| TRTX Stock | | | USD 8.36 0.08 0.97% |
The current 90-days correlation between TPG RE Finance and Blackstone Mortgage Trust is 0.6 (i.e., Poor diversification). The correlation of TPG RE 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.
TPG RE Correlation With Market
Significant diversification
The correlation between TPG RE Finance and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TPG RE Finance and DJI in the same portfolio, assuming nothing else is changed.
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