Modiv Correlations
MDV Stock | USD 17.14 0.17 0.98% |
The correlation of Modiv 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.
Modiv Correlation With Market
Average diversification
The correlation between Modiv Inc and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Modiv Inc and DJI in the same portfolio, assuming nothing else is changed.
Modiv |
Moving together with Modiv Stock
0.61 | CWK | Cushman Wakefield plc | PairCorr |
0.68 | FOR | Forestar Group Fiscal Year End 5th of November 2024 | PairCorr |
0.86 | FSV | FirstService Corp | PairCorr |
0.75 | HHH | Howard Hughes | PairCorr |
0.74 | IRS | IRSA Inversiones Y | PairCorr |
0.84 | JLL | Jones Lang LaSalle | PairCorr |
0.61 | RFL | Rafael Holdings Class | PairCorr |
0.67 | RDFN | Redfin Corp Buyout Trend | PairCorr |
0.8 | RMAX | Re Max Holding | PairCorr |
0.88 | CBRE | CBRE Group Class | PairCorr |
0.87 | CIGI | Colliers International | PairCorr |
Moving against Modiv Stock
0.81 | BHM | Bluerock Homes Trust | PairCorr |
0.37 | ARL | American Realty Investors | PairCorr |
0.71 | INTG | Intergroup | PairCorr |
0.58 | TCI | Transcontinental Realty | PairCorr |
0.52 | AIRE | reAlpha Tech Corp | PairCorr |
0.47 | SGD | Safe and Green Downward Rally | PairCorr |
0.42 | REAX | Real Brokerage | PairCorr |
0.34 | GIPR | Generationome Properties | PairCorr |
0.79 | RC | Ready Capital Corp | PairCorr |
0.75 | MDJH | MDJM | PairCorr |
0.57 | PW | Power REIT | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Modiv Stock performing well and Modiv 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 Modiv'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
ACNDF | 0.76 | 0.16 | 0.00 | 0.58 | 0.00 | 3.61 | 11.21 | |||
ASPZ | 7.46 | 0.81 | 0.03 | (0.98) | 10.35 | 35.42 | 94.68 | |||
ADPPF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
AZLCZ | 1.19 | 0.47 | 0.25 | 0.79 | 0.19 | 4.32 | 10.81 | |||
ABCP | 2.96 | 0.03 | 0.01 | 0.07 | 3.60 | 7.32 | 23.62 | |||
AANNF | 1.41 | 0.69 | 0.00 | (2.86) | 0.00 | 5.52 | 21.94 | |||
BREUF | 0.89 | 0.29 | 0.14 | 29.44 | 0.75 | 2.39 | 7.89 | |||
AGTK | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Modiv Corporate Management
William Broms | Chief Officer | Profile | |
Sandra Sciutto | Senior Officer | Profile | |
Pierre Bradshaw | VP Marketing | Profile | |
John Raney | Chief Counsel | Profile | |
Raymond Pacini | CFO, VP | Profile | |
David Collins | Head Management | Profile |