Eerly Govt Correlations

DEA Stock

USD 12.45 0.02 0.16%

The current 90-days correlation between Eerly Govt Ppty and Corporate Office Properties is 0.02 (i.e., Significant diversification). The correlation of Eerly Govt 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.

Eerly Govt Correlation With Market

Modest diversification

The correlation between Eerly Govt Ppty and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eerly Govt Ppty and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eerly Govt Ppty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Eerly Stock

0.69	O	Realty Income	Pair Corr
0.88	JBGS	JBG SMITH Properties	Pair Corr

Moving against Eerly Stock

0.41	RLJ	RLJ Lodging Trust	Pair Corr
0.4	ROIC	Retail Opportunity Sell-off Trend	Pair Corr
0.38	BRX	Brixmor Property	Pair Corr
0.54	EMITF	Elbit Imaging	Pair Corr
0.47	DOUG	Douglas Elliman	Pair Corr

Related Correlations Analysis

	OFC	EQC	HIW	PDM	BDN	CIO	VNO	SLG	ARE	KRC
OFC		0.08	-0.04	-0.08	0.14	-0.75	0.51	0.64	-0.68	0.33	OFC
EQC	0.08		-0.55	-0.49	-0.49	0.18	-0.55	-0.26	0.04	-0.56	EQC
HIW	-0.04	-0.55		0.95	0.74	0.14	0.66	0.5	0.31	0.81	HIW
PDM	-0.08	-0.49	0.95		0.71	0.18	0.62	0.47	0.38	0.77	PDM
BDN	0.14	-0.49	0.74	0.71		-0.01	0.54	0.36	0.14	0.65	BDN
CIO	-0.75	0.18	0.14	0.18	-0.01		-0.49	-0.59	0.89	-0.29	CIO
VNO	0.51	-0.55	0.66	0.62	0.54	-0.49		0.91	-0.37	0.93	VNO
SLG	0.64	-0.26	0.5	0.47	0.36	-0.59	0.91		-0.48	0.85	SLG
ARE	-0.68	0.04	0.31	0.38	0.14	0.89	-0.37	-0.48		-0.15	ARE
KRC	0.33	-0.56	0.81	0.77	0.65	-0.29	0.93	0.85	-0.15		KRC
	OFC	EQC	HIW	PDM	BDN	CIO	VNO	SLG	ARE	KRC

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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
KRC	+ 0.93	VNO
SLG	+ 0.91	VNO
ARE	+ 0.89	CIO
KRC	+ 0.85	SLG
KRC	+ 0.81	HIW

High negative correlations

CIO	- 0.75	OFC
ARE	- 0.68	OFC
SLG	- 0.59	CIO
KRC	- 0.56	EQC
VNO	- 0.55	EQC
HIW	- 0.55	EQC

Risk-Adjusted Indicators

There is a big difference between Eerly Stock performing well and Eerly Govt 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 Eerly Govt'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
OFC	1.39	0.23	0.05	(0.53)	1.30	(1.67)	3.10	(2.44)	6.24
EQC	0.27	(0.03)	0.00	(0.17)	0.00	0.00	0.50	(0.56)	3.49
HIW	0.95	(0.02)	(0.05)	0.08	1.16	(1.02)	1.84	(2.16)	5.78
PDM	1.28	(0.04)	(0.03)	0.08	1.55	(1.50)	3.08	(2.47)	8.49
BDN	1.64	0.01	0.02	0.13	2.80	(1.75)	3.61	(3.80)	18.66
CIO	1.67	(0.19)	0.00	(0.09)	0.00	0.00	3.84	(3.44)	11.18
VNO	1.29	0.22	0.14	0.34	1.25	(1.51)	2.75	(2.44)	10.57
SLG	1.43	0.22	0.13	0.33	1.36	(1.60)	3.46	(2.51)	9.86
ARE	1.11	(0.19)	0.00	(0.22)	0.00	0.00	2.06	(2.48)	5.36
KRC	1.40	0.12	0.10	0.22	1.35	(1.63)	3.71	(2.85)	8.91

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC