Kimco Realty Correlations

KIM-PN Stock

60.00 0.15 0.25%

The current 90-days correlation between Kimco Realty and Kontoor Brands is 0.12 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kimco Realty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kimco Realty moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Kimco Realty Correlation With Market

Modest diversification

The correlation between Kimco Realty and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kimco Realty and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kimco 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 board of governors.

To learn how to invest in Kimco Stock, please use our How to Invest in Kimco Realty guide.

Moving together with Kimco Stock

0.76	ADC	Agree Realty	Pair Corr
0.64	ALX	Alexanders	Pair Corr
0.78	BRX	Brixmor Property	Pair Corr
0.63	GTY	Getty Realty	Pair Corr
0.8	KIM	Kimco Realty	Pair Corr
0.78	SKT	Tanger Factory Outlet	Pair Corr
0.74	SPG	Simon Property Group Earnings Call This Week	Pair Corr
0.75	NTST	Netstreit Corp	Pair Corr
0.79	PECO	Phillips Edison Earnings Call This Week	Pair Corr
0.83	ALEX	Alexander Baldwin	Pair Corr
0.68	KW	Kennedy Wilson Holdings	Pair Corr

Moving against Kimco Stock

0.32	CDR-PC	Cedar Realty Trust	Pair Corr
0.55	SRG-PA	Seritage Growth Prop	Pair Corr
0.34	WHLRD	Wheeler Real Estate	Pair Corr

Related Correlations Analysis

	CTAS	KTB	ALK	CAAP	ASLE	AIQUF	GIII	CPRI
CTAS		0.33	-0.69	-0.02	-0.22	0.42	-0.36	-0.06	CTAS
KTB	0.33		0.32	0.37	0.64	-0.3	0.12	-0.04	KTB
ALK	-0.69	0.32		0.41	0.77	-0.58	0.54	0.17	ALK
CAAP	-0.02	0.37	0.41		0.34	0.01	0.56	0.0	CAAP
ASLE	-0.22	0.64	0.77	0.34		-0.51	0.21	0.17	ASLE
AIQUF	0.42	-0.3	-0.58	0.01	-0.51		-0.27	0.15	AIQUF
GIII	-0.36	0.12	0.54	0.56	0.21	-0.27		0.01	GIII
CPRI	-0.06	-0.04	0.17	0.0	0.17	0.15	0.01		CPRI
	CTAS	KTB	ALK	CAAP	ASLE	AIQUF	GIII	CPRI

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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

ASLE	+ 0.77	ALK
ASLE	+ 0.64	KTB
GIII	+ 0.56	CAAP
GIII	+ 0.54	ALK
AIQUF	+ 0.42	CTAS
CAAP	+ 0.41	ALK

High negative correlations

ALK	- 0.69	CTAS
AIQUF	- 0.58	ALK
AIQUF	- 0.51	ASLE
GIII	- 0.36	CTAS
AIQUF	- 0.3	KTB
GIII	- 0.27	AIQUF

Risk-Adjusted Indicators

There is a big difference between Kimco Stock performing well and Kimco Realty 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 Kimco Realty'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
CTAS	1.21	(0.07)	0.00	(0.11)	0.00	0.00	2.27	(1.91)	14.41
KTB	1.42	0.28	0.15	0.40	1.39	(1.61)	3.18	(2.58)	16.48
ALK	1.76	0.78	0.44	(5.90)	0.99	(2.21)	4.05	(2.15)	15.67
CAAP	1.73	0.12	0.03	0.36	2.24	(1.89)	3.52	(3.49)	12.51
ASLE	1.75	0.42	0.15	2.37	1.85	(1.89)	4.14	(2.58)	12.13
AIQUF	1.04	(0.05)	0.00	(0.91)	0.00	0.00	1.94	(2.51)	6.71
GIII	1.62	0.09	0.02	0.35	1.69	(1.85)	3.05	(2.58)	14.34
CPRI	2.94	(0.34)	0.00	0.51	0.00	0.00	6.04	(4.64)	48.89

Kimco Realty Corporate Management

Bruce Rubenstein	General VP	Profile
Paul Westbrook	VP Officer	Profile
Jennifer Maisch	VP Communications	Profile
Thomas Taddeo	Executive Officer	Profile

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