MREIT Correlations

MREIT Stock

14.00 0.10 0.71%

The current 90-days correlation between MREIT Inc and Union Bank of is 0.02 (i.e., Significant diversification). The correlation of MREIT 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.

MREIT Correlation With Market

Average diversification

The correlation between MREIT Inc and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MREIT Inc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to MREIT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MREIT 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 MREIT - 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 MREIT Inc to buy it.

Moving together with MREIT Stock

0.91	RCR	RL Commercial REIT	Pair Corr
0.93	CREIT	Citicore Energy REIT	Pair Corr
0.78	FB	San Miguel Pure	Pair Corr
0.87	PNB	Philippine National Bank	Pair Corr
0.86	FILRT	Filinvest REIT Corp	Pair Corr
0.63	RRHI	Robinsons Retail Holdings	Pair Corr

Moving against MREIT Stock

0.62	TEL	PLDT Inc	Pair Corr
0.61	BDO	BDO Unibank	Pair Corr
0.54	BPI	Bank of the	Pair Corr

Related Correlations Analysis

	AT	PBB	TBGI	UBP	APX	BDO	CROWN	MBT
AT		0.56	-0.23	-0.71	-0.07	-0.54	0.49	-0.7	AT
PBB	0.56		0.02	-0.38	-0.11	-0.55	0.28	-0.69	PBB
TBGI	-0.23	0.02		0.24	0.14	0.04	-0.15	0.19	TBGI
UBP	-0.71	-0.38	0.24		0.06	0.48	-0.47	0.54	UBP
APX	-0.07	-0.11	0.14	0.06		0.34	-0.32	0.0	APX
BDO	-0.54	-0.55	0.04	0.48	0.34		-0.42	0.67	BDO
CROWN	0.49	0.28	-0.15	-0.47	-0.32	-0.42		-0.33	CROWN
MBT	-0.7	-0.69	0.19	0.54	0.0	0.67	-0.33		MBT
	AT	PBB	TBGI	UBP	APX	BDO	CROWN	MBT

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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

MBT	+ 0.67	BDO
PBB	+ 0.56	AT
MBT	+ 0.54	UBP
CROWN	+ 0.49	AT
BDO	+ 0.48	UBP
BDO	+ 0.34	APX

High negative correlations

UBP	- 0.71	AT
MBT	- 0.7	AT
MBT	- 0.69	PBB
BDO	- 0.55	PBB
BDO	- 0.54	AT
CROWN	- 0.47	UBP

Risk-Adjusted Indicators

There is a big difference between MREIT Stock performing well and MREIT 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 MREIT'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
AT	1.82	0.07	(0.01)	0.37	2.12	(2.52)	4.71	(3.29)	12.48
PBB	1.76	0.13	(0.02)	(0.10)	2.39	(2.22)	4.76	(3.70)	18.48
TBGI	0.93	0.04	0.00	(0.15)	0.00	0.00	7.69	(7.14)	14.84
UBP	0.85	(0.10)	0.00	(0.08)	0.00	0.00	1.51	(1.63)	10.12
APX	2.81	0.17	(0.01)	(0.13)	3.24	(3.00)	7.08	(5.51)	16.83
BDO	1.27	0.00	(0.10)	0.32	1.32	(1.62)	3.31	(2.05)	8.30
CROWN	1.35	0.01	(0.06)	1.30	1.72	(1.52)	2.42	(2.37)	5.45
MBT	1.17	(0.03)	(0.08)	0.05	1.35	(1.46)	3.08	(2.17)	10.74

Be your own money manager

Our tools can tell you how much better you can do entering a position in MREIT 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.

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