Broadstone Net Correlations

BNL Stock

USD 17.18 0.07 0.41%

The current 90-days correlation between Broadstone Net Lease and Highwoods Properties is 0.22 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Broadstone Net moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Broadstone Net Lease moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Broadstone Net Correlation With Market

Significant diversification

The correlation between Broadstone Net Lease and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Broadstone Net Lease and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Broadstone Net Lease. 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.

Moving together with Broadstone Stock

0.87	O	Realty Income	Pair Corr
0.64	HPP	Hudson Pacific Properties Buyout Trend	Pair Corr
0.83	NNN	National Retail Prop Sell-off Trend	Pair Corr
0.83	JBGS	JBG SMITH Properties	Pair Corr
0.64	FR	First Industrial Realty	Pair Corr
0.65	WY	Weyerhaeuser Fiscal Year End 23rd of January 2025	Pair Corr
0.8	ADC-PA	Agree Realty	Pair Corr

Moving against Broadstone Stock

0.65	ROIC	Retail Opportunity Sell-off Trend	Pair Corr
0.62	IVT	Inventrust Properties	Pair Corr
0.58	BRX	Brixmor Property	Pair Corr
0.57	UE	Urban Edge Properties	Pair Corr
0.53	KIM	Kimco Realty	Pair Corr
0.52	KRG	Kite Realty Group	Pair Corr
0.49	SPG	Simon Property Group	Pair Corr
0.46	SKT	Tanger Factory Outlet	Pair Corr
0.44	REG	Regency Centers	Pair Corr
0.32	RLJ	RLJ Lodging Trust	Pair Corr
0.69	EMITF	Elbit Imaging	Pair Corr
0.58	DOUG	Douglas Elliman	Pair Corr
0.5	WELL	Welltower	Pair Corr
0.33	EQIX	Equinix	Pair Corr
0.32	MITT-PC	AG Mortgage Investment	Pair Corr

Related Correlations Analysis

	BXP	ARE	VNO	HIW	HPP	PDM	OPI	CIO
BXP		0.08	0.83	0.91	-0.29	0.85	-0.24	-0.06	BXP
ARE	0.08		-0.31	0.35	0.83	0.45	0.82	0.89	ARE
VNO	0.83	-0.31		0.66	-0.54	0.62	-0.65	-0.45	VNO
HIW	0.91	0.35	0.66		0.03	0.95	0.04	0.16	HIW
HPP	-0.29	0.83	-0.54	0.03		0.12	0.85	0.84	HPP
PDM	0.85	0.45	0.62	0.95	0.12		0.04	0.22	PDM
OPI	-0.24	0.82	-0.65	0.04	0.85	0.04		0.88	OPI
CIO	-0.06	0.89	-0.45	0.16	0.84	0.22	0.88		CIO
	BXP	ARE	VNO	HIW	HPP	PDM	OPI	CIO

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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

PDM	+ 0.95	HIW
HIW	+ 0.91	BXP
CIO	+ 0.89	ARE
CIO	+ 0.88	OPI
PDM	+ 0.85	BXP
OPI	+ 0.85	HPP

High negative correlations

OPI	- 0.65	VNO
HPP	- 0.54	VNO
CIO	- 0.45	VNO
VNO	- 0.31	ARE
HPP	- 0.29	BXP
OPI	- 0.24	BXP

Risk-Adjusted Indicators

There is a big difference between Broadstone Stock performing well and Broadstone Net 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 Broadstone Net'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
BXP	1.10	0.13	0.06	0.32	1.41	(1.10)	2.38	(2.65)	7.16
ARE	1.10	(0.15)	0.00	(0.54)	0.00	0.00	2.06	(2.48)	5.36
VNO	1.29	0.22	0.14	0.34	1.25	(1.51)	2.75	(2.44)	10.57
HIW	0.95	(0.02)	(0.05)	0.08	1.16	(1.02)	1.84	(2.16)	5.78
HPP	2.84	(0.80)	0.00	(0.37)	0.00	0.00	6.19	(5.70)	17.20
PDM	1.28	(0.04)	(0.03)	0.08	1.55	(1.50)	3.08	(2.47)	8.49
OPI	2.39	(1.14)	0.00	(1.00)	0.00	0.00	4.55	(5.66)	24.08
CIO	1.67	(0.22)	0.00	(0.24)	0.00	0.00	3.84	(3.44)	11.18

Broadstone Net Corporate Management

Denise BrooksWilliams	Independent Director	Profile
Andrea Wright	Senior Vice President , Property Management	Profile
Agha Khan	Director	Profile
James Watters	Independent Director	Profile
Shekar Narasimhan	Independent Director	Profile
Timothy Dieffenbacher	Senior Vice President Chief Accounting Officer, Treasurer	Profile
Molly Wiegel	Senior Vice President of Human Resources	Profile

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