Mid America Correlations

MAA Stock

USD 136.70 0.44 0.32%

The current 90-days correlation between Mid America Apartment and AvalonBay Communities is 0.9 (i.e., Almost no 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

Very weak diversification

The correlation between Mid America Apartment Communit and DJI is 0.48 (i.e., Very weak 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.

Build AI portfolio with Mid Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mid America Apartment Communities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Mid Stock

0.75	AIV	Apartment Investment and	Pair Corr
0.85	AVB	AvalonBay Communities	Pair Corr
0.84	EQR	Equity Residential	Pair Corr
0.62	BKRKF	PT Bank Rakyat	Pair Corr
0.84	PBCRF	PT Bank Central	Pair Corr

Moving against Mid Stock

0.75	ARGX	argenx NV ADR	Pair Corr
0.48	PTBRY	Bank Negara Indonesia	Pair Corr
0.37	WF	Woori Financial Group	Pair Corr
0.75	NYMTL	New York Mortgage Symbol Change	Pair Corr
0.74	EMPG	Empro Group Ordinary	Pair Corr
0.7	TYFG	Tri County Financial	Pair Corr
0.68	HROWL	Harrow Health 8625	Pair Corr
0.65	LUGDF	Lundin Gold	Pair Corr
0.64	CTNT	Cheetah Net Supply	Pair Corr
0.55	RR	Richtech Robotics Class Trending	Pair Corr
0.54	GEOUF	Golden Energy Offshore	Pair Corr
0.52	HOVR	New Horizon Aircraft	Pair Corr
0.47	CIM-PA	Chimera Investment	Pair Corr
0.45	IONQ	IONQ Inc Aggressive Push	Pair Corr
0.43	QBTS	D Wave Quantum Buyout Trend	Pair Corr
0.37	CMPX	Compass Therapeutics	Pair Corr
0.36	INOD	Innodata Tech Boost	Pair Corr
0.35	ALVLF	Big Ridge Gold	Pair Corr
0.7	SNN	Smith Nephew SNATS	Pair Corr
0.66	SPNUF	Spirent Communications	Pair Corr
0.64	OZFRY	OFX Group	Pair Corr
0.55	IVR-PC	Invesco Mortgage Capital	Pair Corr
0.55	FBTT	First Bankers Trustshares	Pair Corr
0.54	AGNC	AGNC Investment Corp	Pair Corr

Related Correlations Analysis

	AVB	ESS	EQR	UDR	CPT	NXRT
AVB		0.97	0.95	0.72	0.89	0.83	AVB
ESS	0.97		0.91	0.76	0.9	0.75	ESS
EQR	0.95	0.91		0.7	0.9	0.9	EQR
UDR	0.72	0.76	0.7		0.91	0.58	UDR
CPT	0.89	0.9	0.9	0.91		0.82	CPT
NXRT	0.83	0.75	0.9	0.58	0.82		NXRT
	AVB	ESS	EQR	UDR	CPT	NXRT

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
AVB	0.96	(0.14)	(0.08)	1.97	(1.48)	7.30
ESS	1.08	(0.16)	(0.09)	2.02	(1.94)	10.29
EQR	0.94	(0.13)	(0.07)	1.89	(1.73)	6.02
UDR	0.95	(0.20)	(0.20)	1.77	(1.81)	4.90
CPT	0.97	(0.18)	(0.13)	2.05	(2.26)	5.41
NXRT	1.27	(0.16)	(0.05)	2.27	(2.43)	7.78

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