Tejon Ranch Correlations

TRC Stock

USD 16.58 0.76 4.80%

The current 90-days correlation between Tejon Ranch and Steel Partners Holdings is 0.17 (i.e., Average diversification). The correlation of Tejon Ranch 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.

Tejon Ranch Correlation With Market

Poor diversification

The correlation between Tejon Ranch Co and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tejon Ranch Co and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tejon Ranch Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Tejon Stock

0.81	HPP	Hudson Pacific Properties	Pair Corr
0.7	INN	Summit Hotel Properties	Pair Corr
0.73	OPI	Office Properties Income Buyout Trend	Pair Corr
0.68	NTST	Netstreit Corp	Pair Corr
0.79	FR	First Industrial Realty	Pair Corr

Moving against Tejon Stock

0.76	AKR	Acadia Realty Trust	Pair Corr
0.74	SKT	Tanger Factory Outlet	Pair Corr
0.68	SPG	Simon Property Group	Pair Corr
0.64	UE	Urban Edge Properties	Pair Corr
0.63	EQIX	Equinix	Pair Corr
0.59	KIM	Kimco Realty	Pair Corr
0.59	SLG	SL Green Realty Fiscal Year End 22nd of January 2025	Pair Corr
0.57	AHR	American Healthcare REIT,	Pair Corr
0.52	IVT	Inventrust Properties	Pair Corr
0.52	RHP	Ryman Hospitality	Pair Corr
0.5	BRX	Brixmor Property	Pair Corr
0.45	BXP	Boston Properties	Pair Corr
0.4	ADC	Agree Realty	Pair Corr
0.39	FSP	Franklin Street Prop	Pair Corr
0.36	GTY	Getty Realty	Pair Corr
0.75	SITC	Site Centers Corp	Pair Corr
0.72	WSR	Whitestone REIT	Pair Corr
0.47	ROIC	Retail Opportunity	Pair Corr
0.45	MITT-PA	AG Mortgage Investment	Pair Corr
0.42	VNO-PN	Vornado Realty Trust	Pair Corr
0.4	VNO-PO	Vornado Realty Trust	Pair Corr
0.39	VNO-PM	Vornado Realty Trust	Pair Corr

Related Correlations Analysis

	SPLP-PA	CODI-PA	BBU	MATW	SPLP	GFF	CODI	CODI-PC	CODI-PB
SPLP-PA		-0.73	0.86	-0.24	0.27	0.52	0.48	-0.33	-0.62	SPLP-PA
CODI-PA	-0.73		-0.78	0.06	-0.23	-0.8	-0.57	0.66	0.92	CODI-PA
BBU	0.86	-0.78		-0.12	0.24	0.69	0.69	-0.44	-0.71	BBU
MATW	-0.24	0.06	-0.12		-0.19	0.31	0.48	0.16	0.11	MATW
SPLP	0.27	-0.23	0.24	-0.19		0.27	0.04	-0.31	-0.3	SPLP
GFF	0.52	-0.8	0.69	0.31	0.27		0.78	-0.55	-0.78	GFF
CODI	0.48	-0.57	0.69	0.48	0.04	0.78		-0.24	-0.49	CODI
CODI-PC	-0.33	0.66	-0.44	0.16	-0.31	-0.55	-0.24		0.82	CODI-PC
CODI-PB	-0.62	0.92	-0.71	0.11	-0.3	-0.78	-0.49	0.82		CODI-PB
	SPLP-PA	CODI-PA	BBU	MATW	SPLP	GFF	CODI	CODI-PC	CODI-PB

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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

CODI-PB	+ 0.92	CODI-PA
BBU	+ 0.86	SPLP-PA
CODI-PB	+ 0.82	CODI-PC
CODI	+ 0.78	GFF
GFF	+ 0.69	BBU
CODI	+ 0.69	BBU

High negative correlations

GFF	- 0.8	CODI-PA
CODI-PB	- 0.78	GFF
BBU	- 0.78	CODI-PA
CODI-PA	- 0.73	SPLP-PA
CODI-PB	- 0.71	BBU
CODI-PB	- 0.62	SPLP-PA

Risk-Adjusted Indicators

There is a big difference between Tejon Stock performing well and Tejon Ranch 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 Tejon Ranch'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
SPLP-PA	0.14	0.04	(0.36)	(6.31)	0.00	(0.19)	0.38	(0.21)	1.26
CODI-PA	0.37	(0.09)	0.00	3.33	0.00	0.00	0.93	(0.79)	2.60
BBU	1.61	0.20	0.13	0.29	1.43	(1.77)	3.97	(2.48)	8.55
MATW	1.80	0.09	0.11	0.17	1.75	(2.32)	3.20	(3.40)	8.96
SPLP	1.44	0.03	(0.01)	0.17	1.98	(2.17)	3.70	(3.66)	15.59
GFF	1.76	0.21	0.15	0.25	1.70	(2.02)	3.91	(3.12)	22.83
CODI	1.31	0.02	0.04	0.14	1.25	(1.49)	3.27	(1.94)	9.24
CODI-PC	0.34	(0.06)	0.00	0.50	0.00	0.00	0.79	(0.73)	2.74
CODI-PB	0.28	(0.06)	0.00	1.15	0.00	0.00	0.55	(0.61)	2.07

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