Alstria Office Correlations

AOX Stock

EUR 7.64 0.06 0.78%

The current 90-days correlation between alstria office REIT and ORIX JREIT INC is -0.13 (i.e., Good diversification). The correlation of Alstria Office 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.

Alstria Office Correlation With Market

Good diversification

The correlation between alstria office REIT AG and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding alstria office REIT AG and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Alstria Office could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alstria Office 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 Alstria Office - 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 alstria office REIT AG to buy it.

Moving together with Alstria Stock

0.81	FQI	Digital Realty Trust	Pair Corr
0.69	GEI	SL Green Realty	Pair Corr
0.68	KRC	Kilroy Realty Corp	Pair Corr
0.79	VO7	Vornado Realty Trust	Pair Corr
0.82	SVM	Sovereign Metals	Pair Corr

Moving against Alstria Stock

0.88	HSC2	Inmobiliaria Colonial	Pair Corr
0.87	GI6A	Gecina SA	Pair Corr
0.8	8VY	SCANDION ONC DK	Pair Corr
0.68	MJB	Mirvac Group	Pair Corr
0.67	JUA	Japan Real Estate	Pair Corr
0.57	DBPD	Xtrackers ShortDAX	Pair Corr
0.52	ODQ	ODYSSEY GOLD LTD	Pair Corr
0.33	C4X	Onxeo SA	Pair Corr

Related Correlations Analysis

	O2F	8SP	2DG	NOH1	RS6	XYTA	9K1	3RKU	VUSA	MEL
O2F		-0.49	-0.73	0.21	0.76	-0.37	-0.84	0.72	0.75	0.51	O2F
8SP	-0.49		0.69	-0.43	-0.72	-0.28	0.48	-0.22	-0.69	-0.66	8SP
2DG	-0.73	0.69		-0.47	-0.89	-0.16	0.75	-0.66	-0.92	-0.73	2DG
NOH1	0.21	-0.43	-0.47		0.54	0.37	-0.21	0.18	0.47	0.17	NOH1
RS6	0.76	-0.72	-0.89	0.54		0.14	-0.72	0.6	0.92	0.65	RS6
XYTA	-0.37	-0.28	-0.16	0.37	0.14		0.14	-0.19	0.22	0.14	XYTA
9K1	-0.84	0.48	0.75	-0.21	-0.72	0.14		-0.87	-0.83	-0.7	9K1
3RKU	0.72	-0.22	-0.66	0.18	0.6	-0.19	-0.87		0.71	0.53	3RKU
VUSA	0.75	-0.69	-0.92	0.47	0.92	0.22	-0.83	0.71		0.76	VUSA
MEL	0.51	-0.66	-0.73	0.17	0.65	0.14	-0.7	0.53	0.76		MEL
	O2F	8SP	2DG	NOH1	RS6	XYTA	9K1	3RKU	VUSA	MEL

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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

VUSA	+ 0.92	RS6
RS6	+ 0.76	O2F
MEL	+ 0.76	VUSA
VUSA	+ 0.75	O2F
9K1	+ 0.75	2DG
3RKU	+ 0.72	O2F

High negative correlations

VUSA	- 0.92	2DG
RS6	- 0.89	2DG
3RKU	- 0.87	9K1
9K1	- 0.84	O2F
VUSA	- 0.83	9K1
MEL	- 0.73	2DG

Risk-Adjusted Indicators

There is a big difference between Alstria Stock performing well and Alstria Office 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 Alstria Office'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
O2F	0.72	0.01	(0.02)	0.13	0.85	(1.29)	2.04	(1.56)	6.55
8SP	2.13	(0.20)	0.00	(3.42)	0.00	0.00	3.36	(4.50)	20.22
2DG	5.40	(0.38)	0.00	(0.18)	0.00	0.00	13.64	(10.00)	52.42
NOH1	1.93	0.07	0.02	0.17	1.86	(2.77)	6.61	(3.25)	13.10
RS6	1.36	0.16	0.08	0.68	1.34	(1.54)	2.94	(2.17)	13.65
XYTA	12.32	4.53	0.15	(1.79)	8.16	(55.21)	33.33	(20.00)	233.33
9K1	1.76	(0.36)	0.00	1.54	0.00	0.00	2.94	(4.66)	14.80
3RKU	1.54	0.45	0.23	1.69	1.25	(2.12)	3.31	(2.40)	9.54
VUSA	0.56	0.15	0.17	0.24	0.48	(0.61)	1.19	(1.04)	6.02
MEL	1.16	0.22	0.13	2.56	1.03	(1.42)	3.33	(1.78)	7.09

Be your own money manager

Our tools can tell you how much better you can do entering a position in Alstria Office without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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