REALTY Correlations

756109AS3

91.17 5.73 5.91%

The current 90-days correlation between REALTY INCOME P and AEP TEX INC is -0.6 (i.e., Excellent diversification). The correlation of REALTY 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.

REALTY Correlation With Market

Average diversification

The correlation between REALTY INCOME P and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding REALTY INCOME P and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to REALTY could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace REALTY 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 REALTY - 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 REALTY INCOME P to buy it.

Moving together with REALTY Bond

0.81	90331HPL1	US BANK NATIONAL	Pair Corr
0.62	PG	Procter Gamble Earnings Call This Week	Pair Corr

Moving against REALTY Bond

0.56	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.43	HPQ	HP Inc Fiscal Year End 19th of November 2024	Pair Corr
0.41	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.34	BAC	Bank of America Earnings Call This Week	Pair Corr

Related Correlations Analysis

	00108WAF7	90331HPL1	BRK-A	S	VZ	HRB	RCUS	PGAS	LGL	JNJ
00108WAF7		0.35	0.52	0.48	0.39	0.65	0.68	0.0	0.39	0.6	00108WAF7
90331HPL1	0.35		0.33	0.27	0.17	0.39	0.19	0.2	0.09	0.44	90331HPL1
BRK-A	0.52	0.33		0.68	0.56	0.86	0.67	0.3	0.72	0.78	BRK-A
S	0.48	0.27	0.68		0.33	0.76	0.65	0.32	0.52	0.54	S
VZ	0.39	0.17	0.56	0.33		0.61	0.32	0.69	0.67	0.49	VZ
HRB	0.65	0.39	0.86	0.76	0.61		0.75	0.39	0.7	0.79	HRB
RCUS	0.68	0.19	0.67	0.65	0.32	0.75		-0.11	0.45	0.6	RCUS
PGAS	0.0	0.2	0.3	0.32	0.69	0.39	-0.11		0.44	0.21	PGAS
LGL	0.39	0.09	0.72	0.52	0.67	0.7	0.45	0.44		0.6	LGL
JNJ	0.6	0.44	0.78	0.54	0.49	0.79	0.6	0.21	0.6		JNJ
	00108WAF7	90331HPL1	BRK-A	S	VZ	HRB	RCUS	PGAS	LGL	JNJ

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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

HRB	+ 0.86	BRK-A
JNJ	+ 0.79	HRB
JNJ	+ 0.78	BRK-A
HRB	+ 0.76	S
RCUS	+ 0.75	HRB
LGL	+ 0.72	BRK-A

High negative correlations

PGAS	- 0.11	RCUS
PGAS	- 0.0	00108WAF7

Risk-Adjusted Indicators

There is a big difference between REALTY Bond performing well and REALTY Corporate Bond 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 REALTY'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
00108WAF7	1.19	0.18	0.05	(1.86)	1.28	(1.23)	2.21	(2.55)	7.77
90331HPL1	0.21	(0.04)	0.00	(0.38)	0.00	0.00	0.28	(0.38)	3.88
BRK-A	0.84	0.06	0.04	0.17	0.98	(0.94)	1.85	(1.85)	5.45
S	2.40	0.16	0.09	0.19	2.36	(2.88)	6.72	(4.18)	13.39
VZ	0.91	0.08	0.01	0.38	1.58	(0.83)	2.01	(2.10)	7.70
HRB	1.20	0.15	0.12	0.25	1.02	(1.51)	2.28	(1.63)	15.17
RCUS	2.86	0.20	0.10	0.18	2.87	(3.36)	7.37	(4.84)	20.35
PGAS	10.36	4.04	0.00	(8.99)	0.00	0.00	0.00	0.00	335.71
LGL	2.72	0.24	0.05	0.60	3.23	(3.39)	5.89	(6.67)	20.78
JNJ	0.77	0.13	0.06	0.76	0.72	(0.83)	2.10	(1.42)	5.84

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Our tools can tell you how much better you can do entering a position in REALTY 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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