Hedge Realty Correlations

HRDF11 Fund

BRL 3.47 0.00 0.00%

The current 90-days correlation between Hedge Realty Development and Kinea Hedge Fund is 0.09 (i.e., Significant diversification). The correlation of Hedge 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.

Hedge Realty Correlation With Market

Very good diversification

The correlation between Hedge Realty Development and DJI is -0.39 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hedge Realty Development and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Hedge Realty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hedge Realty 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 Hedge Realty - 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 Hedge Realty Development to buy it.

Moving against Hedge Fund

0.54	OGIN11	RAMA FIC DE	Pair Corr
0.44	KNCA11	KINEA CRDITO AGRO	Pair Corr
0.43	PSEC11	Patria Securities Fundo	Pair Corr
0.43	SNEL11	Fundo De Investimento	Pair Corr
0.42	SPXS11	FUNDO DE INVESTIMENTO	Pair Corr
0.4	WHGR11	WHG REAL ESTATE	Pair Corr
0.4	NCRI11	NAVI CRDITO IMOBILIRIO	Pair Corr
0.38	IAGR11	SFI INVESTIMENTOS	Pair Corr
0.38	VTPL11	Fundo De Investimento	Pair Corr
0.37	HGPO11	Cshg Jhsf Prime	Pair Corr
0.37	BTHF11	Btg Pactual Real	Pair Corr
0.37	VERE11	FDO INV IMOB	Pair Corr
0.36	ISTT11	Itau Isento Setembro	Pair Corr
0.36	KNHF11	Kinea Hedge Fund	Pair Corr
0.35	KORE11	Kinea Oportunidades Real	Pair Corr
0.34	RINV11	REAL INVESTOR FUNDO	Pair Corr
0.33	BTWR11	Btowers Fundo Invest	Pair Corr
0.33	BIME11	Brio Multiestrategi Fundo	Pair Corr
0.33	RPRI11	RBR PREMIUM RECEBVEIS	Pair Corr
0.32	PMLL11	Patria Malls Fundo	Pair Corr
0.31	OIAG11	Ourinvest Innovation	Pair Corr

Related Correlations Analysis

	VTPL11	VIUR11	RINV11	HGPO11	KNCA11	SNEL11	BTWR11	OIAG11	HGAG11	KNHF11
VTPL11		0.45	0.94	0.84	0.9	0.8	0.87	0.78	0.03	0.92	VTPL11
VIUR11	0.45		0.5	0.41	0.4	0.45	0.55	0.34	0.47	0.47	VIUR11
RINV11	0.94	0.5		0.91	0.95	0.82	0.93	0.86	0.01	0.98	RINV11
HGPO11	0.84	0.41	0.91		0.89	0.69	0.87	0.92	-0.11	0.91	HGPO11
KNCA11	0.9	0.4	0.95	0.89		0.86	0.89	0.8	0.04	0.96	KNCA11
SNEL11	0.8	0.45	0.82	0.69	0.86		0.87	0.65	0.24	0.85	SNEL11
BTWR11	0.87	0.55	0.93	0.87	0.89	0.87		0.88	0.11	0.95	BTWR11
OIAG11	0.78	0.34	0.86	0.92	0.8	0.65	0.88		-0.25	0.87	OIAG11
HGAG11	0.03	0.47	0.01	-0.11	0.04	0.24	0.11	-0.25		0.01	HGAG11
KNHF11	0.92	0.47	0.98	0.91	0.96	0.85	0.95	0.87	0.01		KNHF11
	VTPL11	VIUR11	RINV11	HGPO11	KNCA11	SNEL11	BTWR11	OIAG11	HGAG11	KNHF11

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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

KNHF11	+ 0.98	RINV11
KNHF11	+ 0.96	KNCA11
KNCA11	+ 0.95	RINV11
KNHF11	+ 0.95	BTWR11
RINV11	+ 0.94	VTPL11
BTWR11	+ 0.93	RINV11

High negative correlations

HGAG11	- 0.25	OIAG11
HGAG11	- 0.11	HGPO11

Risk-Adjusted Indicators

There is a big difference between Hedge Fund performing well and Hedge Realty Fund 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 Hedge 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
VTPL11	0.06	0.02	0.00	(11.83)	0.00	0.00	0.00	0.00	1.15
VIUR11	0.97	0.14	0.04	16.55	1.11	(1.33)	3.25	(2.51)	8.36
RINV11	0.52	0.15	0.11	1.25	0.38	(0.63)	1.48	(1.14)	3.47
HGPO11	0.47	0.10	0.02	(0.66)	0.46	(0.50)	1.12	(0.79)	4.22
KNCA11	0.45	0.11	0.03	(1.06)	0.43	(0.47)	1.19	(0.91)	2.77
SNEL11	0.40	0.06	(0.03)	0.82	0.50	(0.47)	1.09	(0.59)	3.85
BTWR11	0.06	0.02	0.00	0.67	0.00	0.00	0.00	0.00	0.90
OIAG11	0.82	0.27	0.19	0.79	0.72	(1.04)	1.76	(1.58)	10.04
HGAG11	3.26	0.43	0.05	0.60	4.25	(11.19)	7.95	(5.26)	64.90
KNHF11	0.40	0.16	0.16	(4.47)	0.00	(0.50)	1.01	(0.53)	3.03

Be your own money manager

Our tools can tell you how much better you can do entering a position in Hedge Realty without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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