Essential Properties Correlations

EPRT Stock

USD 32.20 0.73 2.32%

The current 90-days correlation between Essential Properties and Spirit Realty Capital is 0.03 (i.e., Significant diversification). The correlation of Essential 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.

Essential Properties Correlation With Market

Average diversification

The correlation between Essential Properties Realty and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Essential Properties Realty 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 Essential Properties Realty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Essential Stock

0.68	BXP	Boston Properties	Pair Corr
0.68	CUZ	Cousins Properties Earnings Call This Week	Pair Corr
0.72	SLG	SL Green Realty	Pair Corr
0.7	FR	First Industrial Realty Earnings Call This Week	Pair Corr
0.84	HR	Healthcare Realty Trust	Pair Corr
0.71	KW	Kennedy Wilson Holdings	Pair Corr
0.72	UE	Urban Edge Properties	Pair Corr
0.7	WY	Weyerhaeuser	Pair Corr
0.66	DOUG	Douglas Elliman	Pair Corr

Moving against Essential Stock

0.44	SHO	Sunstone Hotel Investors	Pair Corr
0.38	MITT-PC	AG Mortgage Investment	Pair Corr
0.32	CDR-PC	Cedar Realty Trust	Pair Corr

Related Correlations Analysis

	SRC	AHH	CTO	BRSP	BNL	SAFE	AHH-PA	OLP	MDV
SRC		-0.72	0.22	-0.05	-0.66	-0.78	-0.64	-0.42	-0.76	SRC
AHH	-0.72		0.2	0.43	0.88	0.9	0.72	0.78	0.87	AHH
CTO	0.22	0.2		0.58	0.03	0.09	-0.01	0.57	-0.05	CTO
BRSP	-0.05	0.43	0.58		0.15	0.19	0.05	0.76	0.06	BRSP
BNL	-0.66	0.88	0.03	0.15		0.88	0.76	0.51	0.93	BNL
SAFE	-0.78	0.9	0.09	0.19	0.88		0.81	0.64	0.92	SAFE
AHH-PA	-0.64	0.72	-0.01	0.05	0.76	0.81		0.35	0.82	AHH-PA
OLP	-0.42	0.78	0.57	0.76	0.51	0.64	0.35		0.46	OLP
MDV	-0.76	0.87	-0.05	0.06	0.93	0.92	0.82	0.46		MDV
	SRC	AHH	CTO	BRSP	BNL	SAFE	AHH-PA	OLP	MDV

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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

MDV	+ 0.93	BNL
MDV	+ 0.92	SAFE
SAFE	+ 0.9	AHH
BNL	+ 0.88	AHH
SAFE	+ 0.88	BNL
MDV	+ 0.87	AHH

High negative correlations

SAFE	- 0.78	SRC
MDV	- 0.76	SRC
AHH	- 0.72	SRC
BNL	- 0.66	SRC
AHH-PA	- 0.64	SRC
OLP	- 0.42	SRC

Risk-Adjusted Indicators

There is a big difference between Essential Stock performing well and Essential 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 Essential 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
SRC	0.97	0.16	0.08	1.78	0.98	(1.06)	2.34	(1.72)	6.41
AHH	1.02	(0.22)	0.00	(0.43)	0.00	0.00	1.69	(2.45)	7.00
CTO	0.90	(0.01)	(0.04)	0.05	1.70	(0.75)	1.79	(1.73)	7.75
BRSP	1.48	0.15	0.04	(1.72)	1.58	(1.73)	2.74	(2.30)	22.91
BNL	0.93	(0.22)	0.00	(0.61)	0.00	0.00	1.47	(2.31)	5.21
SAFE	1.66	(0.59)	0.00	(1.65)	0.00	0.00	2.83	(4.05)	9.16
AHH-PA	0.82	(0.13)	0.00	(0.41)	0.00	0.00	1.57	(1.99)	5.52
OLP	1.16	(0.12)	0.00	(0.18)	0.00	0.00	1.96	(2.80)	9.67
MDV	1.12	(0.24)	0.00	(0.86)	0.00	0.00	1.88	(2.25)	8.45

Essential Properties Corporate Management

Kristin JD	Senior Counsel	Profile
Max Jenkins	Executive Investments	Profile
A Peil	Executive Management	Profile
Chama Punlert	VP Credit	Profile
Heather Neary	Independent Director	Profile

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