Boston Properties Correlations

BXP Stock

USD 67.11 0.71 1.05%

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

Very weak diversification

The correlation between Boston Properties and DJI is 0.48 (i.e., Very weak 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 discontinued.

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

Moving together with Boston Stock

0.82	ESRT	Empire State Realty	Pair Corr
0.87	AAT	American Assets Trust	Pair Corr
0.76	BDN	Brandywine Realty Trust	Pair Corr
0.67	180101	Bosera CMSK Industrial	Pair Corr

Moving against Boston Stock

0.52	TUXS	Tuxis	Pair Corr
0.5	SOHOB	Sotherly Hotels Series	Pair Corr
0.43	OHI	Omega Healthcare Inv	Pair Corr
0.43	PHP	Primary Health Properties	Pair Corr
0.37	PLD	Prologis	Pair Corr
0.67	LCDX	Caliber Imaging Diag	Pair Corr
0.65	NAUFF	NevGold Corp	Pair Corr
0.57	CASXF	Casa Minerals	Pair Corr
0.56	MGCV	MGC Ventures	Pair Corr
0.55	CTOWY	China TowerLimited	Pair Corr
0.55	DGWPF	Drgerwerk AG	Pair Corr
0.5	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.47	FTV	Fortive Corp	Pair Corr
0.44	DB	Deutsche Bank AG	Pair Corr
0.32	SMXWW	SMX Public Limited	Pair Corr
0.31	FHELF	First Helium	Pair Corr

Related Correlations Analysis

	ARE	HST	CPT	OHI	AGNC	UDR	ELS	LAMR	AMH	REXR
ARE		-0.65	-0.26	-0.83	-0.75	0.31	0.19	-0.71	0.77	0.56	ARE
HST	-0.65		0.71	0.72	0.8	0.29	0.03	0.75	-0.38	-0.42	HST
CPT	-0.26	0.71		0.46	0.75	0.74	0.08	0.53	0.1	-0.4	CPT
OHI	-0.83	0.72	0.46		0.74	-0.02	0.02	0.92	-0.65	-0.47	OHI
AGNC	-0.75	0.8	0.75	0.74		0.27	-0.11	0.7	-0.45	-0.56	AGNC
UDR	0.31	0.29	0.74	-0.02	0.27		0.39	0.18	0.49	0.02	UDR
ELS	0.19	0.03	0.08	0.02	-0.11	0.39		0.19	0.31	0.31	ELS
LAMR	-0.71	0.75	0.53	0.92	0.7	0.18	0.19		-0.55	-0.4	LAMR
AMH	0.77	-0.38	0.1	-0.65	-0.45	0.49	0.31	-0.55		0.42	AMH
REXR	0.56	-0.42	-0.4	-0.47	-0.56	0.02	0.31	-0.4	0.42		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

LAMR	+ 0.92	OHI
AGNC	+ 0.8	HST
AMH	+ 0.77	ARE
LAMR	+ 0.75	HST
AGNC	+ 0.75	CPT
UDR	+ 0.74	CPT

High negative correlations

OHI	- 0.83	ARE
AGNC	- 0.75	ARE
LAMR	- 0.71	ARE
AMH	- 0.65	OHI
HST	- 0.65	ARE
REXR	- 0.56	AGNC

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	2.20	(0.77)	0.00	(1.13)	0.00	0.00	2.92	(4.54)	21.50
HST	1.26	0.08	0.06	0.15	1.24	(1.48)	2.77	(2.27)	9.68
CPT	0.82	0.04	0.00	0.22	1.16	(0.80)	1.57	(1.19)	4.73
OHI	0.91	0.11	0.04	(0.71)	0.95	(0.94)	2.13	(1.66)	7.13
AGNC	0.76	0.19	0.16	0.49	0.59	(0.85)	1.66	(1.24)	3.38
UDR	0.80	(0.03)	(0.05)	(0.02)	1.25	(0.74)	1.42	(1.49)	5.46
ELS	0.76	(0.02)	0.00	(0.10)	0.00	0.00	1.81	(1.69)	5.17
LAMR	0.94	0.02	(0.01)	0.11	1.06	(1.01)	2.08	(1.99)	7.61
AMH	0.84	(0.07)	0.00	(0.18)	0.00	0.00	1.79	(2.05)	4.01
REXR	1.12	(0.12)	0.00	(0.06)	0.00	0.00	2.30	(1.96)	6.35

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