Wheeler Real Correlations

WHLRP Preferred Stock

USD 4.15 0.45 12.16%

The current 90-days correlation between Wheeler Real Estate and Wheeler Real Estate is 0.18 (i.e., Average 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 -0.02 (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 together with Wheeler Preferred Stock

0.61	BFS-PD	Saul Centers	Pair Corr
0.67	SPG-PJ	Simon Property Group	Pair Corr
0.76	KIM-PM	Kimco Realty	Pair Corr
0.7	KIM-PL	Kimco Realty	Pair Corr
0.75	FRT-PC	Federal Realty Investment	Pair Corr
0.78	O	Realty Income	Pair Corr
0.68	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.72	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.66	VNO-PL	Vornado Realty Trust	Pair Corr
0.67	VNO-PO	Vornado Realty Trust	Pair Corr

Moving against Wheeler Preferred Stock

0.76	SRG-PA	Seritage Growth Prop	Pair Corr
0.58	DX	Dynex Capital Earnings Call This Week	Pair Corr
0.53	PK	Park Hotels Resorts	Pair Corr
0.46	PW	Power REIT	Pair Corr
0.43	OZ	Belpointe PREP LLC	Pair Corr
0.35	RC	Ready Capital Corp	Pair Corr
0.33	LB	LandBridge Company	Pair Corr
0.72	MITT-PC	AG Mortgage Investment	Pair Corr
0.65	EQIX	Equinix	Pair Corr

Related Correlations Analysis

	WHLRD	PRET	SITC	CBL	BRX	ALEX	AKR	KRG	FCPT	PRETN
WHLRD		0.0	0.24	-0.36	-0.5	-0.46	-0.53	-0.41	0.05	0.0	WHLRD
PRET	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	PRET
SITC	0.24	0.0		-0.7	0.24	0.28	0.3	0.5	0.51	0.0	SITC
CBL	-0.36	0.0	-0.7		0.21	-0.04	0.18	-0.14	0.06	0.0	CBL
BRX	-0.5	0.0	0.24	0.21		0.83	0.87	0.91	0.67	0.0	BRX
ALEX	-0.46	0.0	0.28	-0.04	0.83		0.76	0.87	0.46	0.0	ALEX
AKR	-0.53	0.0	0.3	0.18	0.87	0.76		0.88	0.65	0.0	AKR
KRG	-0.41	0.0	0.5	-0.14	0.91	0.87	0.88		0.62	0.0	KRG
FCPT	0.05	0.0	0.51	0.06	0.67	0.46	0.65	0.62		0.0	FCPT
PRETN	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		PRETN
	WHLRD	PRET	SITC	CBL	BRX	ALEX	AKR	KRG	FCPT	PRETN

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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

KRG	+ 0.91	BRX
KRG	+ 0.88	AKR
AKR	+ 0.87	BRX
KRG	+ 0.87	ALEX
ALEX	+ 0.83	BRX
AKR	+ 0.76	ALEX

High negative correlations

CBL	- 0.7	SITC
AKR	- 0.53	WHLRD
BRX	- 0.5	WHLRD
ALEX	- 0.46	WHLRD
KRG	- 0.41	WHLRD
CBL	- 0.36	WHLRD

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
WHLRD	1.98	0.33	0.12	(3.79)	2.22	(2.38)	4.41	(3.15)	12.13
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
CBL	1.22	0.11	0.06	0.61	1.19	(1.52)	2.81	(1.79)	8.04
BRX	0.93	(0.08)	0.00	(0.30)	0.00	0.00	1.52	(2.19)	6.55
ALEX	0.92	(0.10)	0.00	(0.54)	0.00	0.00	1.30	(1.80)	5.96
AKR	1.00	(0.14)	0.00	2.26	0.00	0.00	1.94	(2.20)	6.68
KRG	1.00	(0.12)	0.00	(0.30)	0.00	0.00	2.09	(2.29)	6.64
FCPT	0.92	(0.11)	0.00	(0.94)	0.00	0.00	1.75	(2.34)	5.47
PRETN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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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

Rebecca Schiefer	Director Accounting	Profile
Michael Franklin	CEO Pres	Profile
Mary Jensen	Investor Contact	Profile
Elizabeth Hedrick	VP Admin	Profile
Crystal Plum	Chief Officer	Profile
Angelica Beltran	VP Sec	Profile

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