Alexanders Correlations

Stocks . USA . 
Stock . Alexanders
ALX Stock  USD 218.16  3.64  1.70%   
The current 90-days correlation between Alexanders and Chimera Investment is 0.44 (i.e., Very weak diversification). The correlation of Alexanders 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Alexanders Correlation With Market

Weak diversification

The correlation between Alexanders and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alexanders and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alexanders. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy Alexanders Stock please use our How to Invest in Alexanders guide.

Moving together with Alexanders Stock

  0.71O Realty IncomePairCorr
  0.7UE Urban Edge PropertiesPairCorr
  0.77WHLR Wheeler Real EstatePairCorr
  0.73DXC Dexus Convenience RetailPairCorr
  0.75BRX Brixmor PropertyPairCorr
  0.78KIM Kimco RealtyPairCorr
  0.64NNN National Retail PropPairCorr
  0.65REG Regency CentersPairCorr
  0.7REGCP Regency CentersPairCorr
  0.71REGCO Regency CentersPairCorr
  0.67DXI Dexus Industria REITPairCorr

Moving against Alexanders Stock

  0.75GTY Getty RealtyPairCorr
  0.48CDP Carindale Property TrustPairCorr
  0.45ADC Agree RealtyPairCorr
  0.45KRG Kite Realty GroupPairCorr
  0.41SUPR Supermarket Income REITPairCorr
  0.37FCD-UN Firm Capital PropertyPairCorr
  0.82TUXS TuxisPairCorr
  0.75WSR Whitestone REITPairCorr
  0.64BLND British LandPairCorr
  0.63SGR-UN Slate Grocery REITPairCorr
  0.62HMSO Hammerson PLCPairCorr
  0.6PECO Phillips EdisonPairCorr
  0.58SGR-U Slate Grocery REITPairCorr
  0.48CHP-UN Choice Properties RealPairCorr
  0.33BWP BWP TrustPairCorr

Related Correlations Analysis


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

JBGS
+ 0.86
ESRT
JBGS
+ 0.79
AAT
ESRT
+ 0.72
AAT
AAT
+ 0.69
CIM
XHR
+ 0.66
ALEX
JBGS
+ 0.62
CIM
  

High negative correlations

JBGS
- 0.63
ORC
ORC
- 0.48
AAT
XHR
- 0.47
ESRT
JBGS
- 0.42
XHR
ORC
- 0.37
ESRT
ORC
- 0.25
CIM

Risk-Adjusted Indicators

There is a big difference between Alexanders Stock performing well and Alexanders 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 Alexanders' 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.

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