Agree Realty Correlations
| ADC-PA Preferred Stock | USD 17.81 0.01 0.06% |
The current 90-days correlation between Agree Realty and Federal Realty Investment is 0.64 (i.e., Poor diversification). The correlation of Agree Realty 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.
Agree Realty Correlation With Market
Weak diversification
The correlation between Agree Realty and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Agree Realty and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Agree Realty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Agree Realty 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 Agree Realty - 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 Agree Realty to buy it.
Moving together with Agree Preferred Stock
| 0.79 | BFS-PD | Saul Centers | PairCorr |
| 0.78 | BFS-PE | Saul Centers | PairCorr |
| 0.71 | SPG-PJ | Simon Property Group | PairCorr |
| 0.63 | KIM-PM | Kimco Realty | PairCorr |
| 0.8 | KIM-PL | Kimco Realty | PairCorr |
| 0.75 | KIM-PN | Kimco Realty | PairCorr |
| 0.64 | FRT-PC | Federal Realty Investment | PairCorr |
| 0.69 | O | Realty Income Earnings Call This Week | PairCorr |
| 0.91 | HR | Healthcare Realty Trust | PairCorr |
| 0.93 | KW | Kennedy Wilson Holdings Earnings Call This Week | PairCorr |
| 0.61 | OZ | Belpointe PREP LLC | PairCorr |
| 0.79 | PK | Park Hotels Resorts | PairCorr |
| 0.75 | RC | Ready Capital Corp | PairCorr |
| 0.86 | UE | Urban Edge Properties | PairCorr |
| 0.63 | WY | Weyerhaeuser | PairCorr |
| 0.67 | DOUG | Douglas Elliman | PairCorr |
| 0.69 | VNO-PO | Vornado Realty Trust | PairCorr |
| 0.79 | VICI | VICI Properties Earnings Call This Week | PairCorr |
Moving against Agree Preferred Stock
| 0.65 | CDR-PC | Cedar Realty Trust Downward Rally | PairCorr |
| 0.6 | WHLRD | Wheeler Real Estate | PairCorr |
| 0.6 | SRG-PA | Seritage Growth Prop | PairCorr |
| 0.45 | DX | Dynex Capital | PairCorr |
| 0.34 | WHLRP | Wheeler Real Estate | PairCorr |
| 0.56 | MITT-PC | AG Mortgage Investment Earnings Call This Week | PairCorr |
| 0.52 | AHT-PD | Ashford Hospitality Trust | PairCorr |
Related Correlations Analysis
| 0.57 | 0.56 | 0.65 | 0.17 | FRT-PC | ||
| 0.57 | 0.56 | 0.75 | -0.24 | VNO-PO | ||
| 0.56 | 0.56 | 0.66 | -0.27 | REXR-PC | ||
| 0.65 | 0.75 | 0.66 | -0.45 | DLR-PL | ||
| 0.17 | -0.24 | -0.27 | -0.45 | GMRE-PA | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Agree Preferred Stock performing well and Agree Realty 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 Agree Realty'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FRT-PC | 0.59 | (0.08) | 0.00 | (0.28) | 0.00 | 1.40 | 3.36 | |||
| VNO-PO | 1.21 | (0.13) | 0.00 | (0.22) | 0.00 | 1.69 | 8.06 | |||
| REXR-PC | 0.63 | (0.07) | 0.00 | 3.02 | 0.00 | 1.22 | 4.88 | |||
| DLR-PL | 0.71 | (0.14) | 0.00 | (0.34) | 0.00 | 1.48 | 4.92 | |||
| GMRE-PA | 0.46 | 0.00 | (0.01) | (0.03) | 0.49 | 1.09 | 3.17 |
Be your own money manager
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Agree Realty Corporate Management
| Danielle Spehar | G Counsel | Profile | |
| Dan Theeck | Director Compliance | Profile | |
| Joel Agree | CEO Pres | Profile | |
| Peter Coughenour | S CFO | Profile | |
| Craig Erlich | Chief Officer | Profile | |
| Nicole Witteveen | Ex Staff | Profile | |
| Richard Agree | Ex Chairman | Profile |