Secure Property Correlations
| SPDI Stock | 4.00 0.00 0.00% |
The current 90-days correlation between Secure Property Deve and Cardiff Property PLC is 0.03 (i.e., Significant diversification). The correlation of Secure Property 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.
Secure Property Correlation With Market
Good diversification
The correlation between Secure Property Development and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Secure Property Development and DJI in the same portfolio, assuming nothing else is changed.
Secure |
The ability to find closely correlated positions to Secure Property could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Secure Property 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 Secure Property - 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 Secure Property Development to buy it.
Moving together with Secure Stock
| 0.77 | SRE | Sirius Real Estate | PairCorr |
| 0.75 | HLCL | Helical Bar Plc | PairCorr |
| 0.65 | SMSD | Samsung Electronics | PairCorr |
| 0.66 | RIGD | Reliance Industries | PairCorr |
| 0.74 | SBID | State Bank | PairCorr |
Moving against Secure Stock
| 0.88 | CNE | Capricorn Energy PLC | PairCorr |
| 0.85 | TYT | Toyota Motor Corp | PairCorr |
| 0.83 | AMRQ | Amaroq Minerals | PairCorr |
| 0.77 | CLDN | Caledonia Investments | PairCorr |
| 0.76 | SOM | Somero Enterprise | PairCorr |
| 0.72 | HSBK | Halyk Bank | PairCorr |
| 0.71 | CDFF | Cardiff Property PLC | PairCorr |
| 0.68 | SCGL | Sealand Capital Galaxy | PairCorr |
| 0.67 | PCT | Polar Capital Technology | PairCorr |
| 0.62 | ENOG | Energean Oil Gas | PairCorr |
| 0.62 | 0LCV | Taiwan Semiconductor | PairCorr |
| 0.54 | CAM | Camellia Plc | PairCorr |
| 0.44 | TM1 | Technology Minerals PLC | PairCorr |
| 0.37 | VCP | Victoria PLC | PairCorr |
| 0.32 | WINK | M Winkworth PLC | PairCorr |
| 0.86 | ZIOC | Zanaga Iron Ore | PairCorr |
| 0.8 | MVI | Marwyn Value Investors | PairCorr |
| 0.76 | ATY | Athelney Trust plc | PairCorr |
| 0.75 | HSBA | HSBC Holdings PLC | PairCorr |
| 0.73 | 0NW1 | Compagnie Plastic Omnium | PairCorr |
| 0.72 | ITH | Ithaca Energy PLC | PairCorr |
| 0.72 | HSBK | Halyk Bank | PairCorr |
| 0.72 | CHRY | Chrysalis Investments | PairCorr |
| 0.69 | TFIF | TwentyFour Income | PairCorr |
| 0.61 | APTA | Aptamer Group PLC | PairCorr |
| 0.61 | OBI | Ondine Biomedical | PairCorr |
| 0.59 | DEC | Diversified Energy | PairCorr |
Related Correlations Analysis
| 0.75 | -0.77 | -0.07 | 0.77 | -0.36 | SRE | ||
| 0.75 | -0.84 | 0.0 | 0.6 | -0.39 | PSDL | ||
| -0.77 | -0.84 | 0.19 | -0.71 | 0.41 | CDFF | ||
| -0.07 | 0.0 | 0.19 | -0.32 | 0.06 | WINK | ||
| 0.77 | 0.6 | -0.71 | -0.32 | -0.27 | SPDI | ||
| -0.36 | -0.39 | 0.41 | 0.06 | -0.27 | FLK | ||
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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 Secure Stock performing well and Secure Property 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 Secure Property'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SRE | 1.10 | (0.20) | 0.00 | (1.45) | 0.00 | 2.01 | 6.64 | |||
| PSDL | 0.98 | (0.11) | 0.00 | 0.47 | 0.00 | 1.69 | 6.58 | |||
| CDFF | 0.38 | 0.19 | 0.00 | 5.45 | 0.00 | 0.66 | 6.52 | |||
| WINK | 0.91 | 0.09 | 0.02 | 0.52 | 1.42 | 3.72 | 12.67 | |||
| SPDI | 0.33 | (0.18) | 0.00 | 5.79 | 0.00 | 0.00 | 11.11 | |||
| FLK | 0.54 | 0.01 | 0.00 | 0.20 | 0.00 | 0.00 | 15.69 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Secure Property 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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Secure Property Corporate Management
Elected by the shareholders, the Secure Property's board of directors comprises two types of representatives: Secure Property inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Secure. The board's role is to monitor Secure Property's management team and ensure that shareholders' interests are well served. Secure Property's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Secure Property's outside directors are responsible for providing unbiased perspectives on the board's policies.
| BSc CFA | Special Adviser | Profile | |
| Emmanuel Blouin | Member Advisor | Profile | |
| Theofanis Antoniou | Chief Officer | Profile | |
| Dmitry Kichmarenko | Managing Ukraine | Profile |