NexPoint Strategic Correlations

NXDT Stock

USD 4.56 0.19 4.00%

The current 90-days correlation between NexPoint Strategic and Modiv Inc is 0.23 (i.e., Modest diversification). The correlation of NexPoint Strategic 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.

NexPoint Strategic Correlation With Market

Modest diversification

The correlation between NexPoint Strategic Opportuniti and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NexPoint Strategic Opportuniti and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with NexPoint Stock

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

Moving together with NexPoint Stock

0.8	KW	Kennedy Wilson Holdings	Pair Corr
0.69	EXPI	eXp World Holdings	Pair Corr
0.63	ARL	American Realty Investors	Pair Corr
0.84	BHM	Bluerock Homes Trust	Pair Corr
0.67	CBL	CBL Associates Properties	Pair Corr
0.68	CWK	Cushman Wakefield plc	Pair Corr
0.77	FOR	Forestar Group Earnings Call Tomorrow	Pair Corr
0.66	FTHM	Fathom Holdings	Pair Corr
0.75	JLL	Jones Lang LaSalle	Pair Corr
0.76	ONL	Orion Office Reit	Pair Corr
0.84	TCI	Transcontinental Realty	Pair Corr
0.75	NMRK	Newmark Group	Pair Corr
0.61	DX	Dynex Capital Earnings Call This Week	Pair Corr
0.71	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.73	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.7	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.69	AHT-PG	Ashford Hospitality Trust	Pair Corr

Moving against NexPoint Stock

0.62	OMH	Ohmyhome Limited Ordinary	Pair Corr
0.52	UK	Ucommune International	Pair Corr
0.76	GIPRW	Generation Income	Pair Corr
0.47	XIN	Xinyuan Real Estate	Pair Corr

Related Correlations Analysis

	NXDT-PA	OLP	MDV	GOODN	MDRR	HFRO	HGLB	NXRT	CION
NXDT-PA		0.2	-0.27	0.47	-0.22	0.47	0.43	-0.32	0.18	NXDT-PA
OLP	0.2		-0.04	0.67	-0.33	0.62	0.65	-0.34	0.26	OLP
MDV	-0.27	-0.04		-0.23	-0.07	-0.14	-0.4	0.56	0.42	MDV
GOODN	0.47	0.67	-0.23		-0.71	0.9	0.88	-0.45	0.52	GOODN
MDRR	-0.22	-0.33	-0.07	-0.71		-0.66	-0.49	0.21	-0.64	MDRR
HFRO	0.47	0.62	-0.14	0.9	-0.66		0.88	-0.25	0.66	HFRO
HGLB	0.43	0.65	-0.4	0.88	-0.49	0.88		-0.39	0.41	HGLB
NXRT	-0.32	-0.34	0.56	-0.45	0.21	-0.25	-0.39		0.18	NXRT
CION	0.18	0.26	0.42	0.52	-0.64	0.66	0.41	0.18		CION
	NXDT-PA	OLP	MDV	GOODN	MDRR	HFRO	HGLB	NXRT	CION

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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

HFRO	+ 0.9	GOODN
HGLB	+ 0.88	GOODN
HGLB	+ 0.88	HFRO
GOODN	+ 0.67	OLP
CION	+ 0.66	HFRO
HGLB	+ 0.65	OLP

High negative correlations

MDRR	- 0.71	GOODN
HFRO	- 0.66	MDRR
CION	- 0.64	MDRR
HGLB	- 0.49	MDRR
NXRT	- 0.45	GOODN
HGLB	- 0.4	MDV

Risk-Adjusted Indicators

There is a big difference between NexPoint Stock performing well and NexPoint Strategic 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 NexPoint Strategic'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
NXDT-PA	1.05	0.03	(0.13)	0.81	1.46	(1.10)	2.57	(2.83)	11.40
OLP	0.97	(0.05)	(0.11)	0.16	1.42	(1.01)	1.92	(2.54)	7.76
MDV	1.33	(0.03)	(0.09)	0.17	1.95	(1.38)	2.85	(2.74)	10.28
GOODN	0.81	0.12	(0.11)	1.47	0.77	(0.96)	1.71	(1.58)	5.35
MDRR	2.38	(0.01)	0.00	0.32	0.00	0.00	6.18	(6.03)	15.37
HFRO	0.84	0.12	0.04	0.43	0.52	(1.03)	1.86	(1.24)	10.56
HGLB	1.05	0.20	0.07	0.60	0.76	(1.18)	2.82	(1.95)	9.34
NXRT	1.21	0.16	(0.11)	(0.19)	1.56	(1.26)	2.48	(2.45)	11.77
CION	1.24	0.05	0.01	0.31	1.47	(1.31)	2.94	(1.83)	11.76

NexPoint Strategic Corporate Management

Ethan Powell	Independent Chairman of the Board of the Trustees	Profile
Jason Post	Chief Compliance Officer, Anti-Money Laundering Officer	Profile
Edward Constantino	Independent Trustee	Profile
Frank CPA	Principal Treasurer	Profile

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