Washington Real Correlations
| WREDelisted Stock | USD 17.74 0.04 0.22% |
The current 90-days correlation between Washington Real Estate and Steven Madden is -0.14 (i.e., Good diversification). The correlation of Washington 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.
Washington Real Correlation With Market
Good diversification
The correlation between Washington Real Estate and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Washington Real Estate and DJI in the same portfolio, assuming nothing else is changed.
Washington |
Moving against Washington Stock
| 0.77 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.73 | OPINL | Office Properties Income | PairCorr |
| 0.73 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.69 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.64 | VZ | Verizon Communications Sell-off Trend | PairCorr |
| 0.61 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.6 | PG | Procter Gamble Sell-off Trend | PairCorr |
| 0.56 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.51 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.47 | TUXS | Tuxis | PairCorr |
| 0.45 | PBCRF | PT Bank Central | PairCorr |
| 0.44 | PBCRY | Bank Central Asia | PairCorr |
| 0.37 | PTAIY | Astra International Tbk | PairCorr |
| 0.36 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
Related Correlations Analysis
| 0.0 | -0.26 | 0.22 | 0.17 | 0.3 | FTLF | ||
| 0.0 | 0.75 | -0.3 | -0.2 | 0.12 | SHOO | ||
| -0.26 | 0.75 | -0.67 | -0.59 | -0.08 | EML | ||
| 0.22 | -0.3 | -0.67 | 0.83 | 0.39 | RBC | ||
| 0.17 | -0.2 | -0.59 | 0.83 | 0.38 | FIZZ | ||
| 0.3 | 0.12 | -0.08 | 0.39 | 0.38 | VRA | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Washington Stock performing well and Washington 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 Washington 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FTLF | 1.24 | (0.07) | (0.04) | 0.04 | 2.02 | 3.21 | 14.26 | |||
| SHOO | 1.36 | (0.03) | (0.04) | 0.09 | 1.69 | 2.96 | 8.41 | |||
| EML | 1.65 | (0.13) | 0.00 | (0.10) | 0.00 | 3.39 | 11.83 | |||
| RBC | 1.05 | 0.01 | 0.06 | 0.13 | 0.99 | 2.12 | 11.43 | |||
| FIZZ | 0.96 | 0.08 | 0.00 | 0.32 | 1.04 | 2.21 | 6.35 | |||
| VRA | 1.81 | (0.10) | (0.02) | 0.05 | 2.30 | 4.21 | 12.01 |
Washington Real Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Washington Real stock to make a market-neutral strategy. Peer analysis of Washington Real could also be used in its relative valuation, which is a method of valuing Washington Real by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Washington Real Corporate Management
| Wade Hammond | Chief VP | Profile | |
| Amy Hopkins | VP Relations | Profile | |
| Anthony Chang | VP Management | Profile | |
| William Byrnes | Independent Trustee | Profile | |
| Benjamin Butcher | Independent Trustee | Profile | |
| Ellen Goitia | Independent Trustee | Profile |
Still Interested in Washington Real Estate?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.