Vicinity Centres Correlations
| C98 Stock | EUR 1.29 0.03 2.38% |
The current 90-days correlation between Vicinity Centres and REINET INVESTMENTS SCA is 0.03 (i.e., Significant diversification). The correlation of Vicinity Centres 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.
Vicinity Centres Correlation With Market
Average diversification
The correlation between Vicinity Centres and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vicinity Centres and DJI in the same portfolio, assuming nothing else is changed.
Vicinity |
The ability to find closely correlated positions to Vicinity Centres could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vicinity Centres 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 Vicinity Centres - 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 Vicinity Centres to buy it.
Moving together with Vicinity Stock
| 0.78 | PQ9 | BANK MANDIRI | PairCorr |
| 0.79 | PQ9 | BANK MANDIRI | PairCorr |
| 0.77 | BYRA | BANK RAKYAT IND | PairCorr |
| 0.63 | BYRA | PT Bank Rakyat | PairCorr |
| 0.76 | BYRA | BANK RAKYAT IND | PairCorr |
| 0.73 | BYRA | PT Bank Rakyat | PairCorr |
Moving against Vicinity Stock
| 0.55 | KIC | Kimco Realty | PairCorr |
| 0.54 | SQI | Simon Property Group | PairCorr |
| 0.52 | BXR | Brixmor Property | PairCorr |
| 0.52 | EK7 | AGRICUL BK CHINA | PairCorr |
| 0.46 | RRC | Range Resources Corp | PairCorr |
| 0.43 | UN3 | United Natural Foods | PairCorr |
| 0.34 | AGL | AGREE RLTY P | PairCorr |
Related Correlations Analysis
| -0.81 | 0.65 | 0.52 | 0.7 | 0.87 | 12P | ||
| -0.81 | -0.59 | -0.32 | -0.64 | -0.77 | CAC1 | ||
| 0.65 | -0.59 | 0.45 | 0.49 | 0.53 | RNT | ||
| 0.52 | -0.32 | 0.45 | 0.18 | 0.23 | 3YB | ||
| 0.7 | -0.64 | 0.49 | 0.18 | 0.74 | 2XT | ||
| 0.87 | -0.77 | 0.53 | 0.23 | 0.74 | 55O1 | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Vicinity Stock performing well and Vicinity Centres 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 Vicinity Centres' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 12P | 1.03 | 0.06 | 0.02 | 0.20 | 1.19 | 2.80 | 10.56 | |||
| CAC1 | 0.74 | (0.11) | 0.00 | 0.63 | 0.00 | 1.69 | 4.50 | |||
| RNT | 1.87 | 0.20 | 0.02 | (0.99) | 2.39 | 5.69 | 16.70 | |||
| 3YB | 1.74 | 0.13 | 0.02 | 0.47 | 1.89 | 4.35 | 17.99 | |||
| 2XT | 1.67 | 0.12 | 0.08 | 0.21 | 1.69 | 3.49 | 12.35 | |||
| 55O1 | 0.72 | 0.10 | 0.03 | 0.37 | 0.63 | 1.84 | 4.25 |
Be your own money manager
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