Armada Hflr Correlations

AHH Stock

USD 11.07 0.18 1.65%

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

Average diversification

The correlation between Armada Hflr Pr and DJI is 0.19 (i.e., Average 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

0.68	HPP	Hudson Pacific Properties Buyout Trend	Pair Corr
0.71	FR	First Industrial Realty	Pair Corr
0.81	RC	Ready Capital Corp	Pair Corr
0.69	UK	Ucommune International	Pair Corr
0.63	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.66	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.67	AHT-PG	Ashford Hospitality Trust	Pair Corr

Moving against Armada Stock

0.82	SITC	Site Centers Corp	Pair Corr
0.71	SKT	Tanger Factory Outlet	Pair Corr
0.67	AHR	American Healthcare REIT,	Pair Corr
0.58	SPG	Simon Property Group	Pair Corr
0.52	UE	Urban Edge Properties	Pair Corr
0.38	ROIC	Retail Opportunity Sell-off Trend	Pair Corr
0.33	ADC	Agree Realty	Pair Corr
0.33	KIM	Kimco Realty	Pair Corr
0.32	BRX	Brixmor Property	Pair Corr
0.78	CDR-PC	Cedar Realty Trust	Pair Corr
0.73	MITT-PB	AG Mortgage Investment	Pair Corr
0.73	MITT-PC	AG Mortgage Investment	Pair Corr
0.69	MITT-PA	AG Mortgage Investment	Pair Corr
0.68	CDR-PB	Cedar Realty Trust	Pair Corr
0.67	EQIX	Equinix	Pair Corr
0.64	VNO-PO	Vornado Realty Trust	Pair Corr
0.6	VNO-PM	Vornado Realty Trust	Pair Corr
0.58	VNO-PN	Vornado Realty Trust	Pair Corr
0.54	WELL	Welltower	Pair Corr

Related Correlations Analysis

	MDV-PA	AOTUF	GNL-PB	NXDT-PA	RTLPO	EPRT	BNL	SAFE	CTO	SRC
MDV-PA		0.0	0.42	0.87	0.28	0.56	-0.16	-0.5	0.48	0.68	MDV-PA
AOTUF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AOTUF
GNL-PB	0.42	0.0		0.25	-0.46	0.62	0.55	0.4	0.02	-0.02	GNL-PB
NXDT-PA	0.87	0.0	0.25		0.42	0.62	-0.33	-0.55	0.59	0.77	NXDT-PA
RTLPO	0.28	0.0	-0.46	0.42		-0.04	-0.79	-0.83	0.54	0.67	RTLPO
EPRT	0.56	0.0	0.62	0.62	-0.04		0.27	0.1	0.29	0.39	EPRT
BNL	-0.16	0.0	0.55	-0.33	-0.79	0.27		0.87	-0.36	-0.62	BNL
SAFE	-0.5	0.0	0.4	-0.55	-0.83	0.1	0.87		-0.55	-0.73	SAFE
CTO	0.48	0.0	0.02	0.59	0.54	0.29	-0.36	-0.55		0.53	CTO
SRC	0.68	0.0	-0.02	0.77	0.67	0.39	-0.62	-0.73	0.53		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

NXDT-PA	+ 0.87	MDV-PA
SAFE	+ 0.87	BNL
SRC	+ 0.77	NXDT-PA
SRC	+ 0.68	MDV-PA
SRC	+ 0.67	RTLPO
EPRT	+ 0.62	GNL-PB

High negative correlations

SAFE	- 0.83	RTLPO
BNL	- 0.79	RTLPO
SRC	- 0.73	SAFE
SRC	- 0.62	BNL
CTO	- 0.55	SAFE
SAFE	- 0.55	NXDT-PA

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	0.33	0.07	(0.10)	1.66	0.16	(0.45)	1.01	(0.80)	2.63
AOTUF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GNL-PB	0.99	0.06	(0.01)	0.24	1.22	(1.00)	2.40	(2.24)	6.87
NXDT-PA	0.62	0.20	0.11	3.03	0.53	(0.72)	1.53	(1.26)	3.49
RTLPO	0.85	0.08	(0.04)	1.93	0.92	(1.03)	1.82	(1.40)	6.34
EPRT	0.82	0.09	0.00	0.50	0.94	(0.88)	1.67	(1.77)	4.84
BNL	0.78	(0.09)	0.00	(0.11)	0.00	0.00	1.59	(1.71)	5.03
SAFE	1.43	(0.29)	0.00	(0.28)	0.00	0.00	2.70	(3.71)	10.10
CTO	1.16	0.12	0.01	0.63	2.18	(1.22)	2.27	(1.39)	19.07
SRC	0.97	0.20	0.04	(0.62)	0.98	(1.06)	2.34	(1.72)	6.41

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