ORIX JREIT Correlations

O2F Stock

EUR 540.00 80.00 12.90%

The current 90-days correlation between ORIX JREIT INC and COVIVIO HOTELS INH is -0.08 (i.e., Good diversification). The correlation of ORIX JREIT 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.

ORIX JREIT Correlation With Market

Very good diversification

The correlation between ORIX JREIT INC and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ORIX JREIT INC and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against ORIX Stock

0.52	DJDA	DIeteren Group SA	Pair Corr
0.38	SHF	SNP Schneider Neurei	Pair Corr
0.34	GG7	GRIFFIN MINING LTD	Pair Corr
0.33	SEBA	S E BANKEN	Pair Corr
0.48	YX5	SPADEL SA PS	Pair Corr
0.35	66T	Scatec Solar OL	Pair Corr
0.33	2CDA	Controladora Vuela Compaa	Pair Corr
0.32	C43	Cosmo Pharmaceuticals	Pair Corr

Related Correlations Analysis

	9FM	3GH	0XHR	IC1H	EM7A	9TG	A2P
9FM		-0.42	-0.52	-0.45	0.26	-0.19	-0.43	9FM
3GH	-0.42		0.61	0.31	0.24	0.78	0.72	3GH
0XHR	-0.52	0.61		0.69	0.16	0.53	0.64	0XHR
IC1H	-0.45	0.31	0.69		0.1	0.16	0.41	IC1H
EM7A	0.26	0.24	0.16	0.1		0.42	0.15	EM7A
9TG	-0.19	0.78	0.53	0.16	0.42		0.73	9TG
A2P	-0.43	0.72	0.64	0.41	0.15	0.73		A2P
	9FM	3GH	0XHR	IC1H	EM7A	9TG	A2P

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

9TG	+ 0.78	3GH
A2P	+ 0.73	9TG
A2P	+ 0.72	3GH
IC1H	+ 0.69	0XHR
A2P	+ 0.64	0XHR
0XHR	+ 0.61	3GH

High negative correlations

0XHR	- 0.52	9FM
IC1H	- 0.45	9FM
A2P	- 0.43	9FM
3GH	- 0.42	9FM
9TG	- 0.19	9FM

Risk-Adjusted Indicators

There is a big difference between ORIX Stock performing well and ORIX JREIT 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 ORIX JREIT'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
9FM	0.62	(0.10)	0.00	(0.82)	0.00	0.00	1.75	(1.32)	5.70
3GH	1.45	0.25	0.12	1.66	1.29	(1.81)	3.25	(2.16)	11.62
0XHR	1.61	0.18	0.08	0.31	1.48	(2.31)	4.00	(2.94)	7.89
IC1H	1.26	0.10	0.00	(0.43)	1.26	(1.76)	2.61	(2.52)	7.75
EM7A	2.20	0.06	0.01	0.15	2.67	(5.72)	4.55	(4.35)	24.04
9TG	1.19	0.21	0.09	1.48	1.37	(1.31)	2.55	(2.43)	7.23
A2P	1.99	0.34	0.08	(154.98)	2.71	(2.20)	6.06	(5.74)	23.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in ORIX JREIT 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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