Mid America Correlations
| M2K Stock | EUR 138.00 3.65 2.72% |
The current 90-days correlation between Mid America Apartment and Commercial Vehicle Group is 0.13 (i.e., Average diversification). The correlation of Mid America 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.
Mid America Correlation With Market
Poor diversification
The correlation between Mid America Apartment Communit and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mid America Apartment Communit and DJI in the same portfolio, assuming nothing else is changed.
Mid |
The ability to find closely correlated positions to Mid America could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mid America 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 Mid America - 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 Mid America Apartment Communities to buy it.
Moving together with Mid Stock
| 0.65 | WV8 | AvalonBay Communities Earnings Call This Week | PairCorr |
| 0.94 | UF0 | UDR Inc | PairCorr |
| 0.86 | 4IV | INVITATION HOMES | PairCorr |
| 0.79 | SCZ | Sun Communities | PairCorr |
| 0.92 | EXP | Essex Property Trust | PairCorr |
| 0.64 | MHV | Equity LifeStyle Pro Earnings Call Tomorrow | PairCorr |
| 0.69 | A4XA | American Homes 4 | PairCorr |
| 0.94 | CAL | Camden Property Trust | PairCorr |
| 0.74 | E908 | Lyxor 1 | PairCorr |
| 0.77 | DBPE | Xtrackers LevDAX | PairCorr |
Moving against Mid Stock
| 0.7 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.44 | 5QN | FORTUNE BAY P | PairCorr |
| 0.41 | UUEC | UNITED UTILITIES | PairCorr |
| 0.38 | RNF | Meteoric Resources | PairCorr |
Related Correlations Analysis
| 0.44 | 0.55 | 0.43 | 0.74 | 0.53 | 0.3 | 44B | ||
| 0.44 | 0.72 | 1.0 | 0.58 | 0.93 | 0.9 | WN6 | ||
| 0.55 | 0.72 | 0.72 | 0.56 | 0.68 | 0.61 | 47X | ||
| 0.43 | 1.0 | 0.72 | 0.56 | 0.92 | 0.91 | WN6 | ||
| 0.74 | 0.58 | 0.56 | 0.56 | 0.71 | 0.43 | 8AHB | ||
| 0.53 | 0.93 | 0.68 | 0.92 | 0.71 | 0.77 | FDU | ||
| 0.3 | 0.9 | 0.61 | 0.91 | 0.43 | 0.77 | 1NN | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Mid Stock performing well and Mid America 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 Mid America'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 44B | 2.47 | 0.00 | 0.03 | (0.14) | 4.03 | 4.29 | 22.36 | |||
| WN6 | 1.72 | (0.33) | 0.00 | (14.69) | 0.00 | 2.67 | 13.87 | |||
| 47X | 1.31 | 0.04 | 0.07 | 0.37 | 1.49 | 3.08 | 9.52 | |||
| WN6 | 1.60 | (0.29) | 0.00 | (1.71) | 0.00 | 2.60 | 13.54 | |||
| 8AHB | 2.39 | (0.23) | 0.00 | 1.32 | 0.00 | 3.94 | 20.59 | |||
| FDU | 3.49 | (1.38) | 0.00 | (18.95) | 0.00 | 5.77 | 25.16 | |||
| 1NN | 1.61 | (0.06) | 0.00 | 0.20 | 0.00 | 4.87 | 15.79 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Mid America 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.Did you try this?
Run Performance Analysis Now
Performance AnalysisCheck effects of mean-variance optimization against your current asset allocation |
| All Next | Launch Module |
Mid America Corporate Management
Elected by the shareholders, the Mid America's board of directors comprises two types of representatives: Mid America inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mid. The board's role is to monitor Mid America's management team and ensure that shareholders' interests are well served. Mid America'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, Mid America's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Warren Davis | Sales Revenue | Profile | |
| Adrian Hill | Ex Officer | Profile | |
| Joseph CPA | Chief VP | Profile | |
| JD Esq | Chief VP | Profile | |
| Clay Holder | Chief Accounting Officer, Principal Accounting Officer | Profile |