Maui Land Correlations
MLP Stock | USD 17.01 0.33 1.90% |
The current 90-days correlation between Maui Land Pineapple and Presidio Property Trust is -0.18 (i.e., Good diversification). The correlation of Maui Land 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.
Maui Land Correlation With Market
Very weak diversification
The correlation between Maui Land Pineapple and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Maui Land Pineapple and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Maui Stock
0.63 | KW | Kennedy Wilson Holdings | PairCorr |
0.63 | DOUG | Douglas Elliman | PairCorr |
0.63 | EXPI | eXp World Holdings Potential Growth | PairCorr |
0.75 | ARL | American Realty Investors | PairCorr |
0.8 | BHM | Bluerock Homes Trust | PairCorr |
0.73 | CBL | CBL Associates Properties | PairCorr |
0.71 | CWK | Cushman Wakefield plc | PairCorr |
0.69 | FTHM | Fathom Holdings | PairCorr |
0.77 | JLL | Jones Lang LaSalle | PairCorr |
0.68 | ONL | Orion Office Reit | PairCorr |
0.83 | TCI | Transcontinental Realty | PairCorr |
0.74 | NMRK | Newmark Group Potential Growth | PairCorr |
0.77 | NXDT | NexPoint Strategic | PairCorr |
0.65 | DX | Dynex Capital Earnings Call This Week | PairCorr |
0.66 | UE | Urban Edge Properties | PairCorr |
0.73 | AHT-PH | Ashford Hospitality Trust | PairCorr |
0.76 | AHT-PI | Ashford Hospitality Trust | PairCorr |
0.78 | AHT-PD | Ashford Hospitality Trust | PairCorr |
0.75 | AHT-PF | Ashford Hospitality Trust | PairCorr |
0.75 | AHT-PG | Ashford Hospitality Trust | PairCorr |
Moving against Maui Stock
0.77 | OMH | Ohmyhome Limited Ordinary | PairCorr |
0.61 | UK | Ucommune International | PairCorr |
0.69 | GIPRW | Generation Income | PairCorr |
0.47 | XIN | Xinyuan Real Estate | PairCorr |
0.43 | WETH | Wetouch Technology Common | PairCorr |
Related Correlations Analysis
0.45 | -0.33 | -0.23 | 0.31 | -0.5 | SQFTP | ||
0.45 | -0.1 | -0.06 | 0.08 | -0.3 | SQFTW | ||
-0.33 | -0.1 | 0.29 | -0.28 | 0.4 | MDRR | ||
-0.23 | -0.06 | 0.29 | 0.0 | 0.53 | GIPR | ||
0.31 | 0.08 | -0.28 | 0.0 | 0.19 | ICMB | ||
-0.5 | -0.3 | 0.4 | 0.53 | 0.19 | YGMZ | ||
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Maui Stock performing well and Maui Land 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 Maui Land'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
SQFTP | 0.82 | 0.13 | 0.00 | (3.10) | 0.76 | 1.70 | 8.75 | |||
SQFTW | 9.62 | 0.91 | 0.08 | 0.70 | 10.32 | 23.20 | 141.20 | |||
MDRR | 2.27 | (0.11) | 0.00 | (0.58) | 0.00 | 6.18 | 13.43 | |||
GIPR | 1.70 | (0.08) | (0.04) | 0.03 | 2.40 | 3.33 | 12.36 | |||
ICMB | 1.64 | 0.28 | 0.06 | (56.27) | 2.08 | 3.72 | 9.35 | |||
YGMZ | 4.38 | 0.27 | 0.02 | (0.61) | 5.09 | 8.96 | 57.07 |