UMH Properties Correlations

UMH Stock

USD 16.91 0.01 0.06%

The current 90-days correlation between UMH Properties and Nexpoint Residential Trust is 0.71 (i.e., Poor diversification). The correlation of UMH Properties 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.

UMH Properties Correlation With Market

Very weak diversification

The correlation between UMH Properties and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UMH Properties and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with UMH Stock

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

For more detail on how to invest in UMH Stock please use our How to Invest in UMH Properties guide.

Moving together with UMH Stock

0.65

AVB

AvalonBay Communities

Pair Corr

Moving against UMH Stock

0.34

FISK

Empire State Realty

Pair Corr

Related Correlations Analysis

	ELS	SUI	NXRT	CLPR	UDR	OLP	RPT
ELS		-0.43	0.64	-0.16	0.47	-0.21	-0.05	ELS
SUI	-0.43		-0.45	0.16	-0.08	0.48	0.1	SUI
NXRT	0.64	-0.45		-0.19	0.79	-0.33	0.4	NXRT
CLPR	-0.16	0.16	-0.19		0.14	0.08	0.18	CLPR
UDR	0.47	-0.08	0.79	0.14		0.04	0.49	UDR
OLP	-0.21	0.48	-0.33	0.08	0.04		-0.04	OLP
RPT	-0.05	0.1	0.4	0.18	0.49	-0.04		RPT
	ELS	SUI	NXRT	CLPR	UDR	OLP	RPT

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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

UDR	+ 0.79	NXRT
NXRT	+ 0.64	ELS
RPT	+ 0.49	UDR
OLP	+ 0.48	SUI
UDR	+ 0.47	ELS
RPT	+ 0.4	NXRT

High negative correlations

NXRT	- 0.45	SUI
SUI	- 0.43	ELS
OLP	- 0.33	NXRT
OLP	- 0.21	ELS
CLPR	- 0.19	NXRT
CLPR	- 0.16	ELS

Risk-Adjusted Indicators

There is a big difference between UMH Stock performing well and UMH Properties 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 UMH Properties' 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
ELS	0.84	(0.12)	0.00	(0.26)	0.00	0.00	1.55	(1.78)	4.16
SUI	0.93	0.02	(0.03)	0.17	1.24	(0.90)	1.71	(1.75)	9.17
NXRT	1.08	(0.15)	0.00	(0.06)	0.00	0.00	2.37	(2.45)	6.88
CLPR	2.22	0.11	0.04	0.24	2.90	(2.41)	5.68	(4.29)	18.38
UDR	0.90	(0.07)	(0.10)	0.02	1.13	(0.95)	1.76	(1.78)	6.07
OLP	0.93	(0.12)	0.00	(0.05)	0.00	0.00	1.77	(2.68)	7.76
RPT	1.57	0.01	0.01	0.14	1.65	(1.83)	3.65	(2.72)	10.00

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