Innovative Industrial Correlations

IIPR Stock

USD 105.77 0.47 0.45%

The current 90-days correlation between Innovative Industrial and STAG Industrial is 0.3 (i.e., Weak diversification). The correlation of Innovative Industrial 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.

Innovative Industrial Correlation With Market

Good diversification

The correlation between Innovative Industrial Properti and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Innovative Industrial Properti 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 Innovative Industrial 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 american community survey.

Moving together with Innovative Stock

0.79	O	Realty Income	Pair Corr
0.78	NNN	National Retail Prop Sell-off Trend	Pair Corr
0.83	JBGS	JBG SMITH Properties	Pair Corr
0.67	WY	Weyerhaeuser Sell-off Trend	Pair Corr
0.79	ADC-PA	Agree Realty	Pair Corr

Moving against Innovative Stock

0.64	ROIC	Retail Opportunity	Pair Corr
0.58	IVT	Inventrust Properties	Pair Corr
0.56	BRX	Brixmor Property	Pair Corr
0.53	KRG	Kite Realty Group	Pair Corr
0.52	KIM	Kimco Realty	Pair Corr
0.52	RLJ	RLJ Lodging Trust	Pair Corr
0.49	REG	Regency Centers	Pair Corr
0.46	UE	Urban Edge Properties	Pair Corr
0.43	SPG	Simon Property Group	Pair Corr
0.38	SKT	Tanger Factory Outlet	Pair Corr
0.32	ADC	Agree Realty	Pair Corr
0.5	EMITF	Elbit Imaging	Pair Corr
0.4	DOUG	Douglas Elliman	Pair Corr
0.36	WELL	Welltower	Pair Corr

Related Correlations Analysis

	PLD	PSA	EXR	CUBE	STAG	REXR	LSI	NSA	COLD
PLD		0.68	0.87	0.87	0.9	0.94	0.08	0.83	0.87	PLD
PSA	0.68		0.86	0.92	0.47	0.66	-0.1	0.91	0.53	PSA
EXR	0.87	0.86		0.95	0.76	0.91	0.01	0.95	0.77	EXR
CUBE	0.87	0.92	0.95		0.72	0.87	0.07	0.97	0.73	CUBE
STAG	0.9	0.47	0.76	0.72		0.88	0.16	0.7	0.85	STAG
REXR	0.94	0.66	0.91	0.87	0.88		0.04	0.83	0.91	REXR
LSI	0.08	-0.1	0.01	0.07	0.16	0.04		0.11	-0.17	LSI
NSA	0.83	0.91	0.95	0.97	0.7	0.83	0.11		0.67	NSA
COLD	0.87	0.53	0.77	0.73	0.85	0.91	-0.17	0.67		COLD
	PLD	PSA	EXR	CUBE	STAG	REXR	LSI	NSA	COLD

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

NSA	+ 0.97	CUBE
CUBE	+ 0.95	EXR
NSA	+ 0.95	EXR
REXR	+ 0.94	PLD
CUBE	+ 0.92	PSA
NSA	+ 0.91	PSA

High negative correlations

COLD	- 0.17	LSI
LSI	- 0.1	PSA

Risk-Adjusted Indicators

There is a big difference between Innovative Stock performing well and Innovative Industrial 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 Innovative Industrial'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
PLD	1.08	(0.18)	0.00	(0.22)	0.00	0.00	2.29	(2.37)	8.46
PSA	1.09	0.06	(0.03)	(0.34)	1.50	(1.03)	2.31	(2.02)	7.24
EXR	1.06	(0.01)	0.00	0.18	0.00	0.00	1.92	(2.61)	7.52
CUBE	0.97	0.01	0.00	0.08	0.00	0.00	2.23	(1.69)	7.82
STAG	0.90	(0.20)	0.00	(0.19)	0.00	0.00	1.87	(2.11)	6.06
REXR	1.28	(0.32)	0.00	(0.87)	0.00	0.00	2.08	(2.76)	12.54
LSI	1.06	(0.05)	0.00	(0.27)	0.00	0.00	2.09	(2.17)	8.35
NSA	1.12	0.02	(0.05)	1.17	1.48	(1.18)	2.03	(2.76)	6.48
COLD	1.03	(0.34)	0.00	(6.00)	0.00	0.00	1.65	(2.24)	10.83

Innovative Industrial Corporate Management

Mary Curran	Independent Director	Profile
Gary Kreitzer	Independent Vice Chairman of the Board	Profile
Catherine CPA	CFO Treasurer	Profile
Brian Wolfe	Vice President General Counsel, Secretary	Profile
Andy Bui	Chief Accounting Officer, Vice President	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC