J W Correlations

MAYS Stock

USD 39.79 1.00 2.58%

The current 90-days correlation between J W Mays and Maui Land Pineapple is 0.19 (i.e., Average diversification). The correlation of J W 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.

J W Correlation With Market

Good diversification

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

Build AI portfolio with MAYS Stock

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

Moving together with MAYS Stock

0.67	KW	Kennedy Wilson Holdings	Pair Corr
0.62	EXPI	eXp World Holdings	Pair Corr
0.77	CWK	Cushman Wakefield plc	Pair Corr
0.84	FRPH	Frp Holdings Ord Potential Growth	Pair Corr
0.63	FTHM	Fathom Holdings	Pair Corr
0.75	JLL	Jones Lang LaSalle	Pair Corr
0.81	MLP	Maui Land Pineapple Earnings Call This Week	Pair Corr
0.77	MMI	Marcus Millichap	Pair Corr
0.88	ONL	Orion Office Reit Earnings Call This Week	Pair Corr
0.68	RFL	Rafael Holdings,	Pair Corr
0.79	RMR	RMR Group	Pair Corr
0.63	GYRO	Gyrodyne Company	Pair Corr
0.62	MRNO	Murano Global Investments	Pair Corr
0.83	NMRK	Newmark Group	Pair Corr
0.83	NXDT	NexPoint Strategic	Pair Corr
0.69	OPAD	Offerpad Solutions	Pair Corr
0.76	OPEN	Opendoor Technologies	Pair Corr
0.77	REAX	Real Brokerage	Pair Corr
0.69	RMAX	Re Max Holding	Pair Corr
0.78	AIRE	reAlpha Tech Corp	Pair Corr
0.72	STHO	Star Holdings	Pair Corr

Moving against MAYS Stock

0.54	RDFN	Redfin Corp	Pair Corr
0.41	GIPRW	Generation Income	Pair Corr
0.39	LB	LandBridge Company	Pair Corr

Related Correlations Analysis

	NEN	MMI	FSV	MLP	FRPH	TCI	HOUS	RMAX	CPTP
NEN		-0.02	0.16	0.04	0.09	-0.18	0.16	0.16	0.0	NEN
MMI	-0.02		0.35	0.95	0.92	-0.24	0.59	0.86	0.0	MMI
FSV	0.16	0.35		0.27	0.51	0.0	0.47	0.34	0.0	FSV
MLP	0.04	0.95	0.27		0.9	-0.35	0.55	0.9	0.0	MLP
FRPH	0.09	0.92	0.51	0.9		-0.22	0.64	0.89	0.0	FRPH
TCI	-0.18	-0.24	0.0	-0.35	-0.22		0.18	-0.33	0.0	TCI
HOUS	0.16	0.59	0.47	0.55	0.64	0.18		0.71	0.0	HOUS
RMAX	0.16	0.86	0.34	0.9	0.89	-0.33	0.71		0.0	RMAX
CPTP	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CPTP
	NEN	MMI	FSV	MLP	FRPH	TCI	HOUS	RMAX	CPTP

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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

MLP	+ 0.95	MMI
FRPH	+ 0.92	MMI
FRPH	+ 0.9	MLP
RMAX	+ 0.9	MLP
RMAX	+ 0.89	FRPH
RMAX	+ 0.86	MMI

High negative correlations

TCI	- 0.35	MLP
RMAX	- 0.33	TCI
TCI	- 0.24	MMI
TCI	- 0.22	FRPH
TCI	- 0.18	NEN
MMI	- 0.02	NEN

Risk-Adjusted Indicators

There is a big difference between MAYS Stock performing well and J W 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 J W'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
NEN	1.31	(0.01)	0.07	(0.06)	1.49	(1.99)	3.74	(2.84)	12.42
MMI	1.60	(0.21)	0.00	(0.37)	0.00	0.00	2.60	(3.82)	12.73
FSV	1.18	0.02	0.00	(0.08)	0.00	0.00	2.10	(2.68)	8.00
MLP	2.00	(0.42)	0.00	6.34	0.00	0.00	3.41	(5.70)	14.66
FRPH	1.15	(0.10)	0.00	(0.32)	0.00	0.00	2.49	(3.19)	7.80
TCI	1.48	0.31	0.19	0.48	1.50	(1.87)	5.10	(2.62)	15.38
HOUS	3.29	0.24	0.05	0.09	3.71	(3.74)	7.79	(6.37)	16.80
RMAX	2.23	(0.29)	0.00	2.38	0.00	0.00	4.32	(4.77)	13.10
CPTP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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