Kilroy Realty Correlations

KRC Stock

USD 40.65 0.91 2.29%

The current 90-days correlation between Kilroy Realty Corp and Hudson Pacific Properties is 0.64 (i.e., Poor diversification). The correlation of Kilroy Realty 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.

Kilroy Realty Correlation With Market

Very weak diversification

The correlation between Kilroy Realty Corp and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kilroy Realty Corp 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 Kilroy Realty Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Kilroy Stock

0.7	UE	Urban Edge Properties	Pair Corr
0.72	AHR	American Healthcare REIT,	Pair Corr
0.72	SKT	Tanger Factory Outlet	Pair Corr
0.73	SPG	Simon Property Group	Pair Corr
0.67	SITC	Site Centers Corp	Pair Corr
0.78	VNO-PM	Vornado Realty Trust	Pair Corr
0.78	VNO-PN	Vornado Realty Trust	Pair Corr
0.76	VNO-PO	Vornado Realty Trust	Pair Corr

Moving against Kilroy Stock

0.66	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.63	RC	Ready Capital Corp	Pair Corr
0.53	UK	Ucommune International	Pair Corr
0.48	FR	First Industrial Realty	Pair Corr
0.35	HPP	Hudson Pacific Properties Buyout Trend	Pair Corr
0.7	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.63	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.58	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.53	ECRO	Ecc Cap Corp	Pair Corr
0.41	VTMX	Corporacin Inmobiliaria	Pair Corr
0.37	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.37	VICI	VICI Properties	Pair Corr

Related Correlations Analysis

	HPP	OFC	HIW	CUZ	PDM	DEI	BDN	CIO	EQC
HPP		-0.79	0.03	-0.64	0.12	-0.63	-0.14	0.83	0.24	HPP
OFC	-0.79		-0.04	0.66	-0.08	0.56	0.14	-0.75	0.08	OFC
HIW	0.03	-0.04		0.63	0.95	0.62	0.74	0.14	-0.55	HIW
CUZ	-0.64	0.66	0.63		0.59	0.94	0.53	-0.57	-0.4	CUZ
PDM	0.12	-0.08	0.95	0.59		0.58	0.71	0.18	-0.49	PDM
DEI	-0.63	0.56	0.62	0.94	0.58		0.63	-0.52	-0.53	DEI
BDN	-0.14	0.14	0.74	0.53	0.71	0.63		-0.01	-0.49	BDN
CIO	0.83	-0.75	0.14	-0.57	0.18	-0.52	-0.01		0.18	CIO
EQC	0.24	0.08	-0.55	-0.4	-0.49	-0.53	-0.49	0.18		EQC
	HPP	OFC	HIW	CUZ	PDM	DEI	BDN	CIO	EQC

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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

PDM	+ 0.95	HIW
DEI	+ 0.94	CUZ
CIO	+ 0.83	HPP
BDN	+ 0.74	HIW
BDN	+ 0.71	PDM
CUZ	+ 0.66	OFC

High negative correlations

OFC	- 0.79	HPP
CIO	- 0.75	OFC
CUZ	- 0.64	HPP
DEI	- 0.63	HPP
CIO	- 0.57	CUZ
EQC	- 0.55	HIW

Risk-Adjusted Indicators

There is a big difference between Kilroy Stock performing well and Kilroy 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 Kilroy 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
HPP	2.84	(0.80)	0.00	(0.37)	0.00	0.00	6.19	(5.70)	17.20
OFC	1.39	0.23	0.05	(0.53)	1.30	(1.67)	3.10	(2.44)	6.24
HIW	0.95	(0.02)	(0.05)	0.08	1.16	(1.02)	1.84	(2.16)	5.78
CUZ	0.83	0.18	0.10	0.45	0.91	(0.88)	1.92	(1.82)	5.40
PDM	1.28	(0.04)	(0.03)	0.08	1.55	(1.50)	3.08	(2.47)	8.49
DEI	1.36	0.27	0.17	0.40	1.37	(1.57)	2.79	(2.06)	8.58
BDN	1.64	0.01	0.02	0.13	2.80	(1.75)	3.61	(3.80)	18.66
CIO	1.67	(0.19)	0.00	(0.09)	0.00	0.00	3.84	(3.44)	11.18
EQC	0.27	(0.03)	0.00	(0.17)	0.00	0.00	0.50	(0.56)	3.49

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