Wheeler Real Correlations

WHLR Stock

USD 8.50 0.19 2.19%

The current 90-days correlation between Wheeler Real Estate and Pennsylvania Real Estate is 0.2 (i.e., Modest diversification). The correlation of Wheeler Real 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.

Wheeler Real Correlation With Market

Good diversification

The correlation between Wheeler Real Estate and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wheeler Real Estate and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wheeler Real Estate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving against Wheeler Stock

0.43	SPG	Simon Property Group	Pair Corr
0.4	ROIC	Retail Opportunity Sell-off Trend	Pair Corr
0.39	PK	Park Hotels Resorts	Pair Corr
0.37	UE	Urban Edge Properties	Pair Corr
0.36	RLJ	RLJ Lodging Trust	Pair Corr
0.32	SKT	Tanger Factory Outlet	Pair Corr
0.37	DOUG	Douglas Elliman	Pair Corr
0.36	EMITF	Elbit Imaging	Pair Corr
0.32	CDR-PB	Cedar Realty Trust	Pair Corr

Related Correlations Analysis

	CBL	PRET	CDR-PB	MAC	SPG	O	PRETN	PRETM	RPT	UE
CBL		-0.74	0.45	0.66	0.82	-0.58	0.57	0.52	0.8	0.8	CBL
PRET	-0.74		-0.46	-0.61	-0.67	0.42	-0.6	-0.54	-0.73	-0.65	PRET
CDR-PB	0.45	-0.46		0.86	0.77	-0.43	-0.01	-0.04	0.7	0.73	CDR-PB
MAC	0.66	-0.61	0.86		0.93	-0.49	0.13	0.11	0.83	0.91	MAC
SPG	0.82	-0.67	0.77	0.93		-0.55	0.25	0.2	0.88	0.92	SPG
O	-0.58	0.42	-0.43	-0.49	-0.55		-0.07	-0.1	-0.64	-0.67	O
PRETN	0.57	-0.6	-0.01	0.13	0.25	-0.07		0.86	0.35	0.27	PRETN
PRETM	0.52	-0.54	-0.04	0.11	0.2	-0.1	0.86		0.26	0.29	PRETM
RPT	0.8	-0.73	0.7	0.83	0.88	-0.64	0.35	0.26		0.85	RPT
UE	0.8	-0.65	0.73	0.91	0.92	-0.67	0.27	0.29	0.85		UE
	CBL	PRET	CDR-PB	MAC	SPG	O	PRETN	PRETM	RPT	UE

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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

SPG	+ 0.93	MAC
UE	+ 0.92	SPG
UE	+ 0.91	MAC
RPT	+ 0.88	SPG
MAC	+ 0.86	CDR-PB
PRETM	+ 0.86	PRETN

High negative correlations

PRET	- 0.74	CBL
RPT	- 0.73	PRET
UE	- 0.67	O
SPG	- 0.67	PRET
UE	- 0.65	PRET
RPT	- 0.64	O

Risk-Adjusted Indicators

There is a big difference between Wheeler Stock performing well and Wheeler Real 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 Wheeler Real'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
CBL	0.96	0.15	0.11	0.35	0.69	(1.23)	2.62	(1.47)	6.14
PRET	5.38	(0.79)	0.00	1.27	0.00	0.00	11.11	(12.87)	51.70
CDR-PB	1.91	0.24	0.03	(2.79)	2.77	(1.97)	4.28	(4.61)	13.67
MAC	1.38	0.34	0.19	0.57	1.26	(1.65)	3.13	(2.05)	8.69
SPG	0.82	0.13	0.06	0.43	0.78	(0.93)	1.76	(1.66)	4.69
O	0.79	(0.05)	0.00	0.56	0.00	0.00	1.38	(1.84)	5.16
PRETN	6.11	0.31	0.03	0.41	6.96	(9.21)	12.10	(13.85)	72.30
PRETM	6.51	0.19	0.00	(0.12)	7.27	(9.44)	15.79	(14.44)	63.06
RPT	1.41	0.34	0.10	(0.56)	1.25	(1.64)	3.38	(2.21)	8.44
UE	0.84	0.14	0.08	0.39	0.73	(0.97)	1.78	(1.57)	4.48

Wheeler Real Corporate Management

Crystal CPA	Chief Officer	Profile
Rebecca Schiefer	Director Accounting	Profile
Mary Jensen	Investor Contact	Profile
Ross Barr	General Secretary	Profile
Elizabeth Hedrick	Vice Administration	Profile

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