Smart REIT Correlations

CWYUF Stock  USD 18.90  0.03  0.16%   
The current 90-days correlation between Smart REIT and CT Real Estate is 0.01 (i.e., Significant diversification). The correlation of Smart 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.

Smart REIT Correlation With Market

Modest diversification

The correlation between Smart 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 Smart REIT and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Smart 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 Smart 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 Smart 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 Smart REIT to buy it.

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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   
PMREFCTRRF
RIOCFCTRRF
PMREFRIOCF
PAZRFCTRRF
PMREFPAZRF
PAZRFRIOCF
  
High negative correlations   
PAZRFSPG-PJ
RIOCFSPG-PJ
SPG-PJCTRRF
PMREFSPG-PJ
PAZRFPECO
SPG-PJSRRTF

Risk-Adjusted Indicators

There is a big difference between Smart Pink Sheet performing well and Smart 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 Smart 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Smart 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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Smart REIT Corporate Management

Rudy GobinExecutive VP of Portfolio Management and Investments and Member of Real Estate CommitteeProfile
Allan ScullyEx DevelProfile
Julia MokDirector AccountingProfile
Erin ShirleyDirector ManagementProfile
Mitchell GoldharTrusteeProfile
Mauro PambianchiChief Devel. OfficerProfile
Peter CAChief OfficerProfile