Re Max Correlations

RMAX Stock

USD 8.11 0.10 1.22%

The current 90-days correlation between Re Max Holding and Marcus Millichap is 0.64 (i.e., Poor diversification). The correlation of Re Max 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.

Re Max Correlation With Market

Very weak diversification

The correlation between Re Max Holding and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Re Max Holding and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Re Max Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with RMAX Stock

0.64	KW	Kennedy Wilson Holdings	Pair Corr
0.73	BHM	Bluerock Homes Trust	Pair Corr
0.71	CBL	CBL Associates Properties	Pair Corr
0.79	CWK	Cushman Wakefield plc	Pair Corr
0.64	FOR	Forestar Group	Pair Corr
0.87	JLL	Jones Lang LaSalle	Pair Corr
0.79	ONL	Orion Office Reit	Pair Corr
0.73	TCI	Transcontinental Realty	Pair Corr
0.8	NMRK	Newmark Group Potential Growth	Pair Corr
0.63	NXDT	NexPoint Strategic	Pair Corr
0.68	DX	Dynex Capital Earnings Call This Week	Pair Corr
0.79	UE	Urban Edge Properties	Pair Corr
0.76	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.73	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.75	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.77	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.77	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.73	VNO-PL	Vornado Realty Trust	Pair Corr

Moving against RMAX Stock

0.57	UK	Ucommune International	Pair Corr
0.43	OMH	Ohmyhome Limited Ordinary	Pair Corr
0.46	GIPRW	Generation Income	Pair Corr
0.44	XIN	Xinyuan Real Estate	Pair Corr
0.53	WETH	Wetouch Technology Common	Pair Corr

Related Correlations Analysis

	MMI	FRPH	MLP	MAYS	TCI	HOUS	EXPI	FTHM	RMR	NEN
MMI		0.02	0.48	0.3	0.28	0.14	0.75	0.0	0.59	-0.32	MMI
FRPH	0.02		0.12	-0.29	0.13	0.22	0.0	0.04	0.02	-0.21	FRPH
MLP	0.48	0.12		-0.19	0.83	0.5	0.63	0.69	0.86	-0.77	MLP
MAYS	0.3	-0.29	-0.19		-0.32	-0.46	0.02	-0.39	-0.16	0.17	MAYS
TCI	0.28	0.13	0.83	-0.32		0.64	0.48	0.79	0.87	-0.83	TCI
HOUS	0.14	0.22	0.5	-0.46	0.64		0.3	0.62	0.6	-0.45	HOUS
EXPI	0.75	0.0	0.63	0.02	0.48	0.3		0.31	0.79	-0.61	EXPI
FTHM	0.0	0.04	0.69	-0.39	0.79	0.62	0.31		0.69	-0.7	FTHM
RMR	0.59	0.02	0.86	-0.16	0.87	0.6	0.79	0.69		-0.8	RMR
NEN	-0.32	-0.21	-0.77	0.17	-0.83	-0.45	-0.61	-0.7	-0.8		NEN
	MMI	FRPH	MLP	MAYS	TCI	HOUS	EXPI	FTHM	RMR	NEN

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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

RMR	+ 0.87	TCI
RMR	+ 0.86	MLP
TCI	+ 0.83	MLP
FTHM	+ 0.79	TCI
RMR	+ 0.79	EXPI
EXPI	+ 0.75	MMI

High negative correlations

NEN	- 0.83	TCI
NEN	- 0.8	RMR
NEN	- 0.77	MLP
NEN	- 0.7	FTHM
NEN	- 0.61	EXPI
HOUS	- 0.46	MAYS

Risk-Adjusted Indicators

There is a big difference between RMAX Stock performing well and Re Max 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 Re Max'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
MMI	1.41	(0.18)	0.00	(0.02)	0.00	0.00	2.72	(3.16)	7.96
FRPH	1.11	(0.09)	(0.08)	0.02	1.46	(1.17)	2.45	(2.75)	10.22
MLP	2.66	(0.11)	0.01	0.08	3.14	(2.62)	5.94	(4.60)	16.69
MAYS	1.73	(0.05)	0.00	0.20	0.00	0.00	3.83	(5.61)	16.12
TCI	2.45	0.38	0.12	0.44	2.72	(2.69)	5.69	(4.97)	17.22
HOUS	2.83	0.48	0.09	21.65	3.19	(3.21)	7.54	(4.37)	19.58
EXPI	2.24	(0.08)	0.00	0.08	3.44	(2.25)	4.86	(4.39)	17.27
FTHM	4.90	0.84	0.18	0.68	4.51	(6.26)	11.11	(7.44)	44.49
RMR	1.29	0.13	0.06	0.27	1.62	(1.37)	3.05	(3.14)	7.02
NEN	0.69	(0.03)	0.00	0.23	0.00	0.00	2.04	(2.01)	8.30

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