Global Net Correlations

Stocks . USA . 
Stock . Global Net Lease
GNL-PE Stock   22.76  0.24  1.07%   
The current 90-days correlation between Global Net Lease and KeyCorp is 0.08 (i.e., Significant diversification). The correlation of Global Net 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.

Global Net Correlation With Market

Weak diversification

The correlation between Global Net Lease and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Net Lease and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Net Lease. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Global Stock

  0.72AHR American Healthcare REIT,PairCorr
  0.67SKT Tanger Factory OutletPairCorr
  0.74SITC Site Centers CorpPairCorr
  0.61WY Weyerhaeuser Fiscal Year End 23rd of January 2025 PairCorr
  0.73VNO-PL Vornado Realty TrustPairCorr
  0.84VNO-PM Vornado Realty TrustPairCorr
  0.8VNO-PN Vornado Realty TrustPairCorr
  0.87VNO-PO Vornado Realty TrustPairCorr

Moving against Global Stock

  0.66RC Ready Capital CorpPairCorr
  0.54AHT-PH Ashford Hospitality TrustPairCorr
  0.51UK Ucommune InternationalPairCorr
  0.41HPP Hudson Pacific Properties Buyout TrendPairCorr
  0.41FR First Industrial RealtyPairCorr
  0.65AHT-PF Ashford Hospitality TrustPairCorr
  0.51AHT-PG Ashford Hospitality TrustPairCorr
  0.5ECRO Ecc Cap CorpPairCorr
  0.44AHT-PI Ashford Hospitality TrustPairCorr
  0.32VTMX Corporacin InmobiliariaPairCorr

Related Correlations Analysis

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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   
BKH
+ 0.81
LNT
DFS
+ 0.78
BCBP
BKH
+ 0.7
BCBP
LNT
+ 0.69
NWE
BKH
+ 0.68
NWE
BKH
+ 0.61
DFS
  
High negative correlations   
SPNT
- 0.45
KEY-PI

Risk-Adjusted Indicators

There is a big difference between Global Stock performing well and Global Net 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 Global Net'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.

Global Net Corporate Management

Jesse GallowayExecutive CounselProfile
Jason SlearExecutive AcquisitionsProfile
Ori KravelSenior DevelopmentProfile
Alex WagstaffVice ManagementProfile
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