Granite Real Correlations

GRP-UN Stock

USD 52.83 0.04 0.08%

The current 90-days correlation between Granite Real Estate and Rexford Industrial Realty is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Granite Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Granite Real Estate moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Granite Real Correlation With Market

Weak diversification

The correlation between Granite Real Estate and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Granite Real Estate 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 Granite Real Estate. 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 Granite Stock

0.67	FR	First Industrial Realty	Pair Corr
0.64	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.66	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.63	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.64	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.64	VICI	VICI Properties	Pair Corr
0.62	VTMX	Corporacin Inmobiliaria	Pair Corr

Moving against Granite Stock

0.72	CBL	CBL Associates Properties	Pair Corr
0.56	UE	Urban Edge Properties	Pair Corr
0.31	DOUG	Douglas Elliman	Pair Corr
0.6	EMITF	Elbit Imaging	Pair Corr
0.49	WELL	Welltower	Pair Corr
0.41	MITT-PC	AG Mortgage Investment	Pair Corr
0.39	AAT	American Assets Trust	Pair Corr
0.38	EQIX	Equinix	Pair Corr
0.31	CDR-PC	Cedar Realty Trust	Pair Corr
0.31	NREF-PA	NexPoint Real Estate	Pair Corr

Related Correlations Analysis

	PSA-PJ	PSA-PO	PSA-PQ	PSA-PN	PSA-PI	PSA-PK	PSA-PR	PSA-PF	PSA-PH	REXR-PC
PSA-PJ		0.98	0.97	0.97	0.97	0.98	0.98	0.96	0.8	0.58	PSA-PJ
PSA-PO	0.98		0.98	0.98	0.93	0.99	0.99	0.95	0.79	0.53	PSA-PO
PSA-PQ	0.97	0.98		0.99	0.93	0.98	0.99	0.97	0.74	0.51	PSA-PQ
PSA-PN	0.97	0.98	0.99		0.93	0.98	0.99	0.96	0.75	0.49	PSA-PN
PSA-PI	0.97	0.93	0.93	0.93		0.95	0.93	0.93	0.82	0.59	PSA-PI
PSA-PK	0.98	0.99	0.98	0.98	0.95		0.98	0.96	0.76	0.57	PSA-PK
PSA-PR	0.98	0.99	0.99	0.99	0.93	0.98		0.97	0.74	0.53	PSA-PR
PSA-PF	0.96	0.95	0.97	0.96	0.93	0.96	0.97		0.71	0.51	PSA-PF
PSA-PH	0.8	0.79	0.74	0.75	0.82	0.76	0.74	0.71		0.36	PSA-PH
REXR-PC	0.58	0.53	0.51	0.49	0.59	0.57	0.53	0.51	0.36		REXR-PC
	PSA-PJ	PSA-PO	PSA-PQ	PSA-PN	PSA-PI	PSA-PK	PSA-PR	PSA-PF	PSA-PH	REXR-PC

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Risk-Adjusted Indicators

There is a big difference between Granite Stock performing well and Granite Real 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 Granite Real'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
PSA-PJ	0.68	(0.03)	0.00	(0.21)	0.00	0.00	1.01	(1.41)	3.87
PSA-PO	0.60	(0.03)	0.00	(0.44)	0.00	0.00	1.07	(1.39)	2.76
PSA-PQ	0.69	(0.05)	0.00	(0.71)	0.00	0.00	1.06	(1.97)	3.81
PSA-PN	0.67	(0.04)	0.00	9.78	0.00	0.00	1.07	(1.86)	3.64
PSA-PI	0.56	(0.05)	0.00	(0.22)	0.00	0.00	1.18	(1.04)	3.51
PSA-PK	0.56	(0.03)	0.00	(5.37)	0.00	0.00	0.98	(1.39)	3.42
PSA-PR	0.68	(0.05)	0.00	(0.27)	0.00	0.00	1.23	(1.51)	3.48
PSA-PF	0.37	(0.06)	0.00	(1.51)	0.00	0.00	0.73	(0.94)	2.07
PSA-PH	0.35	(0.02)	0.00	(0.26)	0.00	0.00	0.68	(0.80)	2.04
REXR-PC	0.61	0.04	(0.10)	(0.11)	0.80	(0.69)	1.35	(1.63)	4.85

Granite Real Corporate Management

Lawrence Clarfield	General VP	Profile
Teresa CA	Chief Officer	Profile
Jon Sorg	Senior US	Profile
Michael Ramparas	Executive Investments	Profile
Kristy Boys	Senior Finance	Profile
Keith Stephen	Vice Environment	Profile

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