Washington Real Correlations

WRI Stock

EUR 1.75 0.01 0.57%

The current 90-days correlation between Washington Real Estate and Federal Agricultural Mortgage is -0.01 (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.

The ability to find closely correlated positions to Washington 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 Washington 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 Washington 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 Washington Real Estate to buy it.

Moving against Washington Stock

0.69	MM2	Mercator Medical	Pair Corr
0.61	GCB	PTT Global Chemical Earnings Call This Week	Pair Corr
0.58	CU3	Cohu Inc Earnings Call Tomorrow	Pair Corr
0.55	SSU	Samsung Electronics	Pair Corr
0.52	GJ9	SLC Agricola SA Split	Pair Corr
0.5	2X0	Corteva	Pair Corr
0.49	NEF	NESTE OIL	Pair Corr
0.45	DP4A	AP Mller	Pair Corr
0.44	AM8	AMAG Austria Metall	Pair Corr
0.39	ARW	Arrow Electronics	Pair Corr
0.37	WA9	Wabash National	Pair Corr
0.36	8SF	SLIGRO FOOD GROUP	Pair Corr
0.35	DP4B	AP Mller	Pair Corr
0.33	QIA	QIAGEN NV Split	Pair Corr
0.32	ENI	Eni SpA	Pair Corr
0.64	DBPE	Xtrackers LevDAX	Pair Corr
0.63	QBE	QBE Insurance Group	Pair Corr
0.61	6HS	Horseshoe Metals	Pair Corr
0.57	E908	Lyxor 1	Pair Corr
0.54	UEO	Westlake Chemical	Pair Corr
0.53	4OQ1	AGNC Investment Corp	Pair Corr
0.5	WDC	WESTERN DIGITAL	Pair Corr
0.49	GZF	Engie SA	Pair Corr
0.47	UUEC	United Utilities	Pair Corr
0.4	WWR	Woolworths Group	Pair Corr
0.39	LUS1	Lang Schwarz Aktieng	Pair Corr
0.39	4HF	Hoist Finance AB	Pair Corr
0.36	XSI	Sanyo Chemical Industries	Pair Corr
0.35	H3M	Hochschild Mining plc	Pair Corr
0.35	2MF	MOBILE FACTORY INC	Pair Corr

Related Correlations Analysis

	A35	I43	GZ3	WIQ	QV5	GRG	CQY
A35		0.5	-0.05	-0.14	0.17	0.7	-0.01	A35
I43	0.5		0.47	0.08	0.55	0.85	0.45	I43
GZ3	-0.05	0.47		0.03	0.38	0.34	0.35	GZ3
WIQ	-0.14	0.08	0.03		0.08	0.08	0.45	WIQ
QV5	0.17	0.55	0.38	0.08		0.37	0.35	QV5
GRG	0.7	0.85	0.34	0.08	0.37		0.43	GRG
CQY	-0.01	0.45	0.35	0.45	0.35	0.43		CQY
	A35	I43	GZ3	WIQ	QV5	GRG	CQY

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

GRG	+ 0.85	I43
GRG	+ 0.7	A35
QV5	+ 0.55	I43
I43	+ 0.5	A35
GZ3	+ 0.47	I43
CQY	+ 0.45	I43

High negative correlations

WIQ	- 0.14	A35
GZ3	- 0.05	A35
CQY	- 0.01	A35

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
A35	0.70	0.15	0.03	(0.76)	0.83	(1.31)	2.19	(1.33)	9.49
I43	1.82	0.57	0.23	(1.73)	1.46	(2.20)	6.26	(2.72)	11.57
GZ3	1.20	(0.03)	(0.03)	0.02	1.47	(3.31)	4.26	(2.13)	11.89
WIQ	2.27	(0.19)	0.00	(0.12)	0.00	0.00	4.76	(4.82)	15.35
QV5	2.64	(0.03)	(0.02)	0.02	3.31	(3.81)	6.67	(6.62)	15.72
GRG	1.13	0.31	0.18	0.89	1.03	(1.52)	2.84	(1.89)	6.28
CQY	2.34	0.17	0.02	(0.91)	2.80	(2.57)	4.84	(4.89)	12.80

Be your own money manager

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

Elected by the shareholders, the Washington Real's board of directors comprises two types of representatives: Washington Real inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Washington. The board's role is to monitor Washington Real's management team and ensure that shareholders' interests are well served. Washington Real's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Washington Real's outside directors are responsible for providing unbiased perspectives on the board's policies.

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