Equity Lifestyle Correlations

ELS Stock

USD 70.94 0.10 0.14%

The current 90-days correlation between Equity Lifestyle Pro and UDR Inc is 0.52 (i.e., Very weak diversification). The correlation of Equity Lifestyle 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.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equity Lifestyle 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 bureau of economic analysis.

Moving together with Equity Stock

0.72	HR	Healthcare Realty Trust	Pair Corr
0.64	AMH	American Homes 4	Pair Corr

Moving against Equity Stock

0.46	FISK	Empire State Realty	Pair Corr
0.39	ESRT	Empire State Realty	Pair Corr
0.31	PW	Power REIT	Pair Corr
0.51	BDN	Brandywine Realty Trust	Pair Corr
0.49	CDP	COPT Defense Properties	Pair Corr
0.4	BXP	Boston Properties Sell-off Trend	Pair Corr

Related Correlations Analysis

	UMH	UDR	AVB	NXRT	BRT	CSR	VRE	AIRC	EQR	MAA
UMH		0.73	0.56	0.73	0.68	0.76	0.54	-0.12	0.7	0.88	UMH
UDR	0.73		0.73	0.55	0.52	0.46	0.69	0.29	0.9	0.74	UDR
AVB	0.56	0.73		0.58	0.49	0.47	0.68	0.37	0.68	0.64	AVB
NXRT	0.73	0.55	0.58		0.84	0.9	0.63	-0.35	0.55	0.81	NXRT
BRT	0.68	0.52	0.49	0.84		0.78	0.79	-0.15	0.42	0.7	BRT
CSR	0.76	0.46	0.47	0.9	0.78		0.51	-0.42	0.47	0.8	CSR
VRE	0.54	0.69	0.68	0.63	0.79	0.51		0.3	0.48	0.56	VRE
AIRC	-0.12	0.29	0.37	-0.35	-0.15	-0.42	0.3		0.13	-0.18	AIRC
EQR	0.7	0.9	0.68	0.55	0.42	0.47	0.48	0.13		0.7	EQR
MAA	0.88	0.74	0.64	0.81	0.7	0.8	0.56	-0.18	0.7		MAA
	UMH	UDR	AVB	NXRT	BRT	CSR	VRE	AIRC	EQR	MAA

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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

EQR	+ 0.9	UDR
CSR	+ 0.9	NXRT
MAA	+ 0.88	UMH
BRT	+ 0.84	NXRT
MAA	+ 0.81	NXRT
MAA	+ 0.8	CSR

High negative correlations

AIRC	- 0.42	CSR
AIRC	- 0.35	NXRT
MAA	- 0.18	AIRC
AIRC	- 0.15	BRT
AIRC	- 0.12	UMH

Risk-Adjusted Indicators

There is a big difference between Equity Stock performing well and Equity Lifestyle 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 Equity Lifestyle'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
UMH	0.96	(0.04)	(0.11)	0.00	1.06	(1.10)	2.09	(1.95)	4.64
UDR	0.94	0.05	(0.02)	0.24	1.01	(1.04)	2.08	(1.44)	5.53
AVB	0.90	0.06	(0.02)	0.29	0.99	(0.90)	1.72	(1.49)	5.83
NXRT	1.21	(0.01)	(0.02)	0.11	1.30	(1.39)	3.22	(2.22)	6.37
BRT	1.41	(0.01)	0.02	0.12	1.35	(1.66)	2.70	(2.14)	10.29
CSR	1.10	(0.03)	(0.06)	0.06	1.45	(1.10)	2.56	(2.21)	6.91
VRE	0.98	0.08	0.03	0.23	1.18	(1.02)	2.42	(2.08)	5.75
AIRC	0.76	0.40	0.41	(0.86)	0.00	(0.82)	0.31	(0.39)	22.81
EQR	0.95	0.04	(0.03)	0.24	1.21	(1.10)	2.31	(1.94)	7.21
MAA	0.86	0.05	(0.04)	0.35	0.96	(0.92)	1.87	(1.76)	5.34

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Equity Lifestyle Correlations

Moving together with Equity Stock

Moving against Equity Stock

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

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