InterRent Real Correlations
| IIP-UN Stock | CAD 13.33 0.01 0.07% |
The current 90-days correlation between InterRent Real Estate and Killam Apartment Real is 0.82 (i.e., Very poor diversification). The correlation of InterRent 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.
InterRent Real Correlation With Market
Good diversification
The correlation between InterRent Real Estate and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding InterRent Real Estate and DJI in the same portfolio, assuming nothing else is changed.
InterRent |
The ability to find closely correlated positions to InterRent Real could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace InterRent Real 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 InterRent Real - 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 InterRent Real Estate to buy it.
Moving together with InterRent Stock
| 0.79 | JPM | JPMorgan Chase | PairCorr |
| 0.82 | GOOG | Alphabet CDR Earnings Call This Week | PairCorr |
| 0.84 | BOFA | Bank of America | PairCorr |
| 0.78 | CITI | CITIGROUP CDR | PairCorr |
| 0.85 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.83 | AMZN | Amazon CDR | PairCorr |
| 0.78 | GS | GOLDMAN SACHS CDR | PairCorr |
| 0.85 | IBM | International Business Earnings Call This Week | PairCorr |
| 0.64 | CBA | Champion Bear Resources | PairCorr |
| 0.67 | RKV | Rakovina Therapeutics Split | PairCorr |
| 0.74 | CNQ | Canadian Natural Res | PairCorr |
| 0.75 | AUAU | Allegiant Gold Earnings Call This Week | PairCorr |
Moving against InterRent Stock
Related Correlations Analysis
| 0.93 | 0.9 | 0.94 | 0.73 | KMP-UN | ||
| 0.93 | 0.89 | 0.97 | 0.78 | CAR-UN | ||
| 0.9 | 0.89 | 0.93 | 0.83 | GRT-UN | ||
| 0.94 | 0.97 | 0.93 | 0.81 | BEI-UN | ||
| 0.73 | 0.78 | 0.83 | 0.81 | AP-UN | ||
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Risk-Adjusted Indicators
There is a big difference between InterRent Stock performing well and InterRent 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 InterRent 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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KMP-UN | 0.94 | 0.23 | 0.13 | 4.69 | 0.55 | 2.16 | 9.24 | |||
| CAR-UN | 0.93 | 0.20 | 0.07 | 2.95 | 0.83 | 2.42 | 6.59 | |||
| GRT-UN | 0.87 | 0.25 | 0.10 | 4.67 | 0.88 | 2.67 | 7.54 | |||
| BEI-UN | 0.98 | 0.25 | 0.10 | (2.19) | 0.83 | 2.14 | 7.36 | |||
| AP-UN | 1.08 | 0.32 | 0.11 | (3.12) | 1.29 | 2.28 | 6.53 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in InterRent Real 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.Did you try this?
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InterRent Real Corporate Management
Elected by the shareholders, the InterRent Real's board of directors comprises two types of representatives: InterRent Real inside directors who are chosen from within the company, and outside directors, selected externally and held independent of InterRent. The board's role is to monitor InterRent Real's management team and ensure that shareholders' interests are well served. InterRent Real's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, InterRent Real's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Asad Hanif | Vice Acquisitions | Profile | |
| Catherine Hebert | Chief Officer | Profile | |
| Craig Stewart | Vice Finance | Profile | |
| Dave CPM | Chief Officer | Profile | |
| Will Chan | Chief Officer | Profile |