New England Correlations

NEN Stock

USD 73.25 0.11 0.15%

The current 90-days correlation between New England Realty and The Intergroup is -0.2 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as New England moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New England Realty moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

New England Correlation With Market

Very good diversification

The correlation between New England Realty 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 New England Realty and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with New Stock

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

Moving together with New Stock

0.64	UK	Ucommune International	Pair Corr
0.7	OMH	Ohmyhome Limited Ordinary	Pair Corr
0.73	GIPRW	Generation Income	Pair Corr

Moving against New Stock

0.8	BHM	Bluerock Homes Trust	Pair Corr
0.71	DOUG	Douglas Elliman	Pair Corr
0.7	CBL	CBL Associates Properties	Pair Corr
0.7	FTHM	Fathom Holdings	Pair Corr
0.69	ARL	American Realty Investors	Pair Corr
0.63	CWK	Cushman Wakefield plc	Pair Corr
0.63	JLL	Jones Lang LaSalle	Pair Corr
0.63	ONL	Orion Office Reit	Pair Corr
0.61	KW	Kennedy Wilson Holdings	Pair Corr
0.61	EXPI	eXp World Holdings Potential Growth	Pair Corr
0.52	FSV	FirstService Corp Earnings Call This Week	Pair Corr
0.51	FOR	Forestar Group	Pair Corr
0.5	OZ	Belpointe PREP LLC	Pair Corr
0.32	AEI	Alset Ehome International	Pair Corr
0.83	TCI	Transcontinental Realty	Pair Corr
0.8	NXDT	NexPoint Strategic	Pair Corr
0.79	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.73	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.71	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.59	NMRK	Newmark Group Potential Growth	Pair Corr
0.54	DX	Dynex Capital Earnings Call This Week	Pair Corr
0.51	UE	Urban Edge Properties	Pair Corr
0.48	O	Realty Income	Pair Corr
0.39	PK	Park Hotels Resorts	Pair Corr
0.38	RC	Ready Capital Corp	Pair Corr
0.37	HR	Healthcare Realty Trust Sell-off Trend	Pair Corr
0.35	WY	Weyerhaeuser Earnings Call This Week	Pair Corr
0.78	WELL	Welltower	Pair Corr
0.75	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.72	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.7	MITT-PC	AG Mortgage Investment	Pair Corr

Related Correlations Analysis

	MAYS	INTG	TCI	ARL	GYRO
MAYS		0.28	-0.32	-0.38	0.28	MAYS
INTG	0.28		-0.44	-0.49	0.33	INTG
TCI	-0.32	-0.44		0.85	-0.32	TCI
ARL	-0.38	-0.49	0.85		-0.51	ARL
GYRO	0.28	0.33	-0.32	-0.51		GYRO
	MAYS	INTG	TCI	ARL	GYRO

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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

ARL	+ 0.85	TCI
GYRO	+ 0.33	INTG
INTG	+ 0.28	MAYS
GYRO	+ 0.28	MAYS

High negative correlations

GYRO	- 0.51	ARL
ARL	- 0.49	INTG
TCI	- 0.44	INTG
ARL	- 0.38	MAYS
GYRO	- 0.32	TCI
TCI	- 0.32	MAYS

Risk-Adjusted Indicators

There is a big difference between New Stock performing well and New England 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 New England'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
MAYS	1.73	(0.05)	0.00	0.20	0.00	0.00	3.83	(5.61)	16.12
INTG	3.63	(0.05)	0.00	0.22	0.00	0.00	9.53	(11.49)	32.36
TCI	2.45	0.38	0.12	0.44	2.72	(2.69)	5.69	(4.97)	17.22
ARL	2.63	0.12	0.01	0.55	3.17	(2.88)	5.02	(5.12)	16.23
GYRO	2.28	(0.06)	0.00	7.13	0.00	0.00	5.17	(6.48)	37.18

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