Secure Property Correlations

SPDI Stock

0.02 0.00 0.00%

The current 90-days correlation between Secure Property Deve and Associated British Foods is 0.02 (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

Significant diversification

The correlation between Secure Property Development 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 Secure Property Development and DJI in the same portfolio, assuming nothing else is changed.

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 against Secure Stock

0.76	RIGD	Reliance Industries Earnings Call This Week	Pair Corr
0.69	WWH	Worldwide Healthcare	Pair Corr
0.55	FEML	Fidelity Emerging Markets	Pair Corr
0.45	1SN	First Tin PLC	Pair Corr
0.37	MAV4	Maven Income	Pair Corr

Related Correlations Analysis

	ABF	MWE	0MZX	FEVR	0J5Z	0LHR	MONY
ABF		-0.45	-0.38	0.57	-0.17	-0.48	0.42	ABF
MWE	-0.45		0.51	-0.31	0.31	0.81	-0.69	MWE
0MZX	-0.38	0.51		-0.19	0.41	0.77	-0.7	0MZX
FEVR	0.57	-0.31	-0.19		0.17	-0.29	0.37	FEVR
0J5Z	-0.17	0.31	0.41	0.17		0.39	-0.34	0J5Z
0LHR	-0.48	0.81	0.77	-0.29	0.39		-0.8	0LHR
MONY	0.42	-0.69	-0.7	0.37	-0.34	-0.8		MONY
	ABF	MWE	0MZX	FEVR	0J5Z	0LHR	MONY

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

0LHR	+ 0.81	MWE
0LHR	+ 0.77	0MZX
FEVR	+ 0.57	ABF
0MZX	+ 0.51	MWE
MONY	+ 0.42	ABF
0J5Z	+ 0.41	0MZX

High negative correlations

MONY	- 0.8	0LHR
MONY	- 0.7	0MZX
MONY	- 0.69	MWE
0LHR	- 0.48	ABF
MWE	- 0.45	ABF
0MZX	- 0.38	ABF

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
ABF	1.00	(0.16)	0.00	(4.80)	0.00	0.00	1.39	(2.64)	16.75
MWE	2.36	0.30	0.07	1.39	2.31	(4.22)	6.25	(4.88)	19.89
0MZX	1.42	0.49	0.27	1.45	1.01	(1.74)	4.92	(1.92)	10.29
FEVR	1.22	(0.02)	(0.03)	0.06	1.50	(1.23)	2.82	(2.34)	7.23
0J5Z	1.04	(0.07)	0.00	(0.28)	0.00	0.00	1.90	(2.12)	10.80
0LHR	1.18	0.08	0.01	0.45	1.25	(1.21)	2.96	(1.97)	8.64
MONY	0.82	(0.08)	0.00	(0.49)	0.00	0.00	1.98	(1.57)	7.30

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.

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