Invitation Homes Correlations

Stocks . USA . 
Stock . Invitation Homes
INVH Stock  USD 32.40  0.73  2.20%   
The current 90-days correlation between Invitation Homes and American Homes 4 is 0.13 (i.e., Average diversification). The correlation of Invitation Homes 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.

Invitation Homes Correlation With Market

Very weak diversification

The correlation between Invitation Homes and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invitation Homes and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Invitation Homes. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
For more detail on how to invest in Invitation Stock please use our How to Invest in Invitation Homes guide.

Moving together with Invitation Stock

  0.76FR First Industrial RealtyPairCorr
  0.62WY Weyerhaeuser Fiscal Year End 23rd of January 2025 PairCorr
  0.66VICI VICI PropertiesPairCorr
  0.64ELME Elme CommunitiesPairCorr
  0.64EPRT Essential PropertiesPairCorr
  0.75FCPT Four Corners PropertyPairCorr
  0.69AHH Armada Hflr PrPairCorr
  0.85AIV Apartment Investment andPairCorr
  0.72ALX AlexandersPairCorr
  0.84AMH American Homes 4PairCorr
  0.61AMT American Tower CorpPairCorr
  0.66CCI Crown Castle Fiscal Year End 22nd of January 2025 PairCorr
  0.71CPT Camden Property TrustPairCorr

Moving against Invitation Stock

  0.43UE Urban Edge PropertiesPairCorr
  0.36ESBA Empire State RealtyPairCorr
  0.32EQIX EquinixPairCorr
  0.31WELL WelltowerPairCorr
  0.61CDP COPT Defense PropertiesPairCorr
  0.53AKR Acadia Realty TrustPairCorr
  0.52FPI Farmland PartnersPairCorr
  0.46DEI Douglas EmmettPairCorr

Related Correlations Analysis

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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   
COLD
+ 0.83
SUI
CPT
+ 0.75
MAA
CPT
+ 0.73
AMH
SUI
+ 0.59
AMH
COLD
+ 0.49
AMH
MAA
+ 0.48
AMH
  
High negative correlations   
COLD
- 0.23
MAA

Risk-Adjusted Indicators

There is a big difference between Invitation Stock performing well and Invitation Homes 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 Invitation Homes' 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.

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