Maui Land Correlations

MLP Stock

USD 23.75 0.45 1.93%

The current 90-days correlation between Maui Land Pineapple and New England Realty is -0.11 (i.e., Good diversification). The correlation of Maui Land 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.

Maui Land Correlation With Market

Very weak diversification

The correlation between Maui Land Pineapple and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Maui Land Pineapple 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 Maui Land Pineapple. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving against Maui Stock

0.39	JLL	Jones Lang LaSalle	Pair Corr
0.39	ADC-PA	Agree Realty	Pair Corr
0.38	XIN	Xinyuan Real Estate	Pair Corr
0.37	AEI	Alset Ehome International	Pair Corr
0.36	MITT-PA	AG Mortgage Investment	Pair Corr
0.35	CDR-PC	Cedar Realty Trust	Pair Corr
0.33	WETH	Wetouch Technology Common	Pair Corr
0.32	MITT-PB	AG Mortgage Investment	Pair Corr
0.31	ABR	Arbor Realty Trust	Pair Corr

Related Correlations Analysis

	NEN	MMI	MAYS	FSV	FRPH	TCI	HOUS	RMAX	IRS	RMR
NEN		-0.07	-0.19	0.38	0.28	-0.24	-0.54	0.01	0.37	-0.2	NEN
MMI	-0.07		0.3	0.21	0.57	0.02	0.01	0.27	0.39	-0.4	MMI
MAYS	-0.19	0.3		-0.26	-0.12	0.03	0.07	-0.17	-0.01	-0.22	MAYS
FSV	0.38	0.21	-0.26		0.49	-0.63	-0.7	0.3	0.72	-0.3	FSV
FRPH	0.28	0.57	-0.12	0.49		-0.24	-0.33	0.16	0.68	-0.45	FRPH
TCI	-0.24	0.02	0.03	-0.63	-0.24		0.51	-0.15	-0.71	0.32	TCI
HOUS	-0.54	0.01	0.07	-0.7	-0.33	0.51		0.22	-0.66	0.51	HOUS
RMAX	0.01	0.27	-0.17	0.3	0.16	-0.15	0.22		0.03	0.41	RMAX
IRS	0.37	0.39	-0.01	0.72	0.68	-0.71	-0.66	0.03		-0.7	IRS
RMR	-0.2	-0.4	-0.22	-0.3	-0.45	0.32	0.51	0.41	-0.7		RMR
	NEN	MMI	MAYS	FSV	FRPH	TCI	HOUS	RMAX	IRS	RMR

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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

IRS	+ 0.72	FSV
IRS	+ 0.68	FRPH
FRPH	+ 0.57	MMI
HOUS	+ 0.51	TCI
RMR	+ 0.51	HOUS
FRPH	+ 0.49	FSV

High negative correlations

IRS	- 0.71	TCI
RMR	- 0.7	IRS
HOUS	- 0.7	FSV
IRS	- 0.66	HOUS
TCI	- 0.63	FSV
HOUS	- 0.54	NEN

Risk-Adjusted Indicators

There is a big difference between Maui Stock performing well and Maui 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 Maui 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
NEN	1.35	0.26	0.08	(3.41)	1.49	(1.58)	3.70	(3.59)	12.12
MMI	1.38	0.02	0.03	0.10	1.50	(1.51)	4.32	(2.59)	9.67
MAYS	0.88	(0.03)	0.00	(0.10)	0.00	0.00	3.31	(3.62)	11.71
FSV	0.77	0.10	0.04	0.68	0.72	(0.83)	1.47	(1.24)	4.36
FRPH	0.99	0.05	0.04	0.14	1.02	(1.12)	2.19	(1.94)	5.60
TCI	1.28	(0.18)	0.00	(0.08)	0.00	0.00	2.60	(3.18)	9.83
HOUS	2.86	(0.29)	0.00	(0.18)	0.00	0.00	6.89	(5.35)	19.60
RMAX	2.36	(0.01)	(0.01)	0.07	2.64	(2.76)	5.11	(4.18)	24.53
IRS	2.10	0.65	0.29	1.16	1.72	(2.61)	4.84	(3.33)	16.78
RMR	0.92	(0.22)	0.00	(0.13)	0.00	0.00	1.96	(1.85)	10.22

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