Clipper Realty Correlations

CLPR Stock

USD 3.66 0.01 0.27%

The current 90-days correlation between Clipper Realty and Offerpad Solutions is 0.21 (i.e., Modest diversification). The correlation of Clipper Realty 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.

Clipper Realty Correlation With Market

Significant diversification

The correlation between Clipper Realty and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clipper Realty and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Clipper Stock

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

To learn how to invest in Clipper Stock, please use our How to Invest in Clipper Realty guide.

Moving together with Clipper Stock

0.66	AVB	AvalonBay Communities	Pair Corr
0.71	EQR	Equity Residential	Pair Corr
0.69	NXRT	Nexpoint Residential	Pair Corr
0.62	OPINL	Office Properties Income	Pair Corr
0.7	AAME	Atlantic American	Pair Corr

Moving against Clipper Stock

0.59	LVMHF	LVMH Mot Hennessy	Pair Corr
0.48	GLBS	Globus Maritime	Pair Corr
0.73	CMI	Cummins	Pair Corr
0.71	ELTK	Eltek Earnings Call Today	Pair Corr
0.64	TTUUF	Tokyu Fudosan Holdings	Pair Corr
0.6	ITIC	Investors Title	Pair Corr
0.58	SIMO	Silicon Motion Technology	Pair Corr
0.57	USSHF	Uniserve Communications	Pair Corr
0.56	NPKI	NPK International Symbol Change	Pair Corr
0.5	MAG	MAG Silver Corp	Pair Corr
0.48	FICO	Fair Isaac	Pair Corr
0.39	PGEZF	Group Ten Metals	Pair Corr
0.59	NUAI	New Era Energy Symbol Change	Pair Corr
0.53	OPST	Opt Sciences Corp	Pair Corr
0.49	SID	Companhia Siderurgica	Pair Corr
0.48	TCEHY	Tencent Holdings	Pair Corr
0.41	TEN-PE	Tsakos Energy Navigation Earnings Call This Week	Pair Corr
0.38	XPNGF	XPeng Inc	Pair Corr

Related Correlations Analysis

	LOAN	SELF	BHM	SACH	SCCF	OPAD	AFCG	SCCG	SOHO	RFL
LOAN		0.09	0.66	0.46	0.01	0.51	0.54	0.08	-0.81	0.45	LOAN
SELF	0.09		0.6	0.56	-0.35	0.54	0.65	-0.33	-0.32	0.52	SELF
BHM	0.66	0.6		0.76	-0.38	0.58	0.75	-0.28	-0.82	0.53	BHM
SACH	0.46	0.56	0.76		-0.24	0.62	0.81	-0.27	-0.59	0.44	SACH
SCCF	0.01	-0.35	-0.38	-0.24		0.12	-0.08	0.75	0.19	-0.34	SCCF
OPAD	0.51	0.54	0.58	0.62	0.12		0.83	0.06	-0.58	0.26	OPAD
AFCG	0.54	0.65	0.75	0.81	-0.08	0.83		-0.09	-0.66	0.55	AFCG
SCCG	0.08	-0.33	-0.28	-0.27	0.75	0.06	-0.09		0.17	-0.32	SCCG
SOHO	-0.81	-0.32	-0.82	-0.59	0.19	-0.58	-0.66	0.17		-0.44	SOHO
RFL	0.45	0.52	0.53	0.44	-0.34	0.26	0.55	-0.32	-0.44		RFL
	LOAN	SELF	BHM	SACH	SCCF	OPAD	AFCG	SCCG	SOHO	RFL

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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

AFCG	+ 0.83	OPAD
AFCG	+ 0.81	SACH
SACH	+ 0.76	BHM
AFCG	+ 0.75	BHM
SCCG	+ 0.75	SCCF
BHM	+ 0.66	LOAN

High negative correlations

SOHO	- 0.82	BHM
SOHO	- 0.81	LOAN
SOHO	- 0.66	AFCG
SOHO	- 0.59	SACH
SOHO	- 0.58	OPAD
RFL	- 0.44	SOHO

Risk-Adjusted Indicators

There is a big difference between Clipper Stock performing well and Clipper Realty 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 Clipper Realty'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
LOAN	0.87	(0.24)	0.00	(1.46)	0.00	0.00	1.35	(2.68)	6.85
SELF	0.75	0.01	(0.03)	0.08	0.91	(0.84)	1.63	(1.68)	4.50
BHM	1.67	(0.47)	0.00	0.96	0.00	0.00	2.78	(5.04)	10.86
SACH	2.17	(0.07)	0.00	(0.05)	0.00	0.00	4.67	(3.60)	18.53
SCCF	0.44	0.08	0.06	0.30	0.51	(0.53)	1.29	(0.74)	4.36
OPAD	10.03	1.50	0.20	0.23	7.94	(15.41)	19.48	(16.83)	161.15
AFCG	2.65	(0.38)	0.00	3.64	0.00	0.00	5.71	(5.85)	25.14
SCCG	0.45	0.04	0.00	0.33	0.50	(0.52)	1.18	(0.85)	3.27
SOHO	5.66	2.35	0.79	0.61	1.85	(8.19)	10.13	(4.21)	142.04
RFL	2.73	(0.44)	0.00	(0.30)	0.00	0.00	7.46	(6.12)	26.00

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