Apartment Investment Related Correlations

A1IV34 Stock

BRL 41.59 0.75 1.84%

Generate correlation matrix for Apartment Investment and other related equities to check the degree to which Apartment Investment and price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Apartment Investment and. To filter out specific equities, please toggle its corresponding legend item. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Apartment Investment and. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

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Please note, there is a significant difference between Apartment Investment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Apartment Investment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Apartment Investment's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

	RSUL4	LEVE3	A1TH34	CHCM34	Z1OM34	TELB4
RSUL4		0.23	0.09	0.13	0.65	0.14	RSUL4
LEVE3	0.23		-0.13	0.0	0.26	0.26	LEVE3
A1TH34	0.09	-0.13		-0.72	-0.2	-0.6	A1TH34
CHCM34	0.13	0.0	-0.72		0.33	0.77	CHCM34
Z1OM34	0.65	0.26	-0.2	0.33		0.33	Z1OM34
TELB4	0.14	0.26	-0.6	0.77	0.33		TELB4
	RSUL4	LEVE3	A1TH34	CHCM34	Z1OM34	TELB4

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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

TELB4	+ 0.77	CHCM34
Z1OM34	+ 0.65	RSUL4
Z1OM34	+ 0.33	CHCM34
TELB4	+ 0.33	Z1OM34
Z1OM34	+ 0.26	LEVE3
TELB4	+ 0.26	LEVE3

High negative correlations

CHCM34	- 0.72	A1TH34
TELB4	- 0.6	A1TH34
Z1OM34	- 0.2	A1TH34
A1TH34	- 0.13	LEVE3
CHCM34	- 0.0	LEVE3

Risk-Adjusted Indicators

There is a big difference between Apartment Stock performing well and Apartment Investment 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 Apartment Investment'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	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RSUL4	1.44	(0.08)	(0.04)	0.00	0.00	2.58	(4.13)	10.39
LEVE3	1.30	(0.12)	(0.06)	0.00	0.00	2.36	(2.58)	10.67
A1TH34	1.13	0.06	0.32	1.33	(2.41)	3.16	(2.37)	12.25
CHCM34	1.74	(0.42)	(0.48)	0.00	0.00	2.55	(4.31)	17.71
Z1OM34	1.50	(0.13)	(0.23)	0.00	0.00	3.73	(3.50)	14.63
TELB4	1.49	(0.33)	(23.05)	0.00	0.00	2.79	(3.52)	9.60

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Apartment Investment Related Correlations

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Risk-Adjusted Indicators

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