Hannon Armstrong Correlations
| HASI Stock | USD 28.70 1.39 5.09% |
The correlation of Hannon Armstrong 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.
Hannon Armstrong Correlation With Market
Modest diversification
The correlation between Hannon Armstrong Sustainable and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hannon Armstrong Sustainable and DJI in the same portfolio, assuming nothing else is changed.
Hannon |
Moving together with Hannon Stock
| 0.79 | ARE | Alexandria Real Estate | PairCorr |
| 0.73 | BXP | Boston Properties Downward Rally | PairCorr |
| 0.8 | HIW | Highwoods Properties Earnings Call This Week | PairCorr |
| 0.8 | HPP | Hudson Pacific Properties | PairCorr |
| 0.78 | PDM | Piedmont Office Realty Earnings Call This Week | PairCorr |
| 0.78 | O | Realty Income | PairCorr |
| 0.65 | WY | Weyerhaeuser | PairCorr |
| 0.78 | ADC-PA | Agree Realty | PairCorr |
| 0.71 | VNO-PL | Vornado Realty Trust | PairCorr |
| 0.63 | VNO-PM | Vornado Realty Trust | PairCorr |
| 0.74 | VNO-PO | Vornado Realty Trust | PairCorr |
Moving against Hannon Stock
| 0.6 | RLJ | RLJ Lodging Trust | PairCorr |
| 0.51 | INN | Summit Hotel Properties | PairCorr |
| 0.48 | DX | Dynex Capital | PairCorr |
| 0.45 | SHO | Sunstone Hotel Investors | PairCorr |
| 0.41 | CLDT | Chatham Lodging Trust | PairCorr |
| 0.59 | MITT-PC | AG Mortgage Investment | PairCorr |
| 0.35 | CDR-PC | Cedar Realty Trust | PairCorr |
Related Correlations Analysis
| -0.08 | -0.03 | -0.03 | 0.75 | -0.07 | 0.35 | EQIX | ||
| -0.08 | 0.93 | 0.93 | 0.3 | 0.97 | 0.79 | CCI | ||
| -0.03 | 0.93 | 0.94 | 0.24 | 0.97 | 0.84 | AMT | ||
| -0.03 | 0.93 | 0.94 | 0.39 | 0.93 | 0.78 | IRM | ||
| 0.75 | 0.3 | 0.24 | 0.39 | 0.24 | 0.49 | DLR | ||
| -0.07 | 0.97 | 0.97 | 0.93 | 0.24 | 0.79 | SBAC | ||
| 0.35 | 0.79 | 0.84 | 0.78 | 0.49 | 0.79 | GLPI | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Hannon Stock performing well and Hannon Armstrong 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 Hannon Armstrong'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EQIX | 1.05 | 0.00 | (0.02) | 0.07 | 1.69 | 2.01 | 9.44 | |||
| CCI | 1.11 | (0.36) | 0.00 | (0.71) | 0.00 | 1.66 | 7.53 | |||
| AMT | 1.33 | (0.33) | 0.00 | (0.56) | 0.00 | 2.01 | 8.48 | |||
| IRM | 1.71 | (0.36) | 0.00 | (0.47) | 0.00 | 2.39 | 11.74 | |||
| DLR | 1.38 | (0.06) | 0.00 | (0.02) | 0.00 | 2.79 | 18.35 | |||
| SBAC | 1.22 | (0.34) | 0.00 | (0.56) | 0.00 | 2.41 | 8.66 | |||
| GLPI | 0.95 | (0.10) | 0.00 | (0.16) | 0.00 | 1.75 | 5.52 |