ARMADA HOFFLER Correlations

791 Stock  EUR 10.30  0.10  0.96%   
The current 90-days correlation between ARMADA HOFFLER PR and LondonMetric Property Plc is 0.04 (i.e., Significant diversification). The correlation of ARMADA HOFFLER 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.

ARMADA HOFFLER Correlation With Market

Significant diversification

The correlation between ARMADA HOFFLER PR 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 ARMADA HOFFLER PR and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to ARMADA HOFFLER could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ARMADA HOFFLER 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 ARMADA HOFFLER - 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 ARMADA HOFFLER PR to buy it.

Moving together with ARMADA Stock

  0.62MFZA Mitsubishi UFJ FinancialPairCorr
  0.618II PLAYTIKA HOLDINGPairCorr
  0.617SU Summit MaterialsPairCorr

Moving against ARMADA Stock

  0.65C4X Onxeo SAPairCorr
  0.54N3Y Nine Dragons PaperPairCorr
  0.51BOSS Hugo Boss AGPairCorr
  0.495PP LondonMetric Property PlcPairCorr
  0.45HYU Hyundai MotorPairCorr
  0.44HYU Hyundai MotorPairCorr
  0.44HYU Hyundai MotorPairCorr

Related Correlations Analysis

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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   
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High negative correlations   
7915PP
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L8E791
8L95PP
8L9791

Risk-Adjusted Indicators

There is a big difference between ARMADA Stock performing well and ARMADA HOFFLER 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 ARMADA HOFFLER'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in ARMADA HOFFLER 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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