Keppel REIT Correlations

KREVF Stock

USD 0.78 0.04 4.88%

The correlation of Keppel REIT 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.

Keppel REIT Correlation With Market

Significant diversification

The correlation between Keppel REIT and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Keppel REIT and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Keppel REIT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Keppel REIT 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 Keppel REIT - 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 Keppel REIT to buy it.

Moving together with Keppel Pink Sheet

0.65	MRVGF	Mirvac Group	Pair Corr
0.62	CMWCF	Cromwell Property	Pair Corr

Moving against Keppel Pink Sheet

0.74	JREIF	Japan Real Estate	Pair Corr
0.39	DLR-PK	Digital Realty Trust	Pair Corr
0.76	TKO	TKO Group Holdings	Pair Corr
0.64	XHR	Xenia Hotels Resorts	Pair Corr
0.61	LOB	Live Oak Bancshares	Pair Corr
0.61	HG	Hamilton Insurance	Pair Corr
0.6	TJX	TJX Companies	Pair Corr
0.49	FSBC	Five Star Bancorp Earnings Call This Week	Pair Corr
0.43	IBOC	International Bancshares	Pair Corr
0.4	BMNM	Bimini Capital Management Upward Rally	Pair Corr
0.65	PNC	PNC Financial Services	Pair Corr
0.61	CCHGY	Coca Cola HBC	Pair Corr
0.59	ORLA	Orla Mining	Pair Corr
0.51	GEFB	Greif Inc	Pair Corr
0.5	MRK	Merck Company	Pair Corr
0.4	HVT	Haverty Furniture	Pair Corr

Related Correlations Analysis

	ADZZF	DWVYF	KPDCF	FRZCF	IMQCF	FCXXF	FSRPF	FRLOF	CWYUF	CTRRF
ADZZF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ADZZF
DWVYF	0.0		0.0	0.0	-1.0	0.0	0.0	0.0	0.0	0.0	DWVYF
KPDCF	0.0	0.0		0.23	0.0	-0.25	-0.61	-0.34	-0.27	-0.19	KPDCF
FRZCF	0.0	0.0	0.23		0.0	0.19	-0.15	-0.15	0.1	0.2	FRZCF
IMQCF	0.0	-1.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	IMQCF
FCXXF	0.0	0.0	-0.25	0.19	0.0		0.31	0.27	0.52	0.74	FCXXF
FSRPF	0.0	0.0	-0.61	-0.15	0.0	0.31		0.63	0.06	0.23	FSRPF
FRLOF	0.0	0.0	-0.34	-0.15	0.0	0.27	0.63		-0.13	-0.06	FRLOF
CWYUF	0.0	0.0	-0.27	0.1	0.0	0.52	0.06	-0.13		0.75	CWYUF
CTRRF	0.0	0.0	-0.19	0.2	0.0	0.74	0.23	-0.06	0.75		CTRRF
	ADZZF	DWVYF	KPDCF	FRZCF	IMQCF	FCXXF	FSRPF	FRLOF	CWYUF	CTRRF

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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

CTRRF	+ 0.75	CWYUF
CTRRF	+ 0.74	FCXXF
FRLOF	+ 0.63	FSRPF
CWYUF	+ 0.52	FCXXF
FSRPF	+ 0.31	FCXXF
FRLOF	+ 0.27	FCXXF

High negative correlations

IMQCF	- 1.0	DWVYF
FSRPF	- 0.61	KPDCF
FRLOF	- 0.34	KPDCF
CWYUF	- 0.27	KPDCF
FCXXF	- 0.25	KPDCF
CTRRF	- 0.19	KPDCF

Risk-Adjusted Indicators

There is a big difference between Keppel Pink Sheet performing well and Keppel REIT 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 Keppel REIT'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
ADZZF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DWVYF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KPDCF	2.16	0.21	(0.01)	(0.02)	4.14	(10.22)	6.94	(5.14)	43.81
FRZCF	0.53	(0.02)	0.00	1.52	0.00	0.00	0.57	0.00	11.74
IMQCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FCXXF	0.33	0.02	(0.03)	(0.39)	0.69	(1.23)	1.30	(0.80)	6.06
FSRPF	0.26	0.04	0.00	0.25	0.00	0.00	0.00	0.00	6.33
FRLOF	1.09	0.11	0.00	0.19	0.00	0.00	3.95	0.00	23.80
CWYUF	0.64	0.06	0.00	0.25	0.88	(0.63)	1.19	(1.32)	4.06
CTRRF	0.27	(0.01)	(0.07)	1.83	0.47	(1.11)	1.02	(1.03)	3.37

Be your own money manager

Our tools can tell you how much better you can do entering a position in Keppel REIT 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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