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Last Update: 09-Oct-2024, 18:01 CST

GMRE Correlation Report

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Correlation Plot    ExplainYTD: GMRE  -12.3 %  vs. SPX  21.4 % 
Global Medical REIT Inc.

* Correlation: MODERATE* Reward: correlation not >= 0.6 or <= -0.6
* Diversifier: WEAK* Risk: MODERATE

CC *Alpha *Beta *RR *R-Scatter *% Win *

0.515

-0.004

1.50

-1

-8.7

50.0
* Last 60 market days. GMRE relative to SPX - S&P 500 Index
Most Correlated Non-ETF Securities:
RankGMRE CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
1
0.717 Subscribe first then Login to view complete reports now

0.648

-0.302

2.54
2
1
0.711 Subscribe first then Login to view complete reports now

0.562

0.215

1.58
3
19
0.689 Subscribe first then Login to view complete reports now

0.525

0.202

1.21
4
3
0.668 Subscribe first then Login to view complete reports now

0.562

-0.009

1.82
5
1
0.667 PDM - Piedmont Office Realty Trust Inc. Class A

0.601

0.215

1.81
Least Correlated Non-ETF Securities:
RankGMRE CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
50
-0.001 Subscribe first then Login to view complete reports now

-0.226

0.262

-0.97
2
16
0.001 Subscribe first then Login to view complete reports now

0.207

-0.642

4.80
3
34
-0.002 Subscribe first then Login to view complete reports now

-0.012

-0.053

-8.88
4
1
-0.004 Subscribe first then Login to view complete reports now

0.164

-1.563

4.74
5
17
0.004 TNON - Tenon Medical Inc.

0.117

-2.793

6.55
Most Anti-Correlated Non-ETF Securities:
RankGMRE CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
-0.350 Subscribe first then Login to view complete reports now

-0.202

-0.610

-8.16
2
-0.325 Subscribe first then Login to view complete reports now

-0.287

-0.490

-5.88
3
1
-0.313 Subscribe first then Login to view complete reports now

-0.040

-3.037

-6.78
4
1
-0.280 Subscribe first then Login to view complete reports now

-0.317

1.721

-13.34
5
1
-0.255 USDAUD - US Dollar Australian Dollar

-0.500

0.003

-0.52




 

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