Bluerock Homes Correlations

BHM Stock

USD 11.38 0.12 1.04%

The current 90-days correlation between Bluerock Homes Trust and BRT Realty Trust is -0.11 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bluerock Homes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bluerock Homes Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Bluerock Homes Correlation With Market

Very good diversification

The correlation between Bluerock Homes Trust and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bluerock Homes Trust 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 Bluerock Homes Trust. 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 Bluerock Stock

0.81	KW	Kennedy Wilson Holdings	Pair Corr
0.71	EXPI	eXp World Holdings	Pair Corr
0.66	MLP	Maui Land Pineapple	Pair Corr
0.67	VRE	Veris Residential	Pair Corr
0.64	OPAD	Offerpad Solutions	Pair Corr
0.66	OPEN	Opendoor Technologies	Pair Corr
0.68	RMAX	Re Max Holding	Pair Corr
0.73	BEKE	Ke Holdings	Pair Corr
0.66	DBRG	Digitalbridge Group	Pair Corr
0.62	HR	Healthcare Realty Trust	Pair Corr
0.77	UE	Urban Edge Properties	Pair Corr
0.71	ADC-PA	Agree Realty	Pair Corr

Moving against Bluerock Stock

0.78	DX	Dynex Capital	Pair Corr
0.33	CBRE	CBRE Group Class	Pair Corr
0.75	MITT-PC	AG Mortgage Investment	Pair Corr
0.71	CDR-PC	Cedar Realty Trust	Pair Corr
0.39	AHT-PD	Ashford Hospitality Trust	Pair Corr

Related Correlations Analysis

	NXRT	CLPR	CSR	ELS	IRT	BRT	ELME	VRE	AIRC
NXRT		0.46	0.92	0.78	0.97	0.77	0.71	0.95	0.05	NXRT
CLPR	0.46		0.63	0.49	0.33	-0.08	0.73	0.43	-0.61	CLPR
CSR	0.92	0.63		0.87	0.84	0.56	0.84	0.94	-0.22	CSR
ELS	0.78	0.49	0.87		0.7	0.46	0.81	0.84	-0.23	ELS
IRT	0.97	0.33	0.84	0.7		0.85	0.57	0.92	0.19	IRT
BRT	0.77	-0.08	0.56	0.46	0.85		0.19	0.76	0.59	BRT
ELME	0.71	0.73	0.84	0.81	0.57	0.19		0.7	-0.49	ELME
VRE	0.95	0.43	0.94	0.84	0.92	0.76	0.7		0.06	VRE
AIRC	0.05	-0.61	-0.22	-0.23	0.19	0.59	-0.49	0.06		AIRC
	NXRT	CLPR	CSR	ELS	IRT	BRT	ELME	VRE	AIRC

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

IRT	+ 0.97	NXRT
VRE	+ 0.95	NXRT
VRE	+ 0.94	CSR
CSR	+ 0.92	NXRT
VRE	+ 0.92	IRT
ELS	+ 0.87	CSR

High negative correlations

AIRC	- 0.61	CLPR
AIRC	- 0.49	ELME
AIRC	- 0.23	ELS
AIRC	- 0.22	CSR
BRT	- 0.08	CLPR

Risk-Adjusted Indicators

There is a big difference between Bluerock Stock performing well and Bluerock Homes 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 Bluerock Homes' 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
NXRT	1.39	(0.20)	0.00	(0.19)	0.00	0.00	2.25	(2.44)	8.52
CLPR	3.44	(0.56)	0.00	(1.96)	0.00	0.00	6.43	(6.62)	50.04
CSR	1.18	(0.26)	0.00	(0.35)	0.00	0.00	2.23	(2.63)	8.09
ELS	1.01	(0.11)	0.00	2.18	0.00	0.00	1.71	(2.37)	7.02
IRT	1.12	(0.12)	0.00	(0.07)	0.00	0.00	1.82	(2.83)	7.79
BRT	1.41	0.03	(0.02)	0.19	1.48	(1.62)	2.71	(2.35)	12.15
ELME	1.14	(0.24)	0.00	(1.08)	0.00	0.00	2.19	(2.50)	5.92
VRE	1.15	(0.15)	0.00	(0.27)	0.00	0.00	2.48	(2.60)	8.04
AIRC	0.76	0.36	0.47	(3.74)	0.00	(0.82)	0.31	(0.39)	22.81

Bluerock Homes Corporate Management

James III	LLC Mang	Profile
Michael DiFranco	Executive Operations	Profile
Steven Siptrott	LLC Manager	Profile
Ryan MacDonald	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC