Anywhere Real Correlations

HOUS Stock  USD 4.00  0.03  0.74%   
The current 90-days correlation between Anywhere Real Estate and Real Brokerage is -0.06 (i.e., Good diversification). The correlation of Anywhere Real 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.

Anywhere Real Correlation With Market

Significant diversification

The correlation between Anywhere Real Estate and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Anywhere Real Estate and DJI in the same portfolio, assuming nothing else is changed.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Anywhere Real Estate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Anywhere Stock

  0.73OZ Belpointe PREP LLCPairCorr
  0.68BHM Bluerock Homes TrustPairCorr
  0.75CBL CBL Associates PropertiesPairCorr
  0.81CWK Cushman Wakefield plcPairCorr
  0.63FOR Forestar GroupPairCorr
  0.73FSV FirstService Corp Earnings Call This WeekPairCorr
  0.62FTHM Fathom HoldingsPairCorr
  0.7JLL Jones Lang LaSallePairCorr
  0.69ONL Orion Office ReitPairCorr
  0.64TCI Transcontinental RealtyPairCorr
  0.7NMRK Newmark Group Potential GrowthPairCorr
  0.73DX Dynex Capital Earnings Call This WeekPairCorr
  0.73FR First Industrial RealtyPairCorr
  0.66PK Park Hotels ResortsPairCorr
  0.63UE Urban Edge PropertiesPairCorr
  0.67AHT-PH Ashford Hospitality TrustPairCorr
  0.64AHT-PI Ashford Hospitality TrustPairCorr
  0.63AHT-PD Ashford Hospitality TrustPairCorr
  0.68AHT-PF Ashford Hospitality TrustPairCorr
  0.77AHT-PG Ashford Hospitality TrustPairCorr
  0.68VNO-PL Vornado Realty TrustPairCorr

Moving against Anywhere Stock

  0.38OMH Ohmyhome Limited OrdinaryPairCorr
  0.52WETH Wetouch Technology CommonPairCorr

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   
TCIMLP
RMAXTCI
RMAXMLP
NYCMMI
FSVTCI
FSVMLP
  
High negative correlations   
NENTCI
NENMLP
FSVREAX
TCIREAX
NENRMAX
FSVNEN

Risk-Adjusted Indicators

There is a big difference between Anywhere Stock performing well and Anywhere Real 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 Anywhere Real'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MMI  1.41 (0.18) 0.00 (0.02) 0.00 
 2.72 
 7.96 
REAX  1.95 (0.36) 0.00 (0.17) 0.00 
 4.63 
 10.84 
FRPH  1.11 (0.09)(0.08) 0.02  1.46 
 2.45 
 10.22 
MLP  2.66 (0.11) 0.01  0.08  3.14 
 5.94 
 16.69 
TCI  2.45  0.38  0.12  0.44  2.72 
 5.69 
 17.22 
MAYS  1.73 (0.05) 0.00  0.20  0.00 
 3.83 
 16.12 
RMAX  1.99 (0.04) 0.01  0.10  2.40 
 4.11 
 10.31 
NEN  0.69 (0.03) 0.00  0.23  0.00 
 2.04 
 8.30 
FSV  0.76  0.01 (0.04) 0.15  1.05 
 1.77 
 5.62 
NYC  3.61  0.23  0.04  0.55  4.05 
 8.81 
 21.96 

Anywhere Real Corporate Management

Rebecca TallentVP RelationsProfile
Caitlin McCroryVP RelationsProfile
Shacara DelgadoSenior OfficerProfile
Trey SartenChief AffairsProfile
Peter SobeckBrokerage GrowthProfile
Melissa McSherryStrategic AdvisorProfile