TPG RE Correlations

TRTX Stock

USD 8.78 0.04 0.46%

The current 90-days correlation between TPG RE Finance and Ares Commercial Real is 0.47 (i.e., Very weak diversification). The correlation of TPG RE 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.

TPG RE Correlation With Market

Weak diversification

The correlation between TPG RE Finance and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TPG RE Finance 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 TPG RE Finance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with TPG Stock

0.64	V	Visa Class A	Pair Corr
0.63	DUET	DUET Acquisition Corp	Pair Corr

Moving against TPG Stock

0.59	WU	Western Union	Pair Corr
0.51	LU	Lufax Holding	Pair Corr
0.48	PWUPW	PowerUp Acquisition Corp	Pair Corr
0.47	BRKHU	BurTech Acquisition Corp	Pair Corr
0.45	LGHLW	Lion Financial Group	Pair Corr
0.44	PWUPU	PowerUp Acquisition Corp	Pair Corr
0.39	BRKHW	BurTech Acquisition Corp	Pair Corr
0.36	EARN	Ellington Residential Normal Trading	Pair Corr

Related Correlations Analysis

	EARN	ACRE	NREF	EFC	ARI	FBRT	CHMI	KREF	RC	BRMK
EARN		0.19	-0.26	0.68	0.12	0.11	0.6	0.42	0.41	-0.32	EARN
ACRE	0.19		0.66	0.51	0.32	0.33	-0.11	0.43	0.45	-0.21	ACRE
NREF	-0.26	0.66		0.07	0.27	-0.02	-0.56	0.02	0.16	-0.03	NREF
EFC	0.68	0.51	0.07		0.68	0.09	0.48	0.31	0.82	-0.45	EFC
ARI	0.12	0.32	0.27	0.68		0.02	0.09	-0.12	0.84	-0.12	ARI
FBRT	0.11	0.33	-0.02	0.09	0.02		0.15	0.46	0.0	0.12	FBRT
CHMI	0.6	-0.11	-0.56	0.48	0.09	0.15		0.5	0.34	-0.39	CHMI
KREF	0.42	0.43	0.02	0.31	-0.12	0.46	0.5		0.04	-0.54	KREF
RC	0.41	0.45	0.16	0.82	0.84	0.0	0.34	0.04		-0.13	RC
BRMK	-0.32	-0.21	-0.03	-0.45	-0.12	0.12	-0.39	-0.54	-0.13		BRMK
	EARN	ACRE	NREF	EFC	ARI	FBRT	CHMI	KREF	RC	BRMK

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

RC	+ 0.84	ARI
RC	+ 0.82	EFC
EFC	+ 0.68	EARN
ARI	+ 0.68	EFC
NREF	+ 0.66	ACRE
CHMI	+ 0.6	EARN

High negative correlations

CHMI	- 0.56	NREF
BRMK	- 0.54	KREF
BRMK	- 0.45	EFC
BRMK	- 0.39	CHMI
BRMK	- 0.32	EARN
NREF	- 0.26	EARN

Risk-Adjusted Indicators

There is a big difference between TPG Stock performing well and TPG RE 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 TPG RE'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
EARN	0.83	(0.03)	(0.09)	(0.02)	0.98	(0.98)	1.92	(1.85)	5.24
ACRE	1.39	0.03	0.01	0.13	1.68	(1.52)	2.88	(2.67)	13.22
NREF	1.55	0.14	0.05	0.30	2.05	(1.60)	3.48	(2.75)	11.85
EFC	0.64	(0.09)	0.00	(0.14)	0.00	0.00	1.02	(1.26)	4.21
ARI	0.95	(0.16)	0.00	(0.22)	0.00	0.00	2.23	(2.25)	8.89
FBRT	0.91	(0.05)	(0.05)	0.04	1.24	(0.88)	1.85	(2.19)	5.83
CHMI	1.10	(0.48)	0.00	(1.35)	0.00	0.00	1.75	(2.45)	12.10
KREF	1.05	0.01	(0.02)	0.11	1.26	(1.16)	2.02	(2.34)	8.63
RC	1.28	(0.30)	0.00	(0.18)	0.00	0.00	2.95	(2.57)	8.18
BRMK	1.63	(0.07)	0.00	(0.17)	0.00	0.00	3.02	(4.08)	8.68

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC