Tejon Ranch Correlations

TRC Stock

USD 18.10 0.12 0.66%

The current 90-days correlation between Tejon Ranch and Alico Inc is 0.37 (i.e., Weak diversification). The correlation of Tejon Ranch 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.

Tejon Ranch Correlation With Market

Weak diversification

The correlation between Tejon Ranch Co 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 Tejon Ranch Co and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Tejon Stock

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

Moving together with Tejon Stock

0.63	Z	Zillow Group Class	Pair Corr
0.74	ARE	Alexandria Real Estate Earnings Call Tomorrow	Pair Corr
0.64	CIO	City Office	Pair Corr
0.66	DEI	Douglas Emmett	Pair Corr
0.61	INN	Summit Hotel Properties	Pair Corr
0.62	DX	Dynex Capital Earnings Call Tomorrow	Pair Corr
0.8	HR	Healthcare Realty Trust Sell-off Trend	Pair Corr
0.8	KW	Kennedy Wilson Holdings	Pair Corr

Moving against Tejon Stock

0.67	GTY	Getty Realty Earnings Call This Week	Pair Corr
0.46	CRESY	Cresud SACIF y	Pair Corr
0.35	INVH	Invitation Homes Earnings Call This Week	Pair Corr
0.34	UK	Ucommune International	Pair Corr

Related Correlations Analysis

	ALCO	ALEX	CODI-PA	CTO	JOE	MATW	MLP	SEB	SPLP	VMI
ALCO		0.82	-0.59	-0.03	0.78	0.83	0.76	0.77	-0.66	0.85	ALCO
ALEX	0.82		-0.57	0.25	0.78	0.68	0.76	0.63	-0.42	0.89	ALEX
CODI-PA	-0.59	-0.57		-0.21	-0.28	-0.26	-0.25	-0.06	0.05	-0.55	CODI-PA
CTO	-0.03	0.25	-0.21		-0.19	-0.21	0.1	-0.24	0.56	-0.08	CTO
JOE	0.78	0.78	-0.28	-0.19		0.88	0.78	0.85	-0.73	0.88	JOE
MATW	0.83	0.68	-0.26	-0.21	0.88		0.81	0.9	-0.78	0.81	MATW
MLP	0.76	0.76	-0.25	0.1	0.78	0.81		0.77	-0.61	0.75	MLP
SEB	0.77	0.63	-0.06	-0.24	0.85	0.9	0.77		-0.79	0.71	SEB
SPLP	-0.66	-0.42	0.05	0.56	-0.73	-0.78	-0.61	-0.79		-0.58	SPLP
VMI	0.85	0.89	-0.55	-0.08	0.88	0.81	0.75	0.71	-0.58		VMI
	ALCO	ALEX	CODI-PA	CTO	JOE	MATW	MLP	SEB	SPLP	VMI

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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

SEB	+ 0.9	MATW
VMI	+ 0.89	ALEX
MATW	+ 0.88	JOE
VMI	+ 0.88	JOE
VMI	+ 0.85	ALCO
SEB	+ 0.85	JOE

High negative correlations

SPLP	- 0.79	SEB
SPLP	- 0.78	MATW
SPLP	- 0.73	JOE
SPLP	- 0.66	ALCO
SPLP	- 0.61	MLP
CODI-PA	- 0.59	ALCO

Risk-Adjusted Indicators

There is a big difference between Tejon Stock performing well and Tejon Ranch 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 Tejon Ranch'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
ALCO	1.02	0.12	0.03	0.48	1.11	(1.12)	2.60	(2.11)	7.70
ALEX	0.74	0.04	(0.02)	0.21	0.94	(0.79)	1.51	(2.00)	5.82
CODI-PA	2.67	(0.11)	0.00	(0.24)	0.00	0.00	6.39	(6.48)	32.44
CTO	0.88	(0.11)	0.00	(0.04)	0.00	0.00	1.81	(2.04)	8.65
JOE	1.28	0.07	0.06	0.19	1.42	(1.40)	2.88	(2.89)	8.50
MATW	2.06	0.11	0.06	0.21	2.30	(2.13)	4.15	(4.39)	13.60
MLP	2.66	(0.11)	0.01	0.08	3.14	(2.62)	5.94	(4.60)	16.69
SEB	1.21	0.19	0.10	0.57	1.02	(1.50)	3.05	(1.90)	8.06
SPLP	1.99	(0.12)	0.00	(0.23)	0.00	0.00	5.70	(4.47)	22.69
VMI	1.17	0.10	0.12	0.22	0.80	(1.53)	3.10	(1.46)	6.21

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