Sachem Capital Correlations
| SACH-PA Preferred Stock | 15.79 0.23 1.48% |
The correlation of Sachem Capital 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.
Sachem Capital Correlation With Market
Modest diversification
The correlation between Sachem Capital Corp and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sachem Capital Corp and DJI in the same portfolio, assuming nothing else is changed.
Sachem |
The ability to find closely correlated positions to Sachem Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sachem Capital 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 Sachem Capital - 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 Sachem Capital Corp to buy it.
Moving together with Sachem Preferred Stock
| 0.61 | ACR-PD | ACRES Commercial Realty | PairCorr |
| 0.77 | TRTX-PC | TPG RE Finance Earnings Call This Week | PairCorr |
| 0.7 | RC-PC | Ready Capital | PairCorr |
| 0.71 | RC-PE | Ready Capital | PairCorr |
| 0.68 | ABR-PE | Arbor Realty Trust | PairCorr |
| 0.77 | NYMTZ | New York Mortgage Earnings Call This Week | PairCorr |
| 0.73 | ARR-PC | ARMOUR Residential REIT | PairCorr |
Moving against Sachem Preferred Stock
| 0.85 | ABR-PF | Arbor Realty Trust | PairCorr |
| 0.66 | NLY-PG | Annaly Capital Management | PairCorr |
| 0.61 | MITT-PC | AG Mortgage Investment Earnings Call This Week | PairCorr |
| 0.61 | GPMT-PA | Granite Point Mortgage | PairCorr |
| 0.58 | RITM-PA | Rithm Capital Corp | PairCorr |
| 0.56 | NLY-PI | Annaly Capital Management | PairCorr |
| 0.53 | NLY-PF | Annaly Capital Management | PairCorr |
| 0.52 | RITM-PB | Rithm Capital Corp | PairCorr |
| 0.48 | ACR-PC | ACRES Commercial Realty | PairCorr |
| 0.44 | RITM-PC | Rithm Capital Corp | PairCorr |
| 0.33 | LFT-PA | Lument Finance Trust | PairCorr |
| 0.73 | AGNCM | AGNC Investment Corp | PairCorr |
| 0.63 | AGNCO | AGNC Investment Corp | PairCorr |
| 0.58 | AGNCN | AGNC Investment Corp | PairCorr |
| 0.52 | NYMTM | New York Mortgage Earnings Call This Week | PairCorr |
| 0.49 | MFA-PC | MFA Financial Earnings Call This Week | PairCorr |
| 0.46 | CIM-PD | Chimera Investment | PairCorr |
| 0.44 | TWO-PC | Two Harbors Investment | PairCorr |
| 0.42 | RWT-PA | Redwood Trust Earnings Call This Week | PairCorr |
| 0.41 | AGNCP | AGNC Investment Corp | PairCorr |
| 0.31 | NYMTL | New York Mortgage Earnings Call This Week | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Sachem Preferred Stock performing well and Sachem Capital 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 Sachem Capital'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SPNT-PB | 0.28 | 0.02 | 0.05 | (1.01) | 0.24 | 0.68 | 2.04 | |||
| HROWL | 0.24 | 0.03 | 0.07 | 0.47 | 0.25 | 0.59 | 1.98 | |||
| RTLPO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| XOMAO | 0.23 | 0.01 | 0.04 | (0.46) | 0.20 | 0.52 | 1.48 | |||
| NYMTM | 0.30 | 0.04 | 0.10 | (2.17) | 0.23 | 0.69 | 2.21 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sachem Capital 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.Did you try this?
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Sachem Capital Corporate Management
| CPA CPA | CEO Chairman | Profile | |
| Nicholas Marcello | VP Operations | Profile | |
| Eric OBrien | VP Management | Profile | |
| William Haydon | Chief Officer | Profile | |
| John CPA | Ex CFO | Profile |