GLADSTONE LAND Correlations
| 3L4 Stock | EUR 9.95 0.22 2.16% |
The current 90-days correlation between GLADSTONE LAND L and Montea Comm VA is -0.05 (i.e., Good diversification). The correlation of GLADSTONE LAND 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.
GLADSTONE LAND Correlation With Market
Significant diversification
The correlation between GLADSTONE LAND L 001 and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GLADSTONE LAND L 001 and DJI in the same portfolio, assuming nothing else is changed.
GLADSTONE |
The ability to find closely correlated positions to GLADSTONE LAND could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GLADSTONE LAND when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back GLADSTONE LAND - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling GLADSTONE LAND L 001 to buy it.
Moving together with GLADSTONE Stock
| 0.76 | 3I0 | REXFORD INDREALTY | PairCorr |
| 0.85 | WPHB | Warehouses De Pauw | PairCorr |
| 0.78 | M8E | Montea Comm VA | PairCorr |
Moving against GLADSTONE Stock
| 0.85 | M6G | Macerich | PairCorr |
| 0.82 | NTO | Nintendo | PairCorr |
| 0.48 | J2E | Jupiter Energy | PairCorr |
| 0.35 | H1Q | China BlueChemical | PairCorr |
| 0.9 | AMZ | Amazon Inc | PairCorr |
| 0.89 | AMZ | Amazon Inc | PairCorr |
| 0.89 | WMT | Walmart | PairCorr |
| 0.85 | 5B9 | Broadridge Financial | PairCorr |
| 0.81 | GTT | TEGNA Inc | PairCorr |
| 0.8 | TLX | Talanx AG | PairCorr |
| 0.78 | BSI | BE Semiconductor Ind | PairCorr |
| 0.77 | FQI | Digital Realty Trust | PairCorr |
| 0.72 | ALS | Allstate | PairCorr |
| 0.68 | UB5 | US Bancorp | PairCorr |
| 0.65 | D1LN | Direct Line Insurance | PairCorr |
| 0.65 | 20V | National Beverage Corp | PairCorr |
| 0.58 | 19P | Phreesia | PairCorr |
| 0.43 | VOX | VOXX International | PairCorr |
| 0.39 | FOJ1 | Premier Foods PLC | PairCorr |
| 0.9 | QCH | COMPUTERSHARE | PairCorr |
| 0.9 | 4GNB | Wal Mart de | PairCorr |
| 0.87 | ABEA | Alphabet Class A | PairCorr |
| 0.83 | MEL | Meli Hotels International | PairCorr |
| 0.82 | UFH | US Foods Holding | PairCorr |
| 0.81 | CIS | Cisco Systems | PairCorr |
Related Correlations Analysis
| 0.56 | 0.52 | 0.76 | 0.49 | 0.44 | FG8 | ||
| 0.56 | 0.04 | 0.49 | 0.1 | 0.01 | F5W | ||
| 0.52 | 0.04 | 0.48 | 0.97 | 0.85 | WPHB | ||
| 0.76 | 0.49 | 0.48 | 0.48 | 0.28 | 4GC | ||
| 0.49 | 0.1 | 0.97 | 0.48 | 0.78 | M8E | ||
| 0.44 | 0.01 | 0.85 | 0.28 | 0.78 | 3L4 | ||
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Risk-Adjusted Indicators
There is a big difference between GLADSTONE Stock performing well and GLADSTONE LAND 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 GLADSTONE LAND'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FG8 | 1.09 | (0.21) | 0.00 | (0.54) | 0.00 | 2.09 | 6.72 | |||
| F5W | 0.90 | (0.03) | 0.00 | (0.05) | 0.00 | 1.68 | 5.02 | |||
| WPHB | 1.06 | (0.38) | 0.00 | (91.84) | 0.00 | 1.86 | 7.52 | |||
| 4GC | 1.25 | (0.21) | 0.00 | (0.26) | 0.00 | 2.15 | 11.08 | |||
| M8E | 1.04 | (0.29) | 0.00 | (1.24) | 0.00 | 1.91 | 6.40 | |||
| 3L4 | 1.11 | (0.31) | 0.00 | (2.93) | 0.00 | 1.87 | 7.76 |
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