Reitir Fasteignaflag Correlations
| REITIR Stock | ISK 106.00 1.00 0.95% |
The current 90-days correlation between Reitir fasteignaflag and Kvika banki hf is 0.32 (i.e., Weak diversification). The correlation of Reitir Fasteignaflag 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.
Reitir Fasteignaflag Correlation With Market
Very good diversification
The correlation between Reitir fasteignaflag hf and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Reitir fasteignaflag hf and DJI in the same portfolio, assuming nothing else is changed.
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Risk-Adjusted Indicators
There is a big difference between Reitir Stock performing well and Reitir Fasteignaflag 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 Reitir Fasteignaflag'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.Be your own money manager
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