Wheeler Real Correlations

WHLRD Preferred Stock

USD 31.45 0.90 2.95%

The current 90-days correlation between Wheeler Real Estate and Cedar Realty Trust is -0.03 (i.e., Good 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.

Wheeler Real Correlation With Market

Good diversification

The correlation between Wheeler Real Estate and DJI is -0.03 (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.

The ability to find closely correlated positions to Wheeler Real could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wheeler Real 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 Wheeler Real - 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 Wheeler Real Estate to buy it.

Moving against Wheeler Preferred Stock

0.71	OZ	Belpointe PREP LLC	Pair Corr
0.57	PK	Park Hotels Resorts	Pair Corr
0.5	UE	Urban Edge Properties	Pair Corr
0.37	KW	Kennedy Wilson Holdings	Pair Corr
0.36	KIM-PN	Kimco Realty	Pair Corr
0.49	EQIX	Equinix	Pair Corr
0.35	DOUG	Douglas Elliman	Pair Corr
0.34	EXPI	eXp World Holdings Potential Growth	Pair Corr

Related Correlations Analysis

	CDR-PC	PRETN	CBL	BFS	WHLRP	PRET	SITC	SKT	SPG	KIM
CDR-PC		0.0	0.06	-0.58	-0.1	0.0	-0.3	-0.46	-0.08	-0.59	CDR-PC
PRETN	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	PRETN
CBL	0.06	0.0		-0.08	-0.86	0.0	-0.7	0.31	0.44	0.11	CBL
BFS	-0.58	0.0	-0.08		0.3	0.0	0.53	0.76	0.54	0.89	BFS
WHLRP	-0.1	0.0	-0.86	0.3		0.0	0.79	-0.15	-0.29	0.11	WHLRP
PRET	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	PRET
SITC	-0.3	0.0	-0.7	0.53	0.79	0.0		0.1	-0.05	0.34	SITC
SKT	-0.46	0.0	0.31	0.76	-0.15	0.0	0.1		0.81	0.89	SKT
SPG	-0.08	0.0	0.44	0.54	-0.29	0.0	-0.05	0.81		0.65	SPG
KIM	-0.59	0.0	0.11	0.89	0.11	0.0	0.34	0.89	0.65		KIM
	CDR-PC	PRETN	CBL	BFS	WHLRP	PRET	SITC	SKT	SPG	KIM

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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

KIM	+ 0.89	BFS
KIM	+ 0.89	SKT
SPG	+ 0.81	SKT
SITC	+ 0.79	WHLRP
SKT	+ 0.76	BFS
KIM	+ 0.65	SPG

High negative correlations

WHLRP	- 0.86	CBL
SITC	- 0.7	CBL
KIM	- 0.59	CDR-PC
BFS	- 0.58	CDR-PC
SKT	- 0.46	CDR-PC
SITC	- 0.3	CDR-PC

Risk-Adjusted Indicators

There is a big difference between Wheeler Preferred 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
CDR-PC	0.87	0.03	(0.01)	(0.29)	1.03	(1.03)	1.84	(1.51)	9.08
PRETN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CBL	1.22	0.11	0.06	0.61	1.19	(1.52)	2.81	(1.79)	8.04
BFS	0.92	(0.16)	0.00	(0.41)	0.00	0.00	1.66	(2.45)	6.75
WHLRP	3.08	0.30	0.05	(2.62)	3.73	(3.68)	9.47	(7.36)	17.91
PRET	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SITC	1.04	(0.15)	0.00	3.35	0.00	0.00	2.33	(1.96)	6.21
SKT	0.77	(0.08)	0.00	(0.71)	0.00	0.00	1.18	(1.92)	7.41
SPG	0.94	0.05	0.01	0.26	1.36	(0.89)	1.46	(1.72)	7.36
KIM	0.93	(0.13)	0.00	(0.72)	0.00	0.00	1.65	(1.96)	5.99

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Our tools can tell you how much better you can do entering a position in Wheeler Real 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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Wheeler Real Corporate Management

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Michael Franklin	CEO Pres	Profile
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Crystal Plum	Chief Officer	Profile
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