Nexpoint Real Correlations

NREF Stock

USD 14.80 0.29 2.00%

The current 90-days correlation between Nexpoint Real Estate and AG Mortgage Investment is 0.49 (i.e., Very weak diversification). The correlation of Nexpoint Real 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.

Nexpoint Real Correlation With Market

Poor diversification

The correlation between Nexpoint Real Estate and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nexpoint Real Estate and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Nexpoint Stock

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

Moving together with Nexpoint Stock

0.68	HHI	Henderson High Income	Pair Corr
0.63	BK	Bank of New York	Pair Corr
0.62	RA	Brookfield Real Assets	Pair Corr
0.72	WT	WisdomTree	Pair Corr
0.7	JLEN	JLEN Environmental Assets	Pair Corr
0.67	MNG	MG Plc	Pair Corr
0.67	VCTR	Victory Capital Holdings	Pair Corr
0.69	MNTN	Schiehallion Fund	Pair Corr

Moving against Nexpoint Stock

0.47	55O1	Apollo Investment Corp	Pair Corr
0.43	NP	Neptune Insurance	Pair Corr
0.42	BX	Blackstone Group	Pair Corr
0.67	MFG	Magellan Financial	Pair Corr
0.48	KUR-H	Kure Technologies	Pair Corr
0.48	M9X	WhiteHorse Finance	Pair Corr
0.45	TIP	Teaminvest Private	Pair Corr

Related Correlations Analysis

	MITT	AOMR	REFI	ACRE	MITN	ACR	WHLR	SRG
MITT		0.62	0.41	-0.06	0.3	-0.16	-0.39	0.2	MITT
AOMR	0.62		0.15	0.37	0.45	-0.29	-0.35	0.11	AOMR
REFI	0.41	0.15		-0.15	-0.39	0.6	0.31	0.52	REFI
ACRE	-0.06	0.37	-0.15		0.38	-0.17	-0.26	-0.39	ACRE
MITN	0.3	0.45	-0.39	0.38		-0.75	-0.87	-0.68	MITN
ACR	-0.16	-0.29	0.6	-0.17	-0.75		0.76	0.42	ACR
WHLR	-0.39	-0.35	0.31	-0.26	-0.87	0.76		0.51	WHLR
SRG	0.2	0.11	0.52	-0.39	-0.68	0.42	0.51		SRG
	MITT	AOMR	REFI	ACRE	MITN	ACR	WHLR	SRG

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

WHLR	+ 0.76	ACR
AOMR	+ 0.62	MITT
ACR	+ 0.6	REFI
SRG	+ 0.52	REFI
SRG	+ 0.51	WHLR
MITN	+ 0.45	AOMR

High negative correlations

WHLR	- 0.87	MITN
ACR	- 0.75	MITN
SRG	- 0.68	MITN
SRG	- 0.39	ACRE
MITN	- 0.39	REFI
WHLR	- 0.39	MITT

Risk-Adjusted Indicators

There is a big difference between Nexpoint Stock performing well and Nexpoint Real 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 Nexpoint Real'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
MITT	1.23	0.02	0.00	0.10	1.48	(1.40)	2.80	(2.72)	7.26
AOMR	0.99	0.04	0.02	0.14	1.22	(1.02)	1.78	(1.70)	6.45
REFI	1.03	(0.03)	(0.04)	0.04	1.36	(1.10)	2.33	(2.12)	7.55
ACRE	1.57	(0.01)	0.00	0.07	1.83	(1.82)	4.16	(2.92)	16.95
MITN	0.20	0.04	(0.15)	1.56	0.00	(0.24)	0.37	(0.40)	1.41
ACR	1.42	(0.21)	0.00	(0.15)	0.00	0.00	2.75	(3.25)	14.09
WHLR	8.97	(1.77)	0.00	(2.34)	0.00	0.00	12.33	(26.05)	125.65
SRG	1.95	(0.31)	0.00	(0.13)	0.00	0.00	4.62	(4.17)	11.04

Nexpoint Real Corporate Management

Paul Richards	Assistant Finance	Profile
David CPA	Assistant Officer	Profile
Matthew Goetz	VP Management	Profile
Dennis Sauter	General Secretary	Profile

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