Redfin Corp Correlations
| RDFN Stock | USD 9.51 0.02 0.21% |
The current 90-days correlation between Redfin Corp and Offerpad Solutions is 0.13 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Redfin Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Redfin Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Redfin Corp Correlation With Market
Good diversification
The correlation between Redfin Corp and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Redfin Corp and DJI in the same portfolio, assuming nothing else is changed.
Moving against Redfin Stock
| 0.53 | ONL | Orion Office Reit | PairCorr |
| 0.51 | FSV | FirstService Corp | PairCorr |
| 0.5 | OMH | Ohmyhome Limited Ordinary | PairCorr |
| 0.48 | FRPH | Frp Holdings Ord Earnings Call This Week | PairCorr |
| 0.37 | LRE | Lead Real Estate | PairCorr |
| 0.35 | MMI | Marcus Millichap Earnings Call This Week | PairCorr |
| 0.34 | ARL | American Realty Investors Earnings Call This Week | PairCorr |
| 0.34 | MLP | Maui Land Pineapple | PairCorr |
| 0.31 | ZG | Zillow Group Earnings Call This Week | PairCorr |
| 0.57 | MAYS | J W Mays | PairCorr |
| 0.51 | REAX | Real Brokerage | PairCorr |
| 0.47 | NXDT | NexPoint Strategic Earnings Call This Week | PairCorr |
| 0.43 | SQFT | Presidio Property Trust | PairCorr |
| 0.36 | NMRK | Newmark Group | PairCorr |
| 0.33 | ALBT | Avalon GloboCare Corp | PairCorr |
| 0.31 | RMR | RMR Group | 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 Redfin Stock performing well and Redfin Corp 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 Redfin Corp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OPAD | 3.79 | (0.90) | 0.00 | (1.41) | 0.00 | 9.80 | 35.57 | |||
| WE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EXPI | 1.96 | (0.20) | 0.00 | (0.36) | 0.00 | 3.33 | 12.34 | |||
| OMH | 6.40 | 0.44 | 0.07 | (0.55) | 8.44 | 10.59 | 93.61 | |||
| REAX | 2.55 | (0.05) | 0.00 | (0.21) | 0.00 | 4.95 | 13.75 | |||
| OPEN | 3.82 | (0.80) | 0.00 | (0.95) | 0.00 | 6.45 | 27.52 | |||
| RMAX | 2.24 | (0.29) | 0.00 | (0.45) | 0.00 | 4.32 | 13.10 | |||
| HOUS | 3.46 | 0.22 | 0.04 | 0.03 | 3.95 | 7.79 | 16.80 | |||
| DOMA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Redfin Corp Corporate Management
| Jonathan Ziglar | LLC RentPath | Profile | |
| Jason Aleem | Chief Services | Profile | |
| Brett McGovern | Chief Loans | Profile | |
| Christian Taubman | Chief Officer | Profile | |
| Anna Stevens | Chief Officer | Profile |