Clipper Realty Correlations

CLPR Stock

USD 3.45 0.05 1.47%

The current 90-days correlation between Clipper Realty and AFC Gamma is 0.07 (i.e., Significant 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

Weak diversification

The correlation between Clipper Realty and DJI is 0.38 (i.e., Weak 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 employment.

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

Moving together with Clipper Stock

0.72	AVB	AvalonBay Communities	Pair Corr
0.64	EQR	Equity Residential	Pair Corr
0.75	VEII	Value Exchange Inter	Pair Corr

Moving against Clipper Stock

0.83	TSEM	Tower Semiconductor	Pair Corr
0.79	CRESY	Cresud SACIF y	Pair Corr
0.76	MTSI	MACOM Technology Sol	Pair Corr
0.74	VCYT	Veracyte	Pair Corr
0.72	CTO	CTO Realty Growth	Pair Corr
0.71	TUXS	Tuxis	Pair Corr
0.68	MU	Micron Technology Earnings Call Tomorrow	Pair Corr
0.65	FEMY	Femasys	Pair Corr
0.63	VERA	Vera Therapeutics	Pair Corr
0.62	BJURF	Bonjour Holdings	Pair Corr
0.62	NVGS	Navigator Holdings	Pair Corr
0.61	CLCO	Cool Company	Pair Corr
0.58	AXP	American Express	Pair Corr
0.54	SKY	Skyline	Pair Corr
0.53	HGGCF	Highway 50 Gold	Pair Corr
0.45	AIPUY	Airports of Thailand	Pair Corr
0.45	LULU	Lululemon Athletica	Pair Corr
0.4	ULTA	Ulta Beauty	Pair Corr
0.36	MTZ	MasTec Inc	Pair Corr
0.84	FDX	FedEx Earnings Call This Week	Pair Corr
0.82	RLMD	Relmada Therapeutics	Pair Corr
0.82	TER	Teradyne	Pair Corr
0.81	CBOE	Cboe Global Markets	Pair Corr
0.77	KMT	Kennametal	Pair Corr
0.76	GALNF	Galenica AG	Pair Corr
0.75	CUAEF	China Shenhua Energy	Pair Corr
0.75	FYBR	Frontier Communications Sell-off Trend	Pair Corr
0.72	ATZAF	Aritzia	Pair Corr
0.71	SB	Safe Bulkers	Pair Corr
0.68	TPRP	Tower Properties	Pair Corr

Related Correlations Analysis

	LOAN	SELF	BHM	SACH	SCCF	OPAD	AFCG	SCCG	SOHO	RFL
LOAN		-0.42	0.83	0.55	-0.12	0.81	0.83	-0.03	-0.88	0.55	LOAN
SELF	-0.42		-0.18	0.04	0.48	-0.04	-0.1	0.22	0.3	-0.1	SELF
BHM	0.83	-0.18		0.45	-0.04	0.91	0.86	-0.09	-0.87	0.31	BHM
SACH	0.55	0.04	0.45		0.24	0.5	0.68	0.2	-0.45	0.66	SACH
SCCF	-0.12	0.48	-0.04	0.24		0.01	-0.01	0.69	0.18	0.08	SCCF
OPAD	0.81	-0.04	0.91	0.5	0.01		0.92	-0.04	-0.85	0.53	OPAD
AFCG	0.83	-0.1	0.86	0.68	-0.01	0.92		0.0	-0.8	0.58	AFCG
SCCG	-0.03	0.22	-0.09	0.2	0.69	-0.04	0.0		0.14	0.08	SCCG
SOHO	-0.88	0.3	-0.87	-0.45	0.18	-0.85	-0.8	0.14		-0.44	SOHO
RFL	0.55	-0.1	0.31	0.66	0.08	0.53	0.58	0.08	-0.44		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

AFCG	+ 0.92	OPAD
OPAD	+ 0.91	BHM
AFCG	+ 0.86	BHM
BHM	+ 0.83	LOAN
AFCG	+ 0.83	LOAN
OPAD	+ 0.81	LOAN

High negative correlations

SOHO	- 0.88	LOAN
SOHO	- 0.87	BHM
SOHO	- 0.85	OPAD
SOHO	- 0.8	AFCG
SOHO	- 0.45	SACH
RFL	- 0.44	SOHO

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	1.03	(0.15)	0.00	(0.25)	0.00	0.00	1.72	(2.68)	6.85
SELF	0.79	(0.02)	0.00	(0.24)	0.00	0.00	1.66	(1.58)	4.01
BHM	1.94	(0.49)	0.00	(0.75)	0.00	0.00	3.89	(6.52)	12.28
SACH	2.45	(0.22)	0.00	(0.10)	0.00	0.00	4.90	(5.08)	17.36
SCCF	0.42	0.00	(0.09)	0.02	0.69	(0.44)	1.13	(0.92)	4.36
OPAD	5.53	(1.64)	0.00	(0.27)	0.00	0.00	11.11	(12.79)	44.27
AFCG	2.66	(0.55)	0.00	(0.21)	0.00	0.00	5.14	(5.85)	14.59
SCCG	0.38	0.04	(0.07)	2.84	0.39	(0.47)	0.89	(0.79)	2.41
SOHO	5.31	2.30	0.81	1.86	1.34	(8.26)	9.52	(4.21)	142.04
RFL	2.51	(0.03)	0.00	0.17	0.00	0.00	6.77	(3.42)	26.00

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