Armada Hflr Correlations

AHH Stock

USD 10.88 0.04 0.37%

The current 90-days correlation between Armada Hflr Pr and Global Net Lease is 0.16 (i.e., Average diversification). The correlation of Armada Hflr 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.

Armada Hflr Correlation With Market

Weak diversification

The correlation between Armada Hflr Pr and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Armada Hflr Pr and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Armada Hflr Pr. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Armada Stock

0.67	EGP	EastGroup Properties	Pair Corr
0.71	LXP	LXP Industrial Trust	Pair Corr
0.61	NTST	Netstreit Corp	Pair Corr

Moving against Armada Stock

0.48

SITC

Site Centers Corp

Pair Corr

Related Correlations Analysis

	MDV-PA	GNL-PB	NXDT-PA	EPRT	BNL	SAFE	CTO	BRSP	MDV	GOODN
MDV-PA		0.85	0.85	0.81	0.77	0.7	0.37	-0.15	0.7	0.58	MDV-PA
GNL-PB	0.85		0.8	0.92	0.87	0.85	0.36	-0.21	0.88	0.75	GNL-PB
NXDT-PA	0.85	0.8		0.81	0.75	0.78	0.49	-0.26	0.76	0.64	NXDT-PA
EPRT	0.81	0.92	0.81		0.93	0.89	0.31	0.02	0.9	0.73	EPRT
BNL	0.77	0.87	0.75	0.93		0.94	0.47	-0.08	0.89	0.77	BNL
SAFE	0.7	0.85	0.78	0.89	0.94		0.57	-0.23	0.89	0.86	SAFE
CTO	0.37	0.36	0.49	0.31	0.47	0.57		-0.44	0.37	0.48	CTO
BRSP	-0.15	-0.21	-0.26	0.02	-0.08	-0.23	-0.44		-0.19	-0.48	BRSP
MDV	0.7	0.88	0.76	0.9	0.89	0.89	0.37	-0.19		0.74	MDV
GOODN	0.58	0.75	0.64	0.73	0.77	0.86	0.48	-0.48	0.74		GOODN
	MDV-PA	GNL-PB	NXDT-PA	EPRT	BNL	SAFE	CTO	BRSP	MDV	GOODN

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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

SAFE	+ 0.94	BNL
BNL	+ 0.93	EPRT
EPRT	+ 0.92	GNL-PB
MDV	+ 0.9	EPRT
SAFE	+ 0.89	EPRT
MDV	+ 0.89	BNL

High negative correlations

GOODN	- 0.48	BRSP
BRSP	- 0.44	CTO
BRSP	- 0.26	NXDT-PA
BRSP	- 0.23	SAFE
BRSP	- 0.21	GNL-PB
MDV	- 0.19	BRSP

Risk-Adjusted Indicators

There is a big difference between Armada Stock performing well and Armada Hflr 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 Armada Hflr'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
MDV-PA	0.46	0.10	0.01	1.06	0.53	(0.57)	1.59	(1.40)	5.32
GNL-PB	0.86	0.17	0.08	0.45	1.08	(0.88)	1.89	(2.26)	6.82
NXDT-PA	0.83	0.15	0.06	1.22	0.84	(0.92)	1.69	(1.66)	6.56
EPRT	0.92	0.16	0.10	0.32	1.14	(0.97)	2.04	(1.92)	6.39
BNL	0.89	0.16	0.11	0.36	0.83	(1.03)	1.95	(1.38)	7.11
SAFE	1.52	0.31	0.21	0.35	1.27	(1.80)	3.08	(2.55)	13.38
CTO	1.17	0.17	0.02	(0.86)	2.12	(1.30)	2.60	(1.74)	19.07
BRSP	1.60	(0.22)	0.00	(0.05)	0.00	0.00	3.31	(3.49)	11.03
MDV	1.44	0.20	0.09	0.38	1.68	(1.67)	3.52	(2.89)	10.69
GOODN	0.53	0.11	0.05	0.81	0.45	(0.65)	1.25	(0.74)	6.41

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