Rural Funds Correlations
| RFF Stock | 1.77 0.02 1.14% |
The current 90-days correlation between Rural Funds Group and Charter Hall Retail is 0.44 (i.e., Very weak diversification). The correlation of Rural Funds 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.
Rural Funds Correlation With Market
Significant diversification
The correlation between Rural Funds Group and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rural Funds Group and DJI in the same portfolio, assuming nothing else is changed.
Rural |
The ability to find closely correlated positions to Rural Funds could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rural Funds 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 Rural Funds - 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 Rural Funds Group to buy it.
Moving together with Rural Stock
| 0.91 | VCX | Vicinity Centres | PairCorr |
| 0.96 | CQR | Charter Hall Retail | PairCorr |
| 0.79 | CMW | Cromwell Property | PairCorr |
| 0.83 | GDI | GDI Property Group | PairCorr |
| 0.65 | AOF | Australian Unity Office | PairCorr |
| 0.7 | SFR | Sandfire Resources | PairCorr |
| 0.81 | BKW | Brickworks | PairCorr |
Moving against Rural Stock
| 0.84 | IDA | Indiana Resources | PairCorr |
| 0.82 | GMD | Genesis Minerals | PairCorr |
| 0.81 | JBH | JB Hi Fi | PairCorr |
| 0.79 | DEG | De Grey Mining | PairCorr |
| 0.79 | CBA | Commonwealth Bank | PairCorr |
| 0.79 | BIS | Bisalloy Steel Group | PairCorr |
| 0.78 | IMR | Imricor Medical Systems | PairCorr |
| 0.76 | MME | MoneyMe | PairCorr |
| 0.75 | PBH | Pointsbet Holdings | PairCorr |
| 0.74 | GDF | Garda Diversified Ppty | PairCorr |
| 0.7 | CDP | Carindale Property Trust | PairCorr |
| 0.69 | HUB | Hub24 | PairCorr |
| 0.69 | WBCPJ | Westpac Banking | PairCorr |
| 0.67 | ST1 | Spirit Telecom Split | PairCorr |
| 0.36 | BXB | Brambles | PairCorr |
| 0.31 | BSA | BSA | PairCorr |
| 0.86 | BVS | Bravura Solutions | PairCorr |
| 0.85 | TLX | Telix Pharmaceuticals | PairCorr |
| 0.84 | AME | Alto Metals | PairCorr |
| 0.84 | AHF | Australian Dairy Farms | PairCorr |
| 0.76 | BEN | Bendigo And Adelaide | PairCorr |
| 0.75 | SHO | SportsHero | PairCorr |
| 0.72 | AIQ | Alternative Investment | PairCorr |
| 0.71 | ABA | Auswide Bank | PairCorr |
| 0.7 | BPT | Beach Energy | PairCorr |
| 0.67 | FSI | Flagship Investments | PairCorr |
| 0.62 | HSN | Hansen Technologies | PairCorr |
| 0.59 | SUN | Suncorp Group | PairCorr |
| 0.54 | AVA | Ava Risk Group | PairCorr |
| 0.47 | SVW | SEVEN GROUP HOLDINGS | PairCorr |
Related Correlations Analysis
| 0.67 | 0.56 | -0.32 | -0.19 | SCG | ||
| 0.67 | 0.94 | -0.62 | 0.53 | VCX | ||
| 0.56 | 0.94 | -0.65 | 0.63 | CQR | ||
| -0.32 | -0.62 | -0.65 | -0.46 | CDP | ||
| -0.19 | 0.53 | 0.63 | -0.46 | AOF | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Rural Stock performing well and Rural Funds 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 Rural Funds' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SCG | 0.77 | (0.06) | 0.00 | (0.21) | 0.00 | 1.69 | 4.80 | |||
| VCX | 0.89 | (0.09) | 0.00 | 27.45 | 0.00 | 1.81 | 4.86 | |||
| CQR | 0.81 | (0.15) | 0.00 | (3.84) | 0.00 | 1.23 | 4.09 | |||
| CDP | 0.83 | 0.06 | 0.02 | (0.73) | 1.09 | 1.95 | 6.14 | |||
| AOF | 0.48 | (0.09) | 0.00 | 1.67 | 0.00 | 0.94 | 7.14 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Rural Funds 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.Did you try this?
Run Fundamental Analysis Now
Fundamental AnalysisView fundamental data based on most recent published financial statements |
| All Next | Launch Module |
Rural Funds Corporate Management
Elected by the shareholders, the Rural Funds' board of directors comprises two types of representatives: Rural Funds inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Rural. The board's role is to monitor Rural Funds' management team and ensure that shareholders' interests are well served. Rural Funds' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Rural Funds' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Craig Hall | Communications Limited | Profile | |
| David Bryant | MD Limited | Profile | |
| James Powell | Corporate IR | Profile | |
| Tim Sheridan | Chief Ltd | Profile | |
| Emma Spear | National Secretary | Profile | |
| Daniel Yap | Chief Limited | Profile |