Necessity Retail Correlations
| RTLPPDelisted Preferred Stock | USD 20.99 0.52 2.54% |
The current 90-days correlation between Necessity Retail REIT and Necessity Retail REIT is 0.59 (i.e., Very weak diversification). The correlation of Necessity 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Necessity Retail Correlation With Market
Significant diversification
The correlation between Necessity Retail REIT and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Necessity Retail REIT and DJI in the same portfolio, assuming nothing else is changed.
Necessity |
The ability to find closely correlated positions to Necessity 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 Necessity 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 Necessity 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 Necessity Retail REIT to buy it.
Moving together with Necessity Preferred Stock
| 0.66 | GFAI | Guardforce AI Buyout Trend | PairCorr |
| 0.65 | VMCA | Valuence Merger Corp | PairCorr |
| 0.65 | BBAI | BigBearai Holdings Downward Rally | PairCorr |
| 0.68 | NGL | NGL Energy Partners | PairCorr |
| 0.72 | LAKE | Lakeland Industries | PairCorr |
Moving against Necessity Preferred Stock
| 0.79 | MULN | Mullen Automotive | PairCorr |
| 0.64 | VICI | VICI Properties | PairCorr |
| 0.51 | RNAZ | Transcode Therapeutics | PairCorr |
| 0.5 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.37 | LSGOF | Land Securities Group | PairCorr |
| 0.33 | LDSCY | Land Securities Group | PairCorr |
| 0.32 | COCXF | Chocoladefabriken Lindt | PairCorr |
| 0.37 | 90932JAA0 | US90932JAA07 | PairCorr |
Related Correlations Analysis
| 0.35 | -0.65 | 0.32 | 0.52 | RTLPO | ||
| 0.35 | 0.27 | 0.5 | -0.22 | RLJ-PA | ||
| -0.65 | 0.27 | 0.06 | -0.78 | PMT-PC | ||
| 0.32 | 0.5 | 0.06 | 0.14 | IVR-PC | ||
| 0.52 | -0.22 | -0.78 | 0.14 | NYMTM | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Necessity Preferred Stock performing well and Necessity 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 Necessity 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 | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RTLPO | 0.85 | 0.09 | 0.06 | (0.50) | 0.92 | 1.82 | 6.34 | |||
| RLJ-PA | 0.36 | (0.03) | 0.00 | (0.28) | 0.00 | 0.60 | 2.11 | |||
| PMT-PC | 0.63 | (0.09) | 0.00 | (0.28) | 0.00 | 0.98 | 3.40 | |||
| IVR-PC | 0.68 | 0.01 | (0.01) | 1.16 | 1.05 | 2.29 | 5.89 | |||
| NYMTM | 0.31 | 0.06 | 0.11 | (1.65) | 0.16 | 0.69 | 2.21 |
Necessity Retail Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Necessity Retail preferred stock to make a market-neutral strategy. Peer analysis of Necessity Retail could also be used in its relative valuation, which is a method of valuing Necessity Retail by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Necessity Retail Corporate Management
| Jason Slear | Ex Dispositions | Profile | |
| Boris Korotkin | Sr Strategy | Profile | |
| Jason Doyle | Treasurer CFO | Profile | |
| Ori Kravel | Sr Devel | Profile | |
| Edward Weil | Pres Chairman | Profile | |
| Louisa Quarto | Ex VP | Profile |
Still Interested in Necessity Retail REIT?
Investing in delisted delisted preferred stocks can be risky, as the preferred stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.