Clipper Realty Correlations

CLPR Stock

USD 4.08 0.07 1.69%

The current 90-days correlation between Clipper Realty and Nexpoint Residential Trust is 0.34 (i.e., Weak diversification). The correlation of Clipper Realty 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Clipper Realty Correlation With Market

Significant diversification

The correlation between Clipper Realty and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clipper Realty 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 Clipper Realty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

To learn how to invest in Clipper Stock, please use our How to Invest in Clipper Realty guide.

Moving together with Clipper Stock

0.68	CCI	Crown Castle	Pair Corr
0.66	SBAC	SBA Communications Corp	Pair Corr
0.65	KW	Kennedy Wilson Holdings	Pair Corr
0.64	UE	Urban Edge Properties	Pair Corr
0.66	ADC-PA	Agree Realty	Pair Corr

Moving against Clipper Stock

0.69	DX	Dynex Capital	Pair Corr
0.77	MITT-PC	AG Mortgage Investment	Pair Corr
0.76	CDR-PC	Cedar Realty Trust	Pair Corr
0.43	EARN	Ellington Residential	Pair Corr

Related Correlations Analysis

	NXRT	AIRC	CSR	UDR	BRT	ELME	ELS	AIV	IRT
NXRT		0.04	0.92	0.97	0.78	0.73	0.8	-0.47	0.98	NXRT
AIRC	0.04		-0.22	0.04	0.55	-0.5	-0.21	0.3	0.17	AIRC
CSR	0.92	-0.22		0.89	0.58	0.85	0.91	-0.53	0.85	CSR
UDR	0.97	0.04	0.89		0.75	0.7	0.77	-0.45	0.96	UDR
BRT	0.78	0.55	0.58	0.75		0.24	0.49	-0.1	0.85	BRT
ELME	0.73	-0.5	0.85	0.7	0.24		0.81	-0.4	0.61	ELME
ELS	0.8	-0.21	0.91	0.77	0.49	0.81		-0.34	0.73	ELS
AIV	-0.47	0.3	-0.53	-0.45	-0.1	-0.4	-0.34		-0.41	AIV
IRT	0.98	0.17	0.85	0.96	0.85	0.61	0.73	-0.41		IRT
	NXRT	AIRC	CSR	UDR	BRT	ELME	ELS	AIV	IRT

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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

IRT	+ 0.98	NXRT
UDR	+ 0.97	NXRT
IRT	+ 0.96	UDR
CSR	+ 0.92	NXRT
ELS	+ 0.91	CSR
UDR	+ 0.89	CSR

High negative correlations

AIV	- 0.53	CSR
ELME	- 0.5	AIRC
AIV	- 0.47	NXRT
AIV	- 0.45	UDR
IRT	- 0.41	AIV
AIV	- 0.4	ELME

Risk-Adjusted Indicators

There is a big difference between Clipper Stock performing well and Clipper Realty 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 Clipper Realty'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
NXRT	1.36	(0.16)	0.00	(0.16)	0.00	0.00	2.25	(2.44)	8.52
AIRC	0.76	0.33	0.50	1.42	0.00	(0.82)	0.31	(0.39)	22.81
CSR	1.17	(0.24)	0.00	(0.34)	0.00	0.00	2.23	(2.63)	8.09
UDR	1.06	(0.10)	0.00	(0.12)	0.00	0.00	2.22	(2.11)	6.42
BRT	1.40	0.04	0.00	0.18	1.47	(1.62)	2.71	(2.35)	12.15
ELME	1.14	(0.18)	0.00	(0.27)	0.00	0.00	2.29	(2.50)	5.92
ELS	0.99	(0.10)	0.00	(0.29)	0.00	0.00	1.71	(2.37)	7.02
AIV	1.20	0.16	0.07	1.87	1.26	(1.42)	3.07	(2.07)	11.40
IRT	1.12	(0.08)	0.00	(0.04)	0.00	0.00	1.82	(2.83)	7.79

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