Kimco Realty Correlations

KIM Stock

USD 22.29 0.26 1.18%

The current 90-days correlation between Kimco Realty and Brixmor Property 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

Average diversification

The correlation between Kimco Realty and DJI is 0.16 (i.e., Average 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 gross domestic product.

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

Moving together with Kimco Stock

0.84	HR	Healthcare Realty Trust	Pair Corr
0.9	UE	Urban Edge Properties	Pair Corr
0.61	ELME	Elme Communities	Pair Corr
0.67	EPRT	Essential Properties	Pair Corr
0.66	WELL	Welltower	Pair Corr
0.72	ESBA	Empire State Realty	Pair Corr
0.77	ESRT	Empire State Realty	Pair Corr
0.67	FCPT	Four Corners Property	Pair Corr
0.72	FISK	Empire State Realty	Pair Corr
0.89	AAT	American Assets Trust	Pair Corr
0.75	ADC	Agree Realty	Pair Corr
0.77	AHH	Armada Hflr Pr	Pair Corr
0.93	AKR	Acadia Realty Trust	Pair Corr
0.7	ALX	Alexanders	Pair Corr
0.83	AVB	AvalonBay Communities	Pair Corr
0.83	BFS	Saul Centers	Pair Corr
0.85	BHR	Braemar Hotel Resorts	Pair Corr
0.67	BRT	BRT Realty Trust	Pair Corr
0.93	BRX	Brixmor Property	Pair Corr
0.62	CDP	COPT Defense Properties	Pair Corr
0.87	CPT	Camden Property Trust Sell-off Trend	Pair Corr

Related Correlations Analysis

	UBA	UBP	BFS	BRX	FCPT	NTST	IVT	RPT	UE	KRG
UBA		0.99	-0.56	-0.13	-0.33	-0.69	0.06	-0.72	-0.5	-0.51	UBA
UBP	0.99		-0.53	-0.06	-0.31	-0.67	0.12	-0.72	-0.42	-0.45	UBP
BFS	-0.56	-0.53		0.78	0.71	0.86	0.68	0.57	0.88	0.91	BFS
BRX	-0.13	-0.06	0.78		0.71	0.67	0.88	0.27	0.86	0.89	BRX
FCPT	-0.33	-0.31	0.71	0.71		0.84	0.46	0.6	0.55	0.67	FCPT
NTST	-0.69	-0.67	0.86	0.67	0.84		0.41	0.7	0.74	0.83	NTST
IVT	0.06	0.12	0.68	0.88	0.46	0.41		0.01	0.78	0.74	IVT
RPT	-0.72	-0.72	0.57	0.27	0.6	0.7	0.01		0.47	0.53	RPT
UE	-0.5	-0.42	0.88	0.86	0.55	0.74	0.78	0.47		0.97	UE
KRG	-0.51	-0.45	0.91	0.89	0.67	0.83	0.74	0.53	0.97		KRG
	UBA	UBP	BFS	BRX	FCPT	NTST	IVT	RPT	UE	KRG

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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

UBP	+ 0.99	UBA
KRG	+ 0.97	UE
KRG	+ 0.91	BFS
KRG	+ 0.89	BRX
UE	+ 0.88	BFS
IVT	+ 0.88	BRX

High negative correlations

RPT	- 0.72	UBP
RPT	- 0.72	UBA
NTST	- 0.69	UBA
NTST	- 0.67	UBP
BFS	- 0.56	UBA
BFS	- 0.53	UBP

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
UBA	1.26	0.43	0.37	68.10	0.66	(1.57)	2.38	(1.68)	20.63
UBP	1.62	0.62	0.45	(14.35)	0.80	(2.14)	3.18	(2.04)	30.37
BFS	0.90	(0.11)	0.00	(0.27)	0.00	0.00	1.66	(1.92)	6.75
BRX	0.93	(0.04)	0.00	(0.13)	0.00	0.00	1.93	(2.19)	6.55
FCPT	0.91	(0.06)	0.00	(0.14)	0.00	0.00	1.75	(2.34)	5.47
NTST	1.07	(0.13)	0.00	(0.20)	0.00	0.00	2.31	(2.09)	9.66
IVT	0.86	0.00	(0.01)	0.01	1.24	(0.84)	1.60	(2.09)	5.92
RPT	1.46	(0.10)	0.00	(0.22)	0.00	0.00	3.10	(2.69)	10.65
UE	0.97	(0.09)	0.00	(0.19)	0.00	0.00	1.70	(2.21)	6.40
KRG	0.97	(0.11)	0.00	(0.33)	0.00	0.00	1.93	(2.29)	6.64

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