Generation Income Correlations

GIPRW Stock

USD 0.20 0.05 33.33%

The current 90-days correlation between Generation Income and Medalist Diversified Reit is 0.05 (i.e., Significant diversification). The correlation of Generation Income 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.

Generation Income Correlation With Market

Good diversification

The correlation between Generation Income Properties and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Generation Income Properties and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving against Generation Stock

0.5	CBL	CBL Associates Properties	Pair Corr
0.46	UE	Urban Edge Properties	Pair Corr
0.49	WELL	Welltower	Pair Corr
0.45	AAT	American Assets Trust	Pair Corr
0.42	MITT-PC	AG Mortgage Investment	Pair Corr
0.35	EQIX	Equinix	Pair Corr
0.33	AHR	American Healthcare REIT,	Pair Corr
0.32	FBRT	Franklin BSP Realty	Pair Corr

Related Correlations Analysis

	ICMB	MDRR	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	SITKF	RWAYL
ICMB		0.14	0.0	0.2	-0.06	0.18	0.23	0.29	0.08	-0.01	ICMB
MDRR	0.14		0.0	-0.43	-0.28	0.34	-0.33	0.16	-0.45	-0.19	MDRR
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	0.2	-0.43	0.0		0.69	-0.11	0.87	-0.02	0.79	0.55	MSTSX
LBHIX	-0.06	-0.28	0.0	0.69		0.15	0.72	0.26	0.5	0.75	LBHIX
VIASP	0.18	0.34	0.0	-0.11	0.15		0.0	0.78	-0.13	0.54	VIASP
RRTLX	0.23	-0.33	0.0	0.87	0.72	0.0		0.05	0.51	0.49	RRTLX
OSHDF	0.29	0.16	0.0	-0.02	0.26	0.78	0.05		-0.08	0.62	OSHDF
SITKF	0.08	-0.45	0.0	0.79	0.5	-0.13	0.51	-0.08		0.55	SITKF
RWAYL	-0.01	-0.19	0.0	0.55	0.75	0.54	0.49	0.62	0.55		RWAYL
	ICMB	MDRR	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	SITKF	RWAYL

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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

RRTLX	+ 0.87	MSTSX
SITKF	+ 0.79	MSTSX
OSHDF	+ 0.78	VIASP
RWAYL	+ 0.75	LBHIX
RRTLX	+ 0.72	LBHIX
LBHIX	+ 0.69	MSTSX

High negative correlations

SITKF	- 0.45	MDRR
MSTSX	- 0.43	MDRR
RRTLX	- 0.33	MDRR
LBHIX	- 0.28	MDRR
RWAYL	- 0.19	MDRR
SITKF	- 0.13	VIASP

Risk-Adjusted Indicators

There is a big difference between Generation Stock performing well and Generation Income 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 Generation Income'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
ICMB	1.01	(0.02)	(0.09)	(0.02)	1.16	(1.34)	3.07	(2.19)	8.23
MDRR	1.35	0.02	(0.06)	(0.03)	1.68	(1.72)	3.85	(3.68)	9.59
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.48	(0.04)	(0.13)	0.06	0.50	(0.59)	1.21	(1.02)	2.80
LBHIX	0.11	0.01	(0.41)	0.46	0.00	(0.29)	0.24	(0.24)	0.96
VIASP	0.72	0.00	(0.02)	0.00	1.05	(0.80)	2.28	(1.15)	7.18
RRTLX	0.24	(0.02)	(0.31)	0.05	0.24	(0.27)	0.56	(0.56)	1.37
OSHDF	39.65	20.22	0.00	(24.88)	0.00	0.00	0.00	0.00	1,329
SITKF	5.58	1.06	0.14	3.03	5.02	(8.21)	14.29	(9.09)	32.64
RWAYL	0.13	0.03	(0.46)	2.12	0.00	(0.18)	0.32	(0.20)	1.21

Generation Income Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Generation Income stock to make a market-neutral strategy. Peer analysis of Generation Income could also be used in its relative valuation, which is a method of valuing Generation Income by comparing valuation metrics with similar companies.

Investcorp Credit Management Medalist Diversified Reit Aquagold International Morningstar Unconstrained Allocation Thrivent High Yield Via Renewables T Rowe Price Oshidori International Holdings Sitka Gold Corp MSCI ACWI exAUCONSUMER American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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