Mapletree Commercial Correlations

MPCMF Stock

USD 0.91 0.09 9.00%

The current 90-days correlation between Mapletree Commercial and Smart REIT is -0.05 (i.e., Good diversification). The correlation of Mapletree Commercial 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.

Mapletree Commercial Correlation With Market

Good diversification

The correlation between Mapletree Commercial Trust and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mapletree Commercial Trust and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Mapletree Pink Sheet

0.46	UNBLF	WFD Unibail Rodamco	Pair Corr
0.44	AFFL	Affiliated Resources Corp	Pair Corr
0.39	CPAMF	CapitaLand Integrated	Pair Corr
0.35	O	Realty Income	Pair Corr
0.32	LKREF	Link Real Estate	Pair Corr
0.36	WETH	Wetouch Technology Common	Pair Corr

Related Correlations Analysis

	SRRTF	SRG	RPT	CWYUF	RIOCF	PAZRF	PPRQF	FRMUF	BFS	REG
SRRTF		0.36	-0.05	0.2	-0.05	-0.22	-0.2	0.07	0.51	0.46	SRRTF
SRG	0.36		0.45	0.57	0.49	0.22	0.4	-0.14	0.41	-0.12	SRG
RPT	-0.05	0.45		0.68	0.78	0.27	0.63	-0.17	-0.08	-0.15	RPT
CWYUF	0.2	0.57	0.68		0.78	0.49	0.7	-0.13	0.19	-0.3	CWYUF
RIOCF	-0.05	0.49	0.78	0.78		0.69	0.9	0.11	0.04	-0.55	RIOCF
PAZRF	-0.22	0.22	0.27	0.49	0.69		0.83	0.21	0.03	-0.76	PAZRF
PPRQF	-0.2	0.4	0.63	0.7	0.9	0.83		0.07	-0.07	-0.72	PPRQF
FRMUF	0.07	-0.14	-0.17	-0.13	0.11	0.21	0.07		0.09	-0.26	FRMUF
BFS	0.51	0.41	-0.08	0.19	0.04	0.03	-0.07	0.09		0.32	BFS
REG	0.46	-0.12	-0.15	-0.3	-0.55	-0.76	-0.72	-0.26	0.32		REG
	SRRTF	SRG	RPT	CWYUF	RIOCF	PAZRF	PPRQF	FRMUF	BFS	REG

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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

PPRQF	+ 0.9	RIOCF
PPRQF	+ 0.83	PAZRF
RIOCF	+ 0.78	RPT
RIOCF	+ 0.78	CWYUF
PPRQF	+ 0.7	CWYUF
PAZRF	+ 0.69	RIOCF

High negative correlations

REG	- 0.76	PAZRF
REG	- 0.72	PPRQF
REG	- 0.55	RIOCF
REG	- 0.3	CWYUF
REG	- 0.26	FRMUF
PAZRF	- 0.22	SRRTF

Risk-Adjusted Indicators

There is a big difference between Mapletree Pink Sheet performing well and Mapletree Commercial 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 Mapletree Commercial'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
SRRTF	0.91	0.06	(0.02)	0.44	0.98	(1.06)	2.20	(1.95)	6.00
SRG	1.70	(0.12)	0.00	(0.03)	0.00	0.00	3.29	(3.07)	8.03
RPT	1.24	(0.28)	0.00	(0.64)	0.00	0.00	2.59	(2.45)	10.07
CWYUF	1.28	(0.15)	0.00	(0.07)	0.00	0.00	1.96	(1.90)	18.88
RIOCF	1.03	(0.16)	0.00	(2.12)	0.00	0.00	1.94	(1.87)	8.30
PAZRF	0.27	(0.04)	0.00	0.58	0.00	0.00	0.34	(0.72)	7.19
PPRQF	0.61	(0.18)	0.00	(1.51)	0.00	0.00	0.89	(2.39)	9.04
FRMUF	0.57	0.04	(0.03)	0.29	0.65	(1.78)	1.19	(1.65)	13.11
BFS	0.87	(0.03)	(0.06)	0.05	1.01	(0.92)	2.05	(1.43)	4.79
REG	0.71	0.02	(0.08)	0.56	0.87	(0.79)	1.28	(1.68)	3.10

Be your own money manager

Our tools can tell you how much better you can do entering a position in Mapletree Commercial 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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Bee Tan	Chief Officer	Profile
Hui See	Joint Ltd	Profile
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Charissa Wong	Director Ltd	Profile
Mun Chow	CoHead Management	Profile
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