TPG RE Correlations
| TRTX-PC Preferred Stock | 18.09 0.06 0.33% |
The current 90-days correlation between TPG RE Finance and KKR Real Estate is -0.06 (i.e., Good diversification). The correlation of TPG RE 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.
TPG RE Correlation With Market
Significant diversification
The correlation between TPG RE Finance and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TPG RE Finance and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to TPG RE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TPG RE 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 TPG RE - 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 TPG RE Finance to buy it.
Moving against TPG Preferred Stock
| 0.43 | GPMT-PA | Granite Point Mortgage | PairCorr |
| 0.42 | MITT-PA | AG Mortgage Investment | PairCorr |
| 0.39 | MITT-PB | AG Mortgage Investment | PairCorr |
| 0.38 | FBRT | Franklin BSP Realty Potential Growth | PairCorr |
| 0.37 | RPT | Rithm Property Trust Symbol Change | PairCorr |
| 0.36 | DX | Dynex Capital | PairCorr |
| 0.34 | LFT | Lument Finance Trust | PairCorr |
| 0.33 | NREF-PA | NexPoint Real Estate | PairCorr |
| 0.32 | MITT-PC | AG Mortgage Investment | PairCorr |
| 0.32 | NLY-PG | Annaly Capital Management | PairCorr |
| 0.32 | IVR-PC | Invesco Mortgage Capital | PairCorr |
| 0.31 | ACR | Acres Commercial Realty | PairCorr |
| 0.31 | PMT | PennyMac Mortgage | PairCorr |
| 0.47 | CHMI-PB | Cherry Hill Mortgage | PairCorr |
| 0.43 | TWO-PA | Two Harbors Investment | PairCorr |
| 0.42 | RITM-PB | Rithm Capital Corp | PairCorr |
| 0.41 | MFA-PC | MFA Financial | PairCorr |
| 0.4 | AGNCP | AGNC Investment Corp | PairCorr |
| 0.39 | AGNCL | AGNC Investment Corp | PairCorr |
| 0.37 | LADR | Ladder Capital Corp | PairCorr |
| 0.37 | RITM-PD | Rithm Capital Corp | PairCorr |
| 0.36 | RITM-PC | Rithm Capital Corp | PairCorr |
| 0.36 | NYMTM | New York Mortgage | PairCorr |
| 0.36 | TWO-PC | Two Harbors Investment | PairCorr |
| 0.36 | AGNCM | AGNC Investment Corp | PairCorr |
| 0.35 | RITM-PA | Rithm Capital Corp | PairCorr |
| 0.34 | NYMTN | New York Mortgage | PairCorr |
Related Correlations Analysis
| -0.74 | 0.69 | 0.16 | -0.31 | KREF-PA | ||
| -0.74 | -0.59 | -0.02 | 0.57 | RC-PE | ||
| 0.69 | -0.59 | -0.05 | -0.45 | PMT-PC | ||
| 0.16 | -0.02 | -0.05 | 0.33 | ACR-PD | ||
| -0.31 | 0.57 | -0.45 | 0.33 | ABR-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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between TPG Preferred Stock performing well and TPG RE 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 TPG RE'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KREF-PA | 0.79 | 0.04 | 0.07 | 0.04 | 1.06 | 1.70 | 5.17 | |||
| RC-PE | 0.53 | (0.14) | 0.00 | (0.60) | 0.00 | 0.88 | 4.00 | |||
| PMT-PC | 0.57 | 0.03 | 0.12 | 0.15 | 0.68 | 1.20 | 3.56 | |||
| ACR-PD | 0.62 | (0.02) | 0.06 | 0.04 | 0.93 | 1.59 | 5.68 | |||
| ABR-PD | 0.53 | (0.05) | 0.00 | (0.23) | 0.00 | 1.18 | 4.36 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in TPG RE 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.Did you try this?
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TPG RE Corporate Management
| Doug Bouquard | CEO Director | Profile | |
| Robert CPA | Chief Officer | Profile | |
| Deborah Ginsberg | Gen VP | Profile | |
| Brandon Fox | Chief Officer | Profile | |
| Evelyn Infurna | Investor Relations | Profile | |
| Matthew Esq | President | Profile | |
| Peter Smith | Chief VP | Profile |