J W Correlations

MAYS Stock

USD 38.15 0.00 0.00%

The current 90-days correlation between J W Mays and Frp Holdings Ord is -0.02 (i.e., Good diversification). The correlation of J W 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.

J W Correlation With Market

Very good diversification

The correlation between J W Mays and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding J W Mays and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MAYS Stock

Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving against MAYS Stock

0.56	VTMX	Corporacin Inmobiliaria Earnings Call This Week	Pair Corr
0.53	OZ	Belpointe PREP LLC	Pair Corr
0.47	CWK	Cushman Wakefield plc	Pair Corr
0.47	FSV	FirstService Corp Earnings Call This Week	Pair Corr
0.43	DOUG	Douglas Elliman	Pair Corr
0.39	FTHM	Fathom Holdings	Pair Corr
0.38	ARL	American Realty Investors	Pair Corr
0.38	CBL	CBL Associates Properties	Pair Corr
0.51	FR	First Industrial Realty	Pair Corr
0.44	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.43	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.39	PK	Park Hotels Resorts	Pair Corr
0.37	DX	Dynex Capital Earnings Call This Week	Pair Corr
0.32	TCI	Transcontinental Realty	Pair Corr
0.31	XIN	Xinyuan Real Estate	Pair Corr
0.31	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.54	MITT-PB	AG Mortgage Investment	Pair Corr
0.53	ELME	Elme Communities	Pair Corr
0.51	MITT-PC	AG Mortgage Investment	Pair Corr
0.47	VNO-PL	Vornado Realty Trust	Pair Corr

Related Correlations Analysis

	FRPH	FTHM	GYRO	HFBL	INTG	LSBK	MGYR	MMI	NEN	TCI
FRPH		0.04	-0.24	-0.09	-0.14	0.18	0.09	0.02	-0.21	0.13	FRPH
FTHM	0.04		-0.46	0.43	-0.6	0.82	0.85	0.0	-0.7	0.79	FTHM
GYRO	-0.24	-0.46		0.16	0.33	-0.4	-0.34	0.36	0.27	-0.32	GYRO
HFBL	-0.09	0.43	0.16		-0.11	0.38	0.43	0.51	-0.41	0.39	HFBL
INTG	-0.14	-0.6	0.33	-0.11		-0.52	-0.47	0.08	0.35	-0.44	INTG
LSBK	0.18	0.82	-0.4	0.38	-0.52		0.9	0.14	-0.82	0.87	LSBK
MGYR	0.09	0.85	-0.34	0.43	-0.47	0.9		0.22	-0.85	0.96	MGYR
MMI	0.02	0.0	0.36	0.51	0.08	0.14	0.22		-0.32	0.28	MMI
NEN	-0.21	-0.7	0.27	-0.41	0.35	-0.82	-0.85	-0.32		-0.83	NEN
TCI	0.13	0.79	-0.32	0.39	-0.44	0.87	0.96	0.28	-0.83		TCI
	FRPH	FTHM	GYRO	HFBL	INTG	LSBK	MGYR	MMI	NEN	TCI

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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

TCI	+ 0.96	MGYR
MGYR	+ 0.9	LSBK
TCI	+ 0.87	LSBK
MGYR	+ 0.85	FTHM
LSBK	+ 0.82	FTHM
TCI	+ 0.79	FTHM

High negative correlations

NEN	- 0.85	MGYR
TCI	- 0.83	NEN
NEN	- 0.82	LSBK
NEN	- 0.7	FTHM
INTG	- 0.6	FTHM
LSBK	- 0.52	INTG

Risk-Adjusted Indicators

There is a big difference between MAYS Stock performing well and J W 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 J W'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
FRPH	1.11	(0.09)	(0.08)	0.02	1.46	(1.17)	2.45	(2.75)	10.22
FTHM	4.90	0.84	0.18	0.68	4.51	(6.26)	11.11	(7.44)	44.49
GYRO	2.28	(0.06)	0.00	7.13	0.00	0.00	5.17	(6.48)	37.18
HFBL	1.51	0.00	(0.05)	0.10	1.80	(2.09)	3.12	(3.16)	11.15
INTG	3.63	(0.05)	0.00	0.22	0.00	0.00	9.53	(11.49)	32.36
LSBK	0.86	0.22	0.06	(1.44)	0.93	(1.09)	1.89	(1.15)	10.13
MGYR	0.97	0.31	0.13	(4.63)	0.79	(1.14)	2.26	(1.75)	4.89
MMI	1.41	(0.18)	0.00	(0.02)	0.00	0.00	2.72	(3.16)	7.96
NEN	0.69	(0.03)	0.00	0.23	0.00	0.00	2.04	(2.01)	8.30
TCI	2.45	0.38	0.12	0.44	2.72	(2.69)	5.69	(4.97)	17.22

J W Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with J W stock to make a market-neutral strategy. Peer analysis of J W could also be used in its relative valuation, which is a method of valuing J W by comparing valuation metrics with similar companies.

Frp Holdings Ord Fathom Holdings Gyrodyne Company of Home Federal Bancorp The Intergroup Lake Shore Bancorp Magyar Bancorp Marcus Millichap New England Realty Transcontinental Realty Investors American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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