Transcontinental Correlations

TCI Stock

USD 28.68 0.20 0.69%

The current 90-days correlation between Transcontinental Realty and Re Max Holding is 0.16 (i.e., Average diversification). The correlation of Transcontinental 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.

Transcontinental Correlation With Market

Good diversification

The correlation between Transcontinental Realty Invest and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transcontinental Realty Invest 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 Transcontinental Realty Investors. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Transcontinental Stock

0.69

Ready Capital Corp

Pair Corr

Moving against Transcontinental Stock

0.51	VNO-PL	Vornado Realty Trust	Pair Corr
0.45	UE	Urban Edge Properties	Pair Corr
0.69	VNO-PN	Vornado Realty Trust	Pair Corr
0.68	VNO-PM	Vornado Realty Trust	Pair Corr
0.63	VNO-PO	Vornado Realty Trust	Pair Corr
0.62	MITT-PC	AG Mortgage Investment	Pair Corr
0.59	NREF-PA	NexPoint Real Estate	Pair Corr
0.58	BFS-PD	Saul Centers	Pair Corr
0.55	MITT-PB	AG Mortgage Investment	Pair Corr
0.53	BFS-PE	Saul Centers	Pair Corr
0.52	WELL	Welltower	Pair Corr

Related Correlations Analysis

	RMAX	MLP	RDFN	REAX
RMAX		-0.09	0.47	0.12	RMAX
MLP	-0.09		0.04	0.39	MLP
RDFN	0.47	0.04		0.34	RDFN
REAX	0.12	0.39	0.34		REAX
	RMAX	MLP	RDFN	REAX

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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

RDFN	+ 0.47	RMAX
REAX	+ 0.39	MLP
REAX	+ 0.34	RDFN
REAX	+ 0.12	RMAX
RDFN	+ 0.04	MLP

High negative correlations

MLP

- 0.09

RMAX

Risk-Adjusted Indicators

There is a big difference between Transcontinental Stock performing well and Transcontinental 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 Transcontinental'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
RMAX	2.56	0.09	0.04	0.20	2.55	(3.15)	5.18	(4.18)	24.53
MLP	2.13	0.11	(0.01)	(0.28)	2.92	(2.22)	4.26	(5.00)	20.43
RDFN	4.04	(0.29)	0.00	(0.04)	0.00	0.00	6.70	(7.86)	41.27
REAX	2.54	(0.47)	0.00	(0.13)	0.00	0.00	5.07	(5.26)	18.77

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