Two Harbors Correlations

Preferred Stocks . USA . 
Preferred Stock . Two Harbors Investment
TWO-PA Preferred Stock  USD 24.89  0.06  0.24%   
The current 90-days correlation between Two Harbors Investment and Two Harbors Investment is 0.27 (i.e., Modest diversification). The correlation of Two Harbors 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.

Two Harbors Correlation With Market

Average diversification

The correlation between Two Harbors Investment and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Two Harbors Investment and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Two Harbors could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Two Harbors 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 Two Harbors - 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 Two Harbors Investment to buy it.

Moving together with Two Preferred Stock

  0.92MITT-PA AG Mortgage InvestmentPairCorr
  0.93MITT-PB AG Mortgage InvestmentPairCorr
  0.84MITT-PC AG Mortgage InvestmentPairCorr
  0.9NREF-PA NexPoint Real EstatePairCorr
  0.85LFT-PA Lument Finance TrustPairCorr
  0.68ACR-PD ACRES Commercial RealtyPairCorr
  0.89ACR-PC ACRES Commercial RealtyPairCorr
  0.94TRTX-PC TPG RE FinancePairCorr
  0.86RC-PC Ready CapitalPairCorr
  0.86RC-PE Ready CapitalPairCorr
  0.85NLY-PI Annaly Capital ManagementPairCorr
  0.89NLY-PF Annaly Capital ManagementPairCorr
  0.77NLY-PG Annaly Capital ManagementPairCorr
  0.86IVR-PC Invesco Mortgage CapitalPairCorr
  0.76IVR-PB Invesco Mortgage CapitalPairCorr
  0.81RITM-PC Rithm Capital CorpPairCorr
  0.85RITM-PD Rithm Capital CorpPairCorr
  0.92RITM-PA Rithm Capital CorpPairCorr
  0.93RITM-PB Rithm Capital CorpPairCorr
  0.74NYMTN New York MortgagePairCorr
  0.91NYMTL New York MortgagePairCorr
  0.71NYMTM New York MortgagePairCorr
  0.81ARR-PC ARMOUR Residential REITPairCorr
  0.73CHMI-PA Cherry Hill MortgagePairCorr
  0.89TWO-PC Two Harbors InvestmentPairCorr
  0.93TWO-PB Two Harbors InvestmentPairCorr
  0.61MFA-PC MFA FinancialPairCorr
  0.84MFA-PB MFA FinancialPairCorr

Moving against Two Preferred Stock

  0.7ECRO Ecc Cap CorpPairCorr
  0.55MRTI Maxus Realty TrustPairCorr
  0.38ABR-PF Arbor Realty TrustPairCorr
  0.35SACH-PA Sachem Capital CorpPairCorr
  0.74AMCT American Education CenterPairCorr
  0.54DTLAP Brookfield DTLAPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Two Preferred Stock performing well and Two Harbors 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 Two Harbors' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TWO-PC  0.38  0.04 (0.06) 0.25  0.41 
(0.42)
 0.85 
(0.75)
 3.04 
CIM-PC  0.44  0.07 (0.06) 1.02  0.38 
(0.50)
 0.93 
(0.75)
 2.77 
CIM-PD  0.25  0.02 (0.17) 0.19  0.25 
(0.28)
 0.51 
(0.63)
 2.20 
CIM-PA  0.76  0.17  0.07  2.32  0.77 
(0.91)
 2.10 
(1.23)
 10.01 
TWO-PB  0.50  0.15  0.09  0.74  0.32 
(0.60)
 1.33 
(0.66)
 3.21 
IVR-PB  0.46  0.00 (0.11) 0.12  0.57 
(0.55)
 1.24 
(0.78)
 4.56 
MFA-PB  0.58  0.10  0.04  0.34  0.61 
(0.62)
 1.45 
(0.94)
 4.32 
IVR-PC  0.65  0.08  0.01  0.34  0.70 
(0.66)
 1.44 
(1.50)
 3.93 
CIM-PB  0.24  0.05 (0.21) 3.52  0.11 
(0.30)
 0.70 
(0.49)
 1.74 
PMT-PB  0.36  0.06 (0.03) 0.35  0.31 
(0.42)
 0.95 
(0.72)
 3.39 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Two Harbors 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 CEOs Directory Now

   

CEOs Directory

Screen CEOs from public companies around the world
All  Next Launch Module

Two Harbors Corporate Management

Corey StolhammerAssociate RelationsProfile
Paulenier SimsDirector RelationsProfile
Jason VinarVP OperationsProfile
Robert RushVP OfficerProfile
Alecia HansonVP OfficerProfile
Sheila LichtyVP TreasurerProfile
William GreenbergCEO PresProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY