Vornado Realty Correlations
| VNO-P-M Preferred Stock | 17.02 0.08 0.47% |
The current 90-days correlation between Vornado Realty Trust and United Rentals is 0.31 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vornado Realty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vornado Realty Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Vornado Realty Correlation With Market
Average diversification
The correlation between Vornado Realty Trust and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vornado Realty Trust and DJI in the same portfolio, assuming nothing else is changed.
Vornado |
The ability to find closely correlated positions to Vornado Realty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vornado Realty 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 Vornado Realty - 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 Vornado Realty Trust to buy it.
Moving together with Vornado Preferred Stock
Moving against Vornado Preferred Stock
| 0.7 | HNDI | Handeni Gold | PairCorr |
| 0.65 | LUNR | Intuitive Machines Trending | PairCorr |
| 0.57 | NVEI | Nuvei Corp | PairCorr |
| 0.56 | ASHXF | Progressive Planet | PairCorr |
| 0.52 | CLBT | Cellebrite DI | PairCorr |
| 0.51 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.5 | KRMD | Repro Med Systems | PairCorr |
| 0.49 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.47 | LGCY | Legacy Education | PairCorr |
| 0.47 | AAPL | Apple Inc Aggressive Push | PairCorr |
| 0.45 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.43 | TWLO | Twilio Inc | PairCorr |
| 0.39 | AMZN | Amazon Inc | PairCorr |
| 0.36 | SFIO | Starfleet Innotech | PairCorr |
| 0.65 | GRRR | Gorilla Technology Trending | PairCorr |
| 0.61 | QNCCF | Quantum eMotion | PairCorr |
| 0.51 | CSUI | Cannabis Suisse Corp | PairCorr |
| 0.49 | PRFX | Painreform | PairCorr |
| 0.48 | LQR | LQR House Common Symbol Change | PairCorr |
| 0.47 | SRAD | Sportradar Group | PairCorr |
| 0.47 | FDUS | Fidus Investment Corp | PairCorr |
| 0.46 | SONY | Sony Group Corp | PairCorr |
| 0.43 | CCRD | CoreCard Corp | PairCorr |
| 0.38 | NTES | NetEase | PairCorr |
| 0.36 | HTLFP | Heartland Financial USA | PairCorr |
Related Correlations Analysis
| 0.27 | -0.41 | 0.16 | 0.36 | 0.36 | URI | ||
| 0.27 | -0.03 | 0.73 | -0.48 | -0.72 | HTZ | ||
| -0.41 | -0.03 | 0.06 | -0.12 | -0.17 | GSL-PB | ||
| 0.16 | 0.73 | 0.06 | -0.25 | -0.5 | CF | ||
| 0.36 | -0.48 | -0.12 | -0.25 | 0.8 | ORGN | ||
| 0.36 | -0.72 | -0.17 | -0.5 | 0.8 | VHI | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Vornado Preferred Stock performing well and Vornado Realty 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 Vornado Realty'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| URI | 1.32 | (0.17) | 0.00 | (0.56) | 0.00 | 2.01 | 15.09 | |||
| HTZ | 3.63 | 0.25 | 0.05 | (2.14) | 4.19 | 8.22 | 21.27 | |||
| GSL-PB | 0.49 | 0.03 | 0.02 | 0.20 | 0.52 | 1.24 | 4.00 | |||
| CF | 1.19 | 0.02 | 0.00 | 0.15 | 1.66 | 2.23 | 6.82 | |||
| ORGN | 2.53 | (0.54) | 0.00 | (0.70) | 0.00 | 4.35 | 26.65 | |||
| VHI | 3.04 | (0.55) | 0.00 | (0.82) | 0.00 | 7.33 | 32.14 |
Vornado Realty Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Vornado Realty preferred stock to make a market-neutral strategy. Peer analysis of Vornado Realty could also be used in its relative valuation, which is a method of valuing Vornado Realty by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |