Armada Hflr Correlations

AHH Stock

USD 9.69 0.11 1.15%

The current 90-days correlation between Armada Hflr Pr and Precinct Properties New is 0.18 (i.e., Average diversification). The correlation of Armada Hflr 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 Hflr Correlation With Market

Modest diversification

The correlation between Armada Hflr Pr and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Armada Hflr Pr and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Armada Hflr Pr. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Armada Stock

0.79	ARE	Alexandria Real Estate	Pair Corr
0.87	BXP	Boston Properties	Pair Corr
0.65	DEI	Douglas Emmett Earnings Call This Week	Pair Corr
0.84	HIW	Highwoods Properties Earnings Call This Week	Pair Corr
0.76	HPP	Hudson Pacific Properties Buyout Trend	Pair Corr
0.82	PDM	Piedmont Office Realty Earnings Call This Week	Pair Corr
0.94	SLG	SL Green Realty	Pair Corr
0.7	O	Realty Income	Pair Corr
0.74	HR	Healthcare Realty Trust	Pair Corr
0.97	KW	Kennedy Wilson Holdings	Pair Corr
0.9	UE	Urban Edge Properties	Pair Corr
0.71	WY	Weyerhaeuser	Pair Corr
0.85	ADC-PA	Agree Realty	Pair Corr
0.71	DOUG	Douglas Elliman	Pair Corr

Moving against Armada Stock

0.62	DX	Dynex Capital	Pair Corr
0.55	SHO	Sunstone Hotel Investors	Pair Corr
0.54	INN	Summit Hotel Properties	Pair Corr
0.31	RLJ	RLJ Lodging Trust	Pair Corr
0.74	MITT-PC	AG Mortgage Investment	Pair Corr
0.68	CDR-PC	Cedar Realty Trust	Pair Corr

Related Correlations Analysis

	MDV-PA	AOTUF	GNL-PB	NXDT-PA	RTLPO	EPRT	BNL	SAFE	CTO	SRC
MDV-PA		0.31	0.24	-0.13	0.0	0.09	0.25	0.34	-0.23	0.0	MDV-PA
AOTUF	0.31		0.37	0.39	0.0	0.24	0.02	0.68	0.33	0.0	AOTUF
GNL-PB	0.24	0.37		0.33	0.0	0.66	0.52	0.54	0.17	0.0	GNL-PB
NXDT-PA	-0.13	0.39	0.33		0.0	0.24	0.03	0.29	0.3	0.0	NXDT-PA
RTLPO	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	RTLPO
EPRT	0.09	0.24	0.66	0.24	0.0		0.58	0.55	0.31	0.0	EPRT
BNL	0.25	0.02	0.52	0.03	0.0	0.58		0.4	0.03	0.0	BNL
SAFE	0.34	0.68	0.54	0.29	0.0	0.55	0.4		0.5	0.0	SAFE
CTO	-0.23	0.33	0.17	0.3	0.0	0.31	0.03	0.5		0.0	CTO
SRC	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SRC
	MDV-PA	AOTUF	GNL-PB	NXDT-PA	RTLPO	EPRT	BNL	SAFE	CTO	SRC

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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

SAFE	+ 0.68	AOTUF
EPRT	+ 0.66	GNL-PB
BNL	+ 0.58	EPRT
SAFE	+ 0.55	EPRT
SAFE	+ 0.54	GNL-PB
BNL	+ 0.52	GNL-PB

High negative correlations

CTO	- 0.23	MDV-PA
NXDT-PA	- 0.13	MDV-PA
SRC	- 0.0	CTO
SRC	- 0.0	SAFE
SRC	- 0.0	BNL
SRC	- 0.0	EPRT

Risk-Adjusted Indicators

There is a big difference between Armada Stock performing well and Armada Hflr 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 Hflr'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
MDV-PA	0.59	(0.02)	0.00	(0.88)	0.00	0.00	1.13	(1.25)	4.38
AOTUF	0.05	(0.04)	0.00	(3.38)	0.00	0.00	0.00	0.00	1.47
GNL-PB	1.01	(0.04)	(0.05)	0.02	1.45	(0.99)	2.30	(2.28)	6.66
NXDT-PA	0.98	0.03	(0.04)	2.89	1.59	(0.87)	1.96	(2.65)	7.04
RTLPO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EPRT	1.12	(0.07)	0.00	(0.12)	0.00	0.00	2.32	(2.27)	6.67
BNL	0.93	(0.20)	0.00	(5.79)	0.00	0.00	1.47	(2.31)	5.21
SAFE	1.66	(0.40)	0.00	(1.27)	0.00	0.00	3.11	(3.99)	9.16
CTO	0.90	(0.01)	(0.04)	0.04	1.70	(0.75)	1.79	(1.73)	7.75
SRC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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