Modiv Correlations

MDV Stock

USD 16.12 0.12 0.74%

The current 90-days correlation between Modiv Inc and NexPoint Strategic Opportunities is 0.27 (i.e., Modest diversification). The correlation of Modiv 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.

Modiv Correlation With Market

Modest diversification

The correlation between Modiv Inc and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Modiv Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Modiv Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Modiv Stock

0.68	JLL	Jones Lang LaSalle	Pair Corr
0.61	VNO-PM	Vornado Realty Trust Potential Growth	Pair Corr
0.65	VNO-PN	Vornado Realty Trust	Pair Corr

Moving against Modiv Stock

0.56	RC	Ready Capital Corp	Pair Corr
0.51	INTG	Intergroup	Pair Corr
0.36	BHM	Bluerock Homes Trust	Pair Corr
0.36	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.34	UK	Ucommune International	Pair Corr
0.33	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.32	XHG	XChange TECINC Symbol Change	Pair Corr
0.32	GIPRW	Generation Income	Pair Corr
0.32	PW	Power REIT	Pair Corr
0.31	AHT-PG	Ashford Hospitality Trust Downward Rally	Pair Corr
0.41	VTMX	Corporacin Inmobiliaria	Pair Corr

Related Correlations Analysis

	SQFT	MDRR	RTLPO	GOOD	GOODN	NXDT	CTO	BNL	AHH-PA
SQFT		-0.13	-0.37	0.04	-0.06	0.54	0.14	0.5	0.35	SQFT
MDRR	-0.13		0.13	-0.19	-0.18	-0.03	-0.18	-0.21	-0.47	MDRR
RTLPO	-0.37	0.13		0.48	0.71	-0.57	0.5	-0.83	-0.19	RTLPO
GOOD	0.04	-0.19	0.48		0.71	0.08	0.74	-0.26	0.45	GOOD
GOODN	-0.06	-0.18	0.71	0.71		-0.44	0.68	-0.46	0.27	GOODN
NXDT	0.54	-0.03	-0.57	0.08	-0.44		-0.04	0.62	0.27	NXDT
CTO	0.14	-0.18	0.5	0.74	0.68	-0.04		-0.28	0.18	CTO
BNL	0.5	-0.21	-0.83	-0.26	-0.46	0.62	-0.28		0.44	BNL
AHH-PA	0.35	-0.47	-0.19	0.45	0.27	0.27	0.18	0.44		AHH-PA
	SQFT	MDRR	RTLPO	GOOD	GOODN	NXDT	CTO	BNL	AHH-PA

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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

CTO	+ 0.74	GOOD
GOODN	+ 0.71	RTLPO
GOODN	+ 0.71	GOOD
CTO	+ 0.68	GOODN
BNL	+ 0.62	NXDT
NXDT	+ 0.54	SQFT

High negative correlations

BNL	- 0.83	RTLPO
NXDT	- 0.57	RTLPO
AHH-PA	- 0.47	MDRR
BNL	- 0.46	GOODN
NXDT	- 0.44	GOODN
RTLPO	- 0.37	SQFT

Risk-Adjusted Indicators

There is a big difference between Modiv Stock performing well and Modiv 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 Modiv'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
SQFT	3.58	(0.17)	0.00	(0.04)	0.00	0.00	7.69	(6.94)	19.13
MDRR	1.34	0.02	(0.03)	(0.22)	1.69	(1.67)	3.85	(3.68)	9.59
RTLPO	0.85	0.09	0.00	(0.84)	0.92	(1.03)	1.82	(1.40)	6.34
GOOD	0.89	0.22	0.18	0.62	0.61	(1.11)	1.94	(1.58)	8.00
GOODN	0.51	0.07	(0.01)	0.50	0.41	(0.60)	1.42	(0.75)	3.94
NXDT	1.76	(0.08)	(0.03)	0.01	1.98	(2.18)	4.22	(3.64)	11.44
CTO	1.19	0.06	0.00	0.34	2.20	(1.24)	2.27	(1.54)	19.07
BNL	0.78	(0.07)	0.00	(0.09)	0.00	0.00	1.61	(1.71)	5.03
AHH-PA	0.67	0.03	(0.05)	0.27	0.71	(0.76)	1.57	(1.23)	5.47

Modiv Corporate Management

William Broms	Chief Officer	Profile
Sandra Sciutto	Senior Officer	Profile
Pierre Bradshaw	VP Marketing	Profile
John Raney	Chief Counsel	Profile
Raymond Pacini	CFO, VP	Profile
David Collins	Head Management	Profile

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