Transcontinental Correlations

TCI Stock

USD 39.54 2.07 4.97%

The current 90-days correlation between Transcontinental Realty and Frp Holdings Ord is 0.34 (i.e., Weak diversification). The correlation of Transcontinental 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.

Transcontinental Correlation With Market

Weak diversification

The correlation between Transcontinental Realty Invest and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transcontinental Realty Invest and DJI in the same portfolio, assuming nothing else is changed.

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Transcontinental Realty Investors. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Transcontinental Stock

0.62	KW	Kennedy Wilson Holdings	Pair Corr
0.75	OZ	Belpointe PREP LLC	Pair Corr
0.75	DOUG	Douglas Elliman	Pair Corr
0.8	ARL	American Realty Investors	Pair Corr
0.83	BHM	Bluerock Homes Trust	Pair Corr
0.89	CBL	CBL Associates Properties	Pair Corr
0.87	CWK	Cushman Wakefield plc	Pair Corr
0.63	FOR	Forestar Group	Pair Corr
0.63	FSV	FirstService Corp Earnings Call This Week	Pair Corr
0.79	FTHM	Fathom Holdings	Pair Corr
0.82	JLL	Jones Lang LaSalle	Pair Corr
0.8	ONL	Orion Office Reit	Pair Corr
0.79	NMRK	Newmark Group Potential Growth	Pair Corr
0.85	NXDT	NexPoint Strategic	Pair Corr
0.73	DX	Dynex Capital Earnings Call Tomorrow	Pair Corr
0.67	PK	Park Hotels Resorts	Pair Corr
0.68	UE	Urban Edge Properties	Pair Corr
0.89	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.93	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.84	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.92	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.91	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.7	VNO-PL	Vornado Realty Trust	Pair Corr

Moving against Transcontinental Stock

0.72	OMH	Ohmyhome Limited Ordinary	Pair Corr
0.57	UK	Ucommune International	Pair Corr
0.6	GIPRW	Generation Income	Pair Corr
0.38	XIN	Xinyuan Real Estate	Pair Corr
0.46	WETH	Wetouch Technology Common	Pair Corr

Related Correlations Analysis

	FRPH	MAYS	HOUS	RMAX	NEN	MMI	FTHM	FSV	MLP
FRPH		-0.27	0.29	0.35	-0.17	0.02	0.04	0.33	0.12	FRPH
MAYS	-0.27		-0.42	-0.27	0.16	0.32	-0.31	-0.37	-0.15	MAYS
HOUS	0.29	-0.42		0.72	-0.46	0.23	0.63	0.79	0.55	HOUS
RMAX	0.35	-0.27	0.72		-0.55	0.54	0.37	0.52	0.69	RMAX
NEN	-0.17	0.16	-0.46	-0.55		-0.26	-0.72	-0.52	-0.79	NEN
MMI	0.02	0.32	0.23	0.54	-0.26		0.0	0.23	0.48	MMI
FTHM	0.04	-0.31	0.63	0.37	-0.72	0.0		0.67	0.69	FTHM
FSV	0.33	-0.37	0.79	0.52	-0.52	0.23	0.67		0.6	FSV
MLP	0.12	-0.15	0.55	0.69	-0.79	0.48	0.69	0.6		MLP
	FRPH	MAYS	HOUS	RMAX	NEN	MMI	FTHM	FSV	MLP

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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

FSV	+ 0.79	HOUS
RMAX	+ 0.72	HOUS
MLP	+ 0.69	RMAX
MLP	+ 0.69	FTHM
FSV	+ 0.67	FTHM
FTHM	+ 0.63	HOUS

High negative correlations

MLP	- 0.79	NEN
FTHM	- 0.72	NEN
NEN	- 0.55	RMAX
FSV	- 0.52	NEN
NEN	- 0.46	HOUS
HOUS	- 0.42	MAYS

Risk-Adjusted Indicators

There is a big difference between Transcontinental Stock performing well and Transcontinental 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 Transcontinental'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
FRPH	1.11	(0.09)	(0.08)	0.02	1.46	(1.17)	2.45	(2.75)	10.22
MAYS	1.73	(0.13)	0.00	5.81	0.00	0.00	3.83	(5.61)	16.12
HOUS	2.77	0.12	0.07	0.19	3.16	(3.17)	7.54	(4.37)	19.58
RMAX	1.99	(0.04)	0.01	0.10	2.40	(2.16)	4.11	(3.88)	10.31
NEN	0.69	(0.10)	0.00	(0.35)	0.00	0.00	2.04	(2.01)	8.30
MMI	1.41	(0.18)	0.00	(0.02)	0.00	0.00	2.72	(3.16)	7.96
FTHM	4.90	0.84	0.18	0.68	4.51	(6.26)	11.11	(7.44)	44.49
FSV	0.76	0.01	(0.04)	0.15	1.05	(0.72)	1.77	(1.87)	5.62
MLP	2.66	(0.11)	0.01	0.08	3.14	(2.62)	5.94	(4.60)	16.69

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