Xinyuan Real Correlations

XIN Stock

USD 2.71 0.02 0.73%

The current 90-days correlation between Xinyuan Real Estate and Alset Ehome International is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Xinyuan Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xinyuan Real Estate moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Xinyuan Real Correlation With Market

Average diversification

The correlation between Xinyuan Real Estate and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xinyuan 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 Xinyuan 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 gross domestic product.

Moving together with Xinyuan Stock

0.64	EXPI	eXp World Holdings	Pair Corr
0.67	NMRK	Newmark Group	Pair Corr
0.69	REAX	Real Brokerage	Pair Corr
0.79	BEKE	Ke Holdings	Pair Corr
0.7	CIGI	Colliers International Earnings Call This Week	Pair Corr
0.68	DBRG	Digitalbridge Group	Pair Corr
0.8	O	Realty Income	Pair Corr
0.69	WY	Weyerhaeuser	Pair Corr
0.64	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.8	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.66	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.65	ADC-PA	Agree Realty	Pair Corr

Moving against Xinyuan Stock

0.77	IRS	IRSA Inversiones Y Earnings Call This Week	Pair Corr
0.68	DX	Dynex Capital	Pair Corr
0.51	SQFT	Presidio Property Trust	Pair Corr
0.85	MITT-PC	AG Mortgage Investment	Pair Corr
0.45	EQIX	Equinix	Pair Corr

Related Correlations Analysis

	HCDIP	AXR	AEI	LSEA	HCDI	BAYP	ARL	SNLAY
HCDIP		0.42	-0.69	-0.23	-0.2	-0.6	0.45	-0.29	HCDIP
AXR	0.42		-0.01	0.53	0.24	0.01	0.65	0.36	AXR
AEI	-0.69	-0.01		0.67	0.34	0.66	-0.12	0.44	AEI
LSEA	-0.23	0.53	0.67		0.56	0.63	0.24	0.46	LSEA
HCDI	-0.2	0.24	0.34	0.56		0.62	-0.19	0.27	HCDI
BAYP	-0.6	0.01	0.66	0.63	0.62		-0.44	0.27	BAYP
ARL	0.45	0.65	-0.12	0.24	-0.19	-0.44		0.26	ARL
SNLAY	-0.29	0.36	0.44	0.46	0.27	0.27	0.26		SNLAY
	HCDIP	AXR	AEI	LSEA	HCDI	BAYP	ARL	SNLAY

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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

LSEA	+ 0.67	AEI
BAYP	+ 0.66	AEI
ARL	+ 0.65	AXR
BAYP	+ 0.63	LSEA
BAYP	+ 0.62	HCDI
HCDI	+ 0.56	LSEA

High negative correlations

AEI	- 0.69	HCDIP
BAYP	- 0.6	HCDIP
ARL	- 0.44	BAYP
SNLAY	- 0.29	HCDIP
LSEA	- 0.23	HCDIP
HCDI	- 0.2	HCDIP

Risk-Adjusted Indicators

There is a big difference between Xinyuan Stock performing well and Xinyuan 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 Xinyuan 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
HCDIP	4.42	0.84	0.13	(0.58)	4.11	(5.55)	13.51	(7.98)	28.75
AXR	2.83	0.16	0.02	0.77	3.61	(3.02)	4.94	(5.13)	24.88
AEI	5.95	(0.89)	0.00	(0.41)	0.00	0.00	7.52	(14.19)	69.05
LSEA	2.14	(0.43)	0.00	(0.43)	0.00	0.00	4.54	(4.77)	20.33
HCDI	7.33	0.21	0.02	0.45	8.40	(9.95)	9.93	(10.00)	121.44
BAYP	1.99	(1.07)	0.00	(1.70)	0.00	0.00	0.00	0.00	66.67
ARL	2.77	(0.06)	(0.01)	0.05	3.18	(3.12)	5.59	(5.49)	18.40
SNLAY	1.78	(0.02)	0.00	0.21	0.00	0.00	5.01	(4.13)	12.48

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