Rafael Holdings Correlations

RFL Stock

USD 2.08 0.03 1.46%

The current 90-days correlation between Rafael Holdings Class and Fangdd Network Group is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Rafael Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rafael Holdings Class moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Rafael Holdings Correlation With Market

Average diversification

The correlation between Rafael Holdings Class and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rafael Holdings Class and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rafael Holdings Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Rafael Stock

0.61	DX	Dynex Capital	Pair Corr
0.62	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.63	AHT-PD	Ashford Hospitality Trust	Pair Corr

Moving against Rafael Stock

0.71	OZ	Belpointe PREP LLC	Pair Corr
0.57	NXDT	NexPoint Strategic	Pair Corr
0.55	PK	Park Hotels Resorts	Pair Corr
0.49	KW	Kennedy Wilson Holdings Earnings Call This Week	Pair Corr
0.43	UE	Urban Edge Properties	Pair Corr
0.38	SQFT	Presidio Property Trust	Pair Corr
0.34	HR	Healthcare Realty Trust	Pair Corr
0.33	ADC-PA	Agree Realty	Pair Corr
0.32	RC	Ready Capital Corp	Pair Corr
0.57	ESBA	Empire State Realty	Pair Corr
0.56	AAT	American Assets Trust	Pair Corr
0.51	ESRT	Empire State Realty Earnings Call This Week	Pair Corr
0.49	FISK	Empire State Realty	Pair Corr
0.45	AHH	Armada Hflr Pr Earnings Call This Week	Pair Corr
0.4	WETH	Wetouch Technology Common	Pair Corr
0.38	EXPI	eXp World Holdings Earnings Call This Week	Pair Corr
0.35	WHLR	Wheeler Real Estate	Pair Corr
0.32	ABR	Arbor Realty Trust	Pair Corr

Related Correlations Analysis

	DUO	IRS	MAYS	RMR	NEN	KW	CBRE	RMAX	DBRG
DUO		-0.13	0.2	0.55	-0.25	0.39	-0.11	0.2	0.26	DUO
IRS	-0.13		-0.39	0.12	0.11	0.33	-0.09	0.43	0.36	IRS
MAYS	0.2	-0.39		-0.35	0.33	-0.5	-0.15	-0.6	-0.58	MAYS
RMR	0.55	0.12	-0.35		-0.81	0.94	-0.22	0.81	0.85	RMR
NEN	-0.25	0.11	0.33	-0.81		-0.75	0.17	-0.66	-0.74	NEN
KW	0.39	0.33	-0.5	0.94	-0.75		-0.13	0.92	0.91	KW
CBRE	-0.11	-0.09	-0.15	-0.22	0.17	-0.13		0.08	0.0	CBRE
RMAX	0.2	0.43	-0.6	0.81	-0.66	0.92	0.08		0.89	RMAX
DBRG	0.26	0.36	-0.58	0.85	-0.74	0.91	0.0	0.89		DBRG
	DUO	IRS	MAYS	RMR	NEN	KW	CBRE	RMAX	DBRG

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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

KW	+ 0.94	RMR
RMAX	+ 0.92	KW
DBRG	+ 0.91	KW
DBRG	+ 0.89	RMAX
DBRG	+ 0.85	RMR
RMAX	+ 0.81	RMR

High negative correlations

NEN	- 0.81	RMR
KW	- 0.75	NEN
DBRG	- 0.74	NEN
RMAX	- 0.66	NEN
RMAX	- 0.6	MAYS
DBRG	- 0.58	MAYS

Risk-Adjusted Indicators

There is a big difference between Rafael Stock performing well and Rafael Holdings 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 Rafael Holdings' 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
DUO	5.57	(0.41)	0.00	2.20	0.00	0.00	11.69	(11.48)	64.22
IRS	2.53	0.20	0.06	0.90	3.23	(2.67)	6.63	(5.28)	17.87
MAYS	0.85	(0.11)	0.00	0.78	0.00	0.00	1.20	(3.36)	11.71
RMR	1.06	(0.42)	0.00	(1.75)	0.00	0.00	1.45	(2.62)	6.79
NEN	1.77	0.26	0.10	0.54	2.00	(2.01)	4.39	(3.80)	12.65
KW	1.52	(0.37)	0.00	(0.47)	0.00	0.00	2.35	(3.47)	7.92
CBRE	1.34	0.09	0.05	0.08	1.66	(1.40)	2.79	(2.62)	7.96
RMAX	2.15	(0.26)	0.00	(0.14)	0.00	0.00	4.11	(3.69)	22.02
DBRG	1.73	(0.28)	0.00	(1.24)	0.00	0.00	4.22	(4.21)	10.92

Rafael Holdings Corporate Management

Shannon Klinger	Director	Profile
Menachem Ash	President General Counsel	Profile
Michael Weiss	Independent Director	Profile
Mark McCamish	Director	Profile
Ashok Marin	Chief Legal Officer	Profile
Rachel Jonas	Director	Profile

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