48)	11.75
MC	1.68	(0.19)	0.00	(0.21)	0.00	0.00	2.78	(4.40)	8.78
HLI	1.36	(0.06)	0.00	(0.13)	0.00	0.00	1.98	(3.01)	8.89
DFIN	1.96	(0.32)	0.00	(0.36)	0.00	0.00	2.76	(3.85)	28.47
SF	1.53	(0.08)	0.00	(0.13)	0.00	0.00	2.48	(4.04)	7.51
OPY	1.51	0.03	0.00	(0.05)	0.00	0.00	2.97	(2.92)	10.06
SF-PD	0.85	(0.04)	0.00	(0.16)	0.00	0.00	1.90	(1.49)	5.72
SCHW-PD	0.25	0.02	0.31	0.10	0.21	(0.31)	0.68	(0.45)	2.06

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