Gladstone Land Correlations
| LANDO Preferred Stock | USD 20.66 0.19 0.91% |
The current 90-days correlation between Gladstone Land Corp and Gladstone Land Corp is -0.05 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gladstone Land moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gladstone Land Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Gladstone Land Correlation With Market
Significant diversification
The correlation between Gladstone Land Corp and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gladstone Land Corp and DJI in the same portfolio, assuming nothing else is changed.
Gladstone |
The ability to find closely correlated positions to Gladstone Land could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gladstone Land 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 Gladstone Land - 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 Gladstone Land Corp to buy it.
Moving together with Gladstone Preferred Stock
| 0.83 | EPR-PG | EPR Properties | PairCorr |
| 0.83 | LANDP | Gladstone Land | PairCorr |
| 0.7 | DLR-PK | Digital Realty Trust | PairCorr |
| 0.69 | DLR-PL | Digital Realty Trust | PairCorr |
| 0.79 | DLR-PJ | Digital Realty Trust | PairCorr |
| 0.64 | O | Realty Income | PairCorr |
| 0.79 | HR | Healthcare Realty Trust | PairCorr |
| 0.76 | KW | Kennedy Wilson Holdings | PairCorr |
| 0.72 | UE | Urban Edge Properties | PairCorr |
| 0.64 | WY | Weyerhaeuser | PairCorr |
| 0.8 | ADC-PA | Agree Realty | PairCorr |
| 0.79 | DOUG | Douglas Elliman | PairCorr |
| 0.76 | VICI | VICI Properties | PairCorr |
| 0.62 | MITT-PB | AG Mortgage Investment | PairCorr |
| 0.74 | ELME | Elme Communities | PairCorr |
Moving against Gladstone Preferred Stock
| 0.34 | PW-PA | Power REIT PFD | PairCorr |
| 0.48 | CDR-PC | Cedar Realty Trust | PairCorr |
| 0.36 | MITT-PC | AG Mortgage Investment | PairCorr |
Related Correlations Analysis
| 0.41 | -0.39 | 0.0 | -0.35 | LANDM | ||
| 0.41 | -0.57 | 0.0 | -0.41 | GOODN | ||
| -0.39 | -0.57 | 0.0 | 0.93 | AGNCO | ||
| 0.0 | 0.0 | 0.0 | 0.0 | OXLCM | ||
| -0.35 | -0.41 | 0.93 | 0.0 | AGNCN | ||
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Gladstone Preferred Stock performing well and Gladstone Land 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 Gladstone Land'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LANDM | 0.20 | 0.02 | (0.16) | 0.41 | 0.18 | 0.53 | 1.63 | |||
| GOODN | 0.64 | (0.09) | 0.00 | (0.53) | 0.00 | 1.29 | 4.88 | |||
| AGNCO | 0.20 | 0.03 | (0.19) | 0.85 | 0.00 | 0.47 | 2.31 | |||
| OXLCM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AGNCN | 0.28 | 0.03 | (0.15) | 0.45 | 0.19 | 0.60 | 2.28 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Gladstone Land 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.Did you try this?
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Gladstone Land Corporate Management
| Terry Brubaker | Vice COO | Profile | |
| Jennifer Smith | Chief Officer | Profile | |
| Jay Beckhorn | Treasurer | Profile | |
| CPA Dellafiora | Chief Officer | Profile | |
| Karin McLaughlin | Investor Specialist | Profile | |
| Lewis Parrish | CFO Treasurer | Profile | |
| JD Esq | G Sec | Profile |