Invitation Homes Correlations

INVH Stock

USD 32.35 0.01 0.03%

The current 90-days correlation between Invitation Homes and American Homes 4 is 0.01 (i.e., Significant diversification). The correlation of Invitation Homes 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.

Invitation Homes Correlation With Market

Very good diversification

The correlation between Invitation Homes and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invitation Homes and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Invitation Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Invitation Homes. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For more detail on how to invest in Invitation Stock please use our How to Invest in Invitation Homes guide.

Moving together with Invitation Stock

0.73	AKR	Acadia Realty Trust Sell-off Trend	Pair Corr
0.81	AMH	American Homes 4	Pair Corr

Moving against Invitation Stock

0.31	WHLR	Wheeler Real Estate	Pair Corr
0.38	FISK	Empire State Realty	Pair Corr
0.37	DEA	Eerly Govt Ppty	Pair Corr

Related Correlations Analysis

	AMH	MAA	CPT	SUI	COLD
AMH		0.71	0.65	0.18	-0.01	AMH
MAA	0.71		0.24	-0.33	0.52	MAA
CPT	0.65	0.24		0.4	-0.4	CPT
SUI	0.18	-0.33	0.4		-0.56	SUI
COLD	-0.01	0.52	-0.4	-0.56		COLD
	AMH	MAA	CPT	SUI	COLD

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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

MAA	+ 0.71	AMH
CPT	+ 0.65	AMH
COLD	+ 0.52	MAA
SUI	+ 0.4	CPT
CPT	+ 0.24	MAA
SUI	+ 0.18	AMH

High negative correlations

COLD	- 0.56	SUI
COLD	- 0.4	CPT
SUI	- 0.33	MAA
COLD	- 0.01	AMH

Risk-Adjusted Indicators

There is a big difference between Invitation Stock performing well and Invitation Homes 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 Invitation Homes' 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
AMH	1.10	(0.14)	(0.14)	0.04	1.44	(1.10)	2.32	(2.15)	9.35
MAA	1.03	(0.15)	(0.19)	(0.01)	1.22	(1.10)	2.26	(1.92)	7.94
CPT	1.09	(0.01)	0.00	0.27	0.00	0.00	2.12	(2.16)	8.13
SUI	1.18	(0.08)	(0.08)	0.12	1.67	(1.09)	2.12	(2.56)	10.32
COLD	1.81	(0.49)	0.00	(0.15)	0.00	0.00	2.73	(4.61)	17.25

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