Riocan REIT Correlations

RIOCF Stock

USD 13.10 0.16 1.24%

The current 90-days correlation between Riocan REIT and Smart REIT is 0.44 (i.e., Very weak diversification). The correlation of Riocan REIT 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.

Riocan REIT Correlation With Market

Modest diversification

The correlation between Riocan REIT and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Riocan REIT and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Riocan REIT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Riocan REIT when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Riocan REIT - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Riocan REIT to buy it.

Moving together with Riocan Pink Sheet

0.91	KB	KB Financial Group	Pair Corr
0.9	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.88	WF	Woori Financial Group Earnings Call Tomorrow	Pair Corr
0.9	PTHL	Pheton Holdings	Pair Corr
0.7	FPAFF	First Pacific	Pair Corr
0.67	LTRY	Lottery, Common Stock	Pair Corr
0.62	INTC	Intel Earnings Call This Week	Pair Corr
0.77	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.88	CAT	Caterpillar	Pair Corr
0.72	MMM	3M Company	Pair Corr
0.87	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.83	CVX	Chevron Corp	Pair Corr
0.81	BA	Boeing Earnings Call This Week	Pair Corr
0.87	BAC	Bank of America	Pair Corr
0.88	CSCO	Cisco Systems	Pair Corr
0.86	PFE	Pfizer Inc	Pair Corr
0.85	DIS	Walt Disney	Pair Corr
0.78	AA	Alcoa Corp	Pair Corr
0.63	XOM	Exxon Mobil Corp	Pair Corr
0.85	GE	GE Aerospace Earnings Call Today	Pair Corr

Moving against Riocan Pink Sheet

0.35	OPINL	Office Properties Income Earnings Call This Week	Pair Corr
0.44	VZ	Verizon Communications Aggressive Push	Pair Corr
0.43	PG	Procter Gamble Earnings Call This Week	Pair Corr

Related Correlations Analysis

	CWYUF	SRRTF	PPRQF	FRMUF	PMREF	CDPYF	KEYUF	ARESF	ATGFF
CWYUF		0.77	0.26	0.56	0.89	0.96	0.48	0.5	0.24	CWYUF
SRRTF	0.77		0.43	0.55	0.78	0.73	0.39	0.27	-0.28	SRRTF
PPRQF	0.26	0.43		0.31	0.3	0.27	0.07	0.14	-0.1	PPRQF
FRMUF	0.56	0.55	0.31		0.46	0.5	0.12	0.17	-0.02	FRMUF
PMREF	0.89	0.78	0.3	0.46		0.89	0.55	0.52	0.16	PMREF
CDPYF	0.96	0.73	0.27	0.5	0.89		0.5	0.54	0.35	CDPYF
KEYUF	0.48	0.39	0.07	0.12	0.55	0.5		0.8	0.21	KEYUF
ARESF	0.5	0.27	0.14	0.17	0.52	0.54	0.8		0.39	ARESF
ATGFF	0.24	-0.28	-0.1	-0.02	0.16	0.35	0.21	0.39		ATGFF
	CWYUF	SRRTF	PPRQF	FRMUF	PMREF	CDPYF	KEYUF	ARESF	ATGFF

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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

CDPYF	+ 0.96	CWYUF
PMREF	+ 0.89	CWYUF
CDPYF	+ 0.89	PMREF
ARESF	+ 0.8	KEYUF
PMREF	+ 0.78	SRRTF
SRRTF	+ 0.77	CWYUF

High negative correlations

ATGFF	- 0.28	SRRTF
ATGFF	- 0.1	PPRQF
ATGFF	- 0.02	FRMUF

Risk-Adjusted Indicators

There is a big difference between Riocan Pink Sheet performing well and Riocan REIT 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 Riocan REIT'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
CWYUF	0.53	0.08	(0.03)	0.51	0.50	(0.72)	1.52	(1.06)	4.45
SRRTF	0.72	0.17	0.01	(0.60)	0.80	(0.81)	1.86	(1.62)	4.52
PPRQF	1.14	0.20	0.01	(0.54)	2.10	(2.15)	2.02	(1.51)	20.46
FRMUF	0.85	0.09	(0.01)	1.62	1.06	(2.11)	3.58	(2.33)	10.45
PMREF	0.55	0.22	0.05	(1.42)	0.00	(2.49)	2.88	(0.62)	7.92
CDPYF	0.96	0.21	0.10	0.85	0.62	(1.28)	3.01	(1.44)	7.02
KEYUF	0.82	0.16	0.01	(0.97)	0.92	(0.93)	2.16	(1.51)	8.50
ARESF	1.18	0.33	0.06	(1.05)	1.15	(2.33)	2.69	(2.50)	17.46
ATGFF	0.81	0.05	(0.06)	0.67	1.01	(0.83)	1.71	(1.69)	4.67

Be your own money manager

Our tools can tell you how much better you can do entering a position in Riocan REIT without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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