Boston Properties Correlations

BXP Stock

USD 65.22 0.45 0.69%

The current 90-days correlation between Boston Properties and Alexandria Real Estate is 0.45 (i.e., Very weak diversification). The correlation of Boston Properties 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.

Boston Properties Correlation With Market

Excellent diversification

The correlation between Boston Properties and DJI is -0.56 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boston Properties and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Boston Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boston Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in median.

To learn how to invest in Boston Stock, please use our How to Invest in Boston Properties guide.

Moving together with Boston Stock

0.69	BDN	Brandywine Realty Trust Earnings Call This Week	Pair Corr
0.73	REXR	Rexford Industrial Realty	Pair Corr

Moving against Boston Stock

0.73	PHP	Primary Health Properties	Pair Corr
0.64	THRL	Target Healthcare REIT	Pair Corr
0.64	PINE	Alpineome Property Trust	Pair Corr
0.62	HOT-U	American Hotel Income	Pair Corr
0.59	NHI	National Health Investors	Pair Corr
0.56	RFF	Rural Funds Group	Pair Corr
0.55	NSR	National Storage REIT	Pair Corr
0.52	GNL-PD	Global Net Lease	Pair Corr
0.52	SOHOB	Sotherly Hotels Series	Pair Corr
0.4	SBRA	Sabra Healthcare REIT	Pair Corr
0.31	D-UN	Dream Office Real	Pair Corr
0.78	FFMH	First Farmers	Pair Corr
0.76	DHC	Diversified Healthcare	Pair Corr
0.72	ZIJMF	Zijin Mining Group	Pair Corr
0.71	KNYJF	KONE Oyj	Pair Corr
0.69	USAS	Americas Silver Corp Trending	Pair Corr
0.67	UBSI	United Bankshares	Pair Corr
0.66	LMND	Lemonade	Pair Corr
0.58	RBGPF	Reckitt Benckiser	Pair Corr
0.58	CMCSA	Comcast Corp Earnings Call Tomorrow	Pair Corr
0.55	TUXS	Tuxis	Pair Corr
0.48	ACLS	Axcelis Technologies	Pair Corr
0.37	AMKBY	AP Moeller Maersk Earnings Call This Week	Pair Corr

Related Correlations Analysis

	ARE	HST	CPT	OHI	AGNC	UDR	ELS	LAMR	AMH	REXR
ARE		-0.27	-0.08	-0.69	0.0	0.21	0.21	-0.43	0.69	0.53	ARE
HST	-0.27		0.79	0.51	0.81	0.76	0.41	0.7	-0.11	-0.46	HST
CPT	-0.08	0.79		0.42	0.77	0.88	0.26	0.57	0.2	-0.49	CPT
OHI	-0.69	0.51	0.42		0.34	0.29	0.27	0.85	-0.46	-0.44	OHI
AGNC	0.0	0.81	0.77	0.34		0.85	0.39	0.59	-0.05	-0.47	AGNC
UDR	0.21	0.76	0.88	0.29	0.85		0.53	0.58	0.29	-0.29	UDR
ELS	0.21	0.41	0.26	0.27	0.39	0.53		0.51	0.28	0.16	ELS
LAMR	-0.43	0.7	0.57	0.85	0.59	0.58	0.51		-0.32	-0.34	LAMR
AMH	0.69	-0.11	0.2	-0.46	-0.05	0.29	0.28	-0.32		0.27	AMH
REXR	0.53	-0.46	-0.49	-0.44	-0.47	-0.29	0.16	-0.34	0.27		REXR
	ARE	HST	CPT	OHI	AGNC	UDR	ELS	LAMR	AMH	REXR

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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

UDR	+ 0.88	CPT
LAMR	+ 0.85	OHI
UDR	+ 0.85	AGNC
AGNC	+ 0.81	HST
CPT	+ 0.79	HST
AGNC	+ 0.77	CPT

High negative correlations

OHI	- 0.69	ARE
REXR	- 0.49	CPT
REXR	- 0.47	AGNC
AMH	- 0.46	OHI
REXR	- 0.46	HST
REXR	- 0.44	OHI

Risk-Adjusted Indicators

There is a big difference between Boston Stock performing well and Boston Properties 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 Boston Properties' 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
ARE	2.30	(0.40)	0.00	(0.62)	0.00	0.00	3.28	(4.34)	19.83
HST	1.27	0.13	0.09	0.22	1.16	(1.54)	2.65	(2.03)	9.68
CPT	0.97	0.05	0.01	0.24	1.34	(0.91)	1.81	(2.31)	5.59
OHI	0.94	0.13	0.03	(0.39)	1.11	(0.93)	2.13	(1.77)	8.67
AGNC	0.81	0.29	0.27	0.71	0.45	(0.98)	1.97	(1.22)	4.40
UDR	0.93	0.01	(0.02)	0.09	1.25	(0.90)	2.07	(1.74)	4.65
ELS	0.85	(0.02)	(0.06)	(0.01)	1.18	(0.84)	2.11	(1.73)	4.37
LAMR	0.91	0.09	0.03	0.38	0.95	(1.02)	2.13	(1.76)	7.61
AMH	1.05	(0.10)	0.00	(0.16)	0.00	0.00	2.00	(2.06)	7.05
REXR	1.01	(0.16)	0.00	(0.20)	0.00	0.00	2.08	(1.96)	6.35

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