Modiv Correlations

MDV Stock

USD 15.08 0.85 5.34%

The current 90-days correlation between Modiv Inc and NexPoint Strategic Opportunities is 0.39 (i.e., Weak diversification). 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

Very weak diversification

The correlation between Modiv Inc and DJI is 0.49 (i.e., Very weak 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.

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

Moving together with Modiv Stock

0.7

VRE

Veris Residential

Pair Corr

Moving against Modiv Stock

0.73	FTHM	Fathom Holdings	Pair Corr
0.72	ONL	Orion Office Reit	Pair Corr
0.7	OMH	Ohmyhome Limited Ordinary	Pair Corr
0.68	FOR	Forestar Group	Pair Corr
0.68	IRS	IRSA Inversiones Y	Pair Corr
0.65	EXPI	eXp World Holdings	Pair Corr
0.65	LRE	Lead Real Estate	Pair Corr
0.64	FSV	FirstService Corp	Pair Corr
0.63	CWK	Cushman Wakefield plc	Pair Corr
0.58	MLP	Maui Land Pineapple	Pair Corr
0.52	UK	Ucommune International	Pair Corr
0.51	ARL	American Realty Investors	Pair Corr
0.48	FRPH	Frp Holdings Ord	Pair Corr
0.36	VTMX	Corporacin Inmobiliaria	Pair Corr
0.31	CBL	CBL Associates Properties	Pair Corr
0.75	OPEN	Opendoor Technologies	Pair Corr
0.72	SRG	Seritage Growth Prop	Pair Corr
0.72	LSEA	Landsea Homes Corp	Pair Corr
0.71	OPAD	Offerpad Solutions	Pair Corr
0.7	NXDT	NexPoint Strategic	Pair Corr
0.69	MAYS	J W Mays	Pair Corr
0.66	GIPR	Generationome Properties	Pair Corr
0.66	GYRO	Gyrodyne Company	Pair Corr
0.65	SQFT	Presidio Property Trust Earnings Call This Week	Pair Corr
0.63	RMAX	Re Max Holding	Pair Corr
0.6	RMR	RMR Group	Pair Corr
0.55	AIRE	reAlpha Tech Corp	Pair Corr

Related Correlations Analysis

	SQFT	MDRR	RTLPO	GOOD	GOODN	NXDT	CTO	BNL	AHH-PA
SQFT		0.42	0.0	0.59	-0.53	0.88	0.06	-0.64	-0.07	SQFT
MDRR	0.42		0.0	0.07	-0.22	0.28	-0.21	-0.04	0.41	MDRR
RTLPO	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	RTLPO
GOOD	0.59	0.07	0.0		-0.45	0.84	0.34	-0.66	-0.22	GOOD
GOODN	-0.53	-0.22	0.0	-0.45		-0.57	0.01	0.52	0.25	GOODN
NXDT	0.88	0.28	0.0	0.84	-0.57		0.23	-0.8	-0.18	NXDT
CTO	0.06	-0.21	0.0	0.34	0.01	0.23		-0.45	-0.37	CTO
BNL	-0.64	-0.04	0.0	-0.66	0.52	-0.8	-0.45		0.46	BNL
AHH-PA	-0.07	0.41	0.0	-0.22	0.25	-0.18	-0.37	0.46		AHH-PA
	SQFT	MDRR	RTLPO	GOOD	GOODN	NXDT	CTO	BNL	AHH-PA

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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

NXDT	+ 0.88	SQFT
NXDT	+ 0.84	GOOD
GOOD	+ 0.59	SQFT
BNL	+ 0.52	GOODN
AHH-PA	+ 0.46	BNL
MDRR	+ 0.42	SQFT

High negative correlations

BNL	- 0.8	NXDT
BNL	- 0.66	GOOD
BNL	- 0.64	SQFT
NXDT	- 0.57	GOODN
GOODN	- 0.53	SQFT
BNL	- 0.45	CTO

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
SQFT	2.56	(0.47)	0.00	(3.18)	0.00	0.00	5.17	(5.97)	25.59
MDRR	1.85	(0.13)	0.00	(0.64)	0.00	0.00	4.77	(3.70)	10.33
RTLPO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GOOD	0.94	(0.07)	0.00	(0.25)	0.00	0.00	1.77	(2.23)	5.47
GOODN	0.61	0.03	0.17	(0.01)	0.86	(0.63)	1.34	(0.89)	4.01
NXDT	1.98	(0.58)	0.00	(0.59)	0.00	0.00	3.13	(5.24)	14.98
CTO	1.14	(0.03)	0.00	(0.24)	0.00	0.00	1.96	(2.99)	7.92
BNL	1.13	0.18	0.17	0.13	1.34	(1.22)	2.16	(2.35)	5.53
AHH-PA	0.72	0.03	0.00	(0.05)	0.00	0.00	1.98	(1.35)	5.50

Modiv Corporate Management

William Broms	Chief Officer	Profile
Sandra Sciutto	Senior Officer	Profile
Pierre Bradshaw	VP Marketing	Profile
John Raney	Chief Counsel	Profile
Sara Grisham	Senior Accounting	Profile
Raymond Pacini	CFO, VP	Profile
David Collins	Head Management	Profile

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