Gladstone Commercial Correlations
| GOODN Preferred Stock | USD 21.45 0.46 2.10% |
The correlation of Gladstone Commercial 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gladstone Commercial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gladstone Commercial Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Modest diversification
The correlation between Gladstone Commercial Corp and NYA is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gladstone Commercial Corp and NYA in the same portfolio, assuming nothing else is changed.
Gladstone |
The ability to find closely correlated positions to Gladstone Commercial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gladstone Commercial 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 Gladstone Commercial - 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 Gladstone Commercial Corp to buy it.
Moving together with Gladstone Preferred Stock
| 0.62 | MDRR | Medalist Diversified Reit | PairCorr |
| 0.76 | GOODO | Gladstone Commercial Corp | PairCorr |
| 0.74 | SQFTP | Presidio Property Trust | PairCorr |
Moving against Gladstone Preferred Stock
| 0.73 | MDRRP | Medalist Diversified Reit | PairCorr |
| 0.55 | NXDT | NexPoint Strategic | PairCorr |
| 0.76 | HR | Healthcare Realty Trust Financial Report 14th of May 2024 | PairCorr |
| 0.76 | KW | Kennedy Wilson Holdings Financial Report 1st of May 2024 | PairCorr |
| 0.49 | RC | Ready Capital Corp Earnings Call Next Week | PairCorr |
Related Correlations Analysis
| -0.26 | -0.11 | 0.0 | -0.42 | CIO-PA | ||
| -0.26 | 0.64 | 0.72 | 0.55 | AHH-PA | ||
| -0.11 | 0.64 | 0.77 | 0.33 | DLR-PL | ||
| 0.0 | 0.72 | 0.77 | 0.51 | GNL-PB | ||
| -0.42 | 0.55 | 0.33 | 0.51 | BHR-PD | ||
| 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
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Risk-Adjusted Indicators
There is a big difference between Gladstone Preferred Stock performing well and Gladstone Commercial 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 Gladstone Commercial'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 | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CIO-PA | 1.35 | 0.00 | (0.04) | 0.16 | 1.80 | 2.81 | 9.27 | |||
| AHH-PA | 0.77 | (0.11) | 0.00 | (0.43) | 0.00 | 1.28 | 4.94 | |||
| DLR-PL | 0.64 | (0.09) | 0.00 | (0.54) | 0.00 | 1.18 | 3.27 | |||
| GNL-PB | 1.11 | (0.10) | 0.00 | (2.46) | 0.00 | 2.22 | 9.08 | |||
| BHR-PD | 1.23 | (0.11) | 0.00 | 0.37 | 0.00 | 2.07 | 6.84 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Gladstone Commercial 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?
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Gladstone Commercial Corporate Directors
Gladstone Commercial corporate directors refer to members of a Gladstone Commercial board of directors. The board of directors generally takes responsibility for the Gladstone Commercial's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Gladstone Commercial's board members must vote for the resolution. The Gladstone Commercial board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Walter Wilkinson | Independent Director | Profile | |
| John Outland | Independent Director | Profile | |
| Michela English | Independent Director | Profile | |
| Anthony Parker | Independent Director | Profile |
Already Invested in Gladstone Commercial Corp?
The danger of trading Gladstone Commercial Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Gladstone Commercial is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Gladstone Commercial. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Gladstone Commercial Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gladstone Commercial Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. To learn how to invest in Gladstone Preferred Stock, please use our How to Invest in Gladstone Commercial guide.Note that the Gladstone Commercial Corp information on this page should be used as a complementary analysis to other Gladstone Commercial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for Gladstone Preferred Stock analysis
When running Gladstone Commercial's price analysis, check to measure Gladstone Commercial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Gladstone Commercial is operating at the current time. Most of Gladstone Commercial's value examination focuses on studying past and present price action to predict the probability of Gladstone Commercial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gladstone Commercial's price. Additionally, you may evaluate how the addition of Gladstone Commercial to your portfolios can decrease your overall portfolio volatility.
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