Mid America Correlations

MAA Stock

USD 160.93 2.70 1.65%

The current 90-days correlation between Mid America Apartment and UDR Inc is 0.09 (i.e., Significant diversification). The correlation of Mid America 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.

Mid America Correlation With Market

Good diversification

The correlation between Mid America Apartment Communit and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mid America Apartment Communit and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Mid Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mid America Apartment Communities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Mid Stock

0.62	O	Realty Income	Pair Corr
0.69	VICI	VICI Properties	Pair Corr
0.69	ELME	Elme Communities	Pair Corr
0.65	WELL	Welltower	Pair Corr
0.79	ALX	Alexanders	Pair Corr
0.65	AVB	AvalonBay Communities	Pair Corr
0.76	BNL	Broadstone Net Lease	Pair Corr

Related Correlations Analysis

	BRT	NXRT	VRE	CLPR	UDR	ELS	IRT	SUI	UMH	AMH
BRT		0.72	0.57	0.59	0.59	0.78	0.84	0.64	0.68	-0.33	BRT
NXRT	0.72		0.72	0.64	0.88	0.65	0.83	0.73	0.76	0.03	NXRT
VRE	0.57	0.72		0.32	0.89	0.65	0.8	0.7	0.92	0.25	VRE
CLPR	0.59	0.64	0.32		0.54	0.38	0.55	0.49	0.39	-0.23	CLPR
UDR	0.59	0.88	0.89	0.54		0.59	0.8	0.76	0.87	0.29	UDR
ELS	0.78	0.65	0.65	0.38	0.59		0.8	0.85	0.7	-0.07	ELS
IRT	0.84	0.83	0.8	0.55	0.8	0.8		0.81	0.87	0.06	IRT
SUI	0.64	0.73	0.7	0.49	0.76	0.85	0.81		0.74	0.22	SUI
UMH	0.68	0.76	0.92	0.39	0.87	0.7	0.87	0.74		0.12	UMH
AMH	-0.33	0.03	0.25	-0.23	0.29	-0.07	0.06	0.22	0.12		AMH
	BRT	NXRT	VRE	CLPR	UDR	ELS	IRT	SUI	UMH	AMH

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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

UMH	+ 0.92	VRE
UDR	+ 0.89	VRE
UDR	+ 0.88	NXRT
UMH	+ 0.87	UDR
UMH	+ 0.87	IRT
SUI	+ 0.85	ELS

High negative correlations

AMH	- 0.33	BRT
AMH	- 0.23	CLPR
AMH	- 0.07	ELS

Risk-Adjusted Indicators

There is a big difference between Mid Stock performing well and Mid America 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 Mid America'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
BRT	1.27	(0.20)	0.00	0.80	0.00	0.00	3.00	(3.54)	9.41
NXRT	1.56	(0.06)	0.00	(0.15)	0.00	0.00	2.88	(3.49)	11.36
VRE	1.35	(0.01)	0.00	(0.09)	0.00	0.00	2.90	(2.63)	7.91
CLPR	2.91	0.22	0.06	0.17	3.83	(3.21)	6.49	(6.13)	25.82
UDR	1.37	0.05	0.00	(0.03)	0.00	0.00	2.19	(3.03)	10.85
ELS	1.13	(0.09)	0.00	0.34	0.00	0.00	1.91	(2.24)	6.43
IRT	1.24	(0.07)	0.00	0.65	0.00	0.00	2.51	(2.61)	9.81
SUI	1.42	(0.01)	0.05	(0.04)	1.82	(1.49)	3.05	(3.87)	10.92
UMH	1.15	(0.05)	0.00	(0.18)	0.00	0.00	2.03	(2.70)	7.83
AMH	1.41	0.09	0.11	(0.58)	1.69	(1.53)	3.03	(2.46)	9.32

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