Clipper Realty Correlations

CLPR Stock

USD 3.20 0.01 0.31%

The current 90-days correlation between Clipper Realty and Bluerock Homes Trust is 0.32 (i.e., Weak diversification). The correlation of Clipper Realty 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.

Clipper Realty Correlation With Market

Good diversification

The correlation between Clipper Realty and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clipper Realty and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Clipper Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clipper Realty. 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.

To learn how to invest in Clipper Stock, please use our How to Invest in Clipper Realty guide.

Moving together with Clipper Stock

0.62	CSR	Centerspace	Pair Corr
0.63	IRT	Independence Realty Trust	Pair Corr
0.65	NXRT	Nexpoint Residential	Pair Corr

Moving against Clipper Stock

0.5	TRC	Tejon Ranch Earnings Call This Week	Pair Corr
0.45	JOE	St Joe Company	Pair Corr
0.36	CTO	CTO Realty Growth	Pair Corr
0.54	CIZN	Citizens Holding	Pair Corr
0.49	ASTLW	Algoma Steel Group	Pair Corr
0.42	LYV	Live Nation Entertainment	Pair Corr
0.38	NYT	New York Times	Pair Corr
0.34	AP	Ampco Pittsburgh	Pair Corr
0.33	TMHC	Taylor Morn Home	Pair Corr
0.33	GRBMF	Grupo Bimbo SAB	Pair Corr
0.31	TSM	Taiwan Semiconductor	Pair Corr
0.31	ZHAOF	Zhaojin Mining Industry	Pair Corr

Related Correlations Analysis

	LOAN	SELF	BHM	SACH	SCCF	OPAD	AFCG	SCCG	SOHO	RFL
LOAN		-0.13	-0.44	0.24	-0.53	0.58	0.72	-0.48	-0.49	0.13	LOAN
SELF	-0.13		0.28	-0.06	0.19	-0.11	-0.11	0.24	0.1	0.02	SELF
BHM	-0.44	0.28		-0.17	0.36	-0.3	-0.15	0.35	0.4	-0.1	BHM
SACH	0.24	-0.06	-0.17		0.15	0.2	0.18	0.12	-0.27	0.52	SACH
SCCF	-0.53	0.19	0.36	0.15		-0.75	-0.68	0.9	0.37	-0.15	SCCF
OPAD	0.58	-0.11	-0.3	0.2	-0.75		0.76	-0.62	-0.68	0.3	OPAD
AFCG	0.72	-0.11	-0.15	0.18	-0.68	0.76		-0.56	-0.46	0.19	AFCG
SCCG	-0.48	0.24	0.35	0.12	0.9	-0.62	-0.56		0.27	-0.25	SCCG
SOHO	-0.49	0.1	0.4	-0.27	0.37	-0.68	-0.46	0.27		0.11	SOHO
RFL	0.13	0.02	-0.1	0.52	-0.15	0.3	0.19	-0.25	0.11		RFL
	LOAN	SELF	BHM	SACH	SCCF	OPAD	AFCG	SCCG	SOHO	RFL

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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

SCCG	+ 0.9	SCCF
AFCG	+ 0.76	OPAD
AFCG	+ 0.72	LOAN
OPAD	+ 0.58	LOAN
RFL	+ 0.52	SACH
SOHO	+ 0.4	BHM

High negative correlations

OPAD	- 0.75	SCCF
SOHO	- 0.68	OPAD
AFCG	- 0.68	SCCF
SCCG	- 0.62	OPAD
SCCG	- 0.56	AFCG
SCCF	- 0.53	LOAN

Risk-Adjusted Indicators

There is a big difference between Clipper Stock performing well and Clipper Realty 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 Clipper Realty'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
LOAN	0.76	(0.07)	0.00	(0.22)	0.00	0.00	2.14	(1.68)	5.86
SELF	0.81	0.04	(0.01)	(0.14)	0.90	(1.00)	1.79	(1.75)	5.79
BHM	3.31	0.34	0.07	(0.33)	3.34	(4.35)	8.50	(6.83)	24.60
SACH	1.37	0.06	0.02	0.15	1.71	(1.91)	2.97	(2.91)	13.97
SCCF	0.27	0.05	0.03	(0.59)	0.17	(0.34)	0.52	(0.62)	1.76
OPAD	5.15	(1.29)	0.00	(0.34)	0.00	0.00	9.19	(11.21)	62.80
AFCG	3.17	(0.16)	0.00	0.67	0.00	0.00	6.16	(6.53)	25.20
SCCG	0.52	0.04	0.01	0.42	0.57	(0.59)	1.11	(0.99)	2.82
SOHO	0.41	0.06	0.04	0.86	0.31	(0.69)	0.93	(0.47)	3.64
RFL	2.47	0.35	0.08	(5.67)	3.15	(3.38)	6.78	(3.28)	31.43

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