Plaza Retail Correlations

PAZRF Stock

USD 2.55 0.02 0.79%

The current 90-days correlation between Plaza Retail REIT and Firm Capital Property is 0.34 (i.e., Weak diversification). The correlation of Plaza Retail 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.

Plaza Retail Correlation With Market

Very good diversification

The correlation between Plaza Retail REIT and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Plaza Retail REIT and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Plaza Pink Sheet

0.82	MULN	Mullen Automotive	Pair Corr
0.83	RNAZ	Transcode Therapeutics Trending	Pair Corr
0.85	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.89	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.64	TRV	The Travelers Companies	Pair Corr
0.86	HPQ	HP Inc	Pair Corr
0.78	JNJ	Johnson Johnson	Pair Corr

Moving against Plaza Pink Sheet

0.88	BA	Boeing	Pair Corr
0.65	AXP	American Express	Pair Corr
0.6	MNPR	Monopar Therapeutics	Pair Corr
0.6	WMT	Walmart Aggressive Push	Pair Corr
0.49	JPM	JPMorgan Chase	Pair Corr
0.46	MMM	3M Company	Pair Corr
0.36	DIS	Walt Disney Earnings Call This Week	Pair Corr

Related Correlations Analysis

	PPRQF	CTRRF	FRMUF	SRRTF	RIOCF	CWYUF	SITC	ROIC	UE	RPT
PPRQF		0.52	0.72	0.54	0.76	0.76	0.78	-0.6	0.68	0.75	PPRQF
CTRRF	0.52		0.38	0.64	0.36	0.62	0.32	-0.1	0.8	0.5	CTRRF
FRMUF	0.72	0.38		0.54	0.91	0.72	0.77	-0.46	0.65	0.58	FRMUF
SRRTF	0.54	0.64	0.54		0.52	0.84	0.41	-0.03	0.79	0.52	SRRTF
RIOCF	0.76	0.36	0.91	0.52		0.81	0.84	-0.6	0.61	0.68	RIOCF
CWYUF	0.76	0.62	0.72	0.84	0.81		0.7	-0.42	0.82	0.72	CWYUF
SITC	0.78	0.32	0.77	0.41	0.84	0.7		-0.74	0.5	0.7	SITC
ROIC	-0.6	-0.1	-0.46	-0.03	-0.6	-0.42	-0.74		-0.18	-0.57	ROIC
UE	0.68	0.8	0.65	0.79	0.61	0.82	0.5	-0.18		0.61	UE
RPT	0.75	0.5	0.58	0.52	0.68	0.72	0.7	-0.57	0.61		RPT
	PPRQF	CTRRF	FRMUF	SRRTF	RIOCF	CWYUF	SITC	ROIC	UE	RPT

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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

RIOCF	+ 0.91	FRMUF
CWYUF	+ 0.84	SRRTF
SITC	+ 0.84	RIOCF
UE	+ 0.82	CWYUF
CWYUF	+ 0.81	RIOCF
UE	+ 0.8	CTRRF

High negative correlations

ROIC	- 0.74	SITC
ROIC	- 0.6	RIOCF
ROIC	- 0.6	PPRQF
RPT	- 0.57	ROIC
ROIC	- 0.46	FRMUF
ROIC	- 0.42	CWYUF

Risk-Adjusted Indicators

There is a big difference between Plaza Pink Sheet performing well and Plaza Retail 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 Plaza Retail'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PPRQF	1.29	(0.23)	0.00	(0.07)	0.00	0.65	(2.40)	34.07
CTRRF	0.83	(0.07)	0.00	(0.87)	0.00	1.79	(1.87)	31.26
FRMUF	0.68	(0.10)	0.00	(0.32)	0.00	1.80	(2.75)	7.68
SRRTF	0.99	(0.09)	0.00	(0.06)	0.00	2.20	(2.04)	7.55
RIOCF	1.03	(0.14)	0.00	(0.46)	0.00	2.21	(1.88)	6.06
CWYUF	0.86	(0.15)	0.00	(0.40)	0.00	1.91	(1.90)	4.78
SITC	1.12	(0.19)	0.00	(2.75)	0.00	2.91	(2.17)	6.86
ROIC	0.40	0.15	0.14	4.14	(0.53)	0.35	(0.32)	9.02
UE	1.04	(0.10)	0.00	5.72	0.00	1.70	(2.36)	6.09
RPT	1.63	(0.09)	0.00	(0.07)	0.00	3.23	(2.69)	10.65

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Our tools can tell you how much better you can do entering a position in Plaza Retail 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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