National Retail Correlations

NNN Stock

USD 40.07 0.13 0.33%

The current 90-days correlation between National Retail Prop and Federal Realty Investment is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as National Retail moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if National Retail Properties moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

National Retail Correlation With Market

Average diversification

The correlation between National Retail Properties and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding National Retail Properties 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 National Retail 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 board of governors.

Moving together with National Stock

0.96	O	Realty Income	Pair Corr
0.92	FR	First Industrial Realty	Pair Corr
0.83	WY	Weyerhaeuser Earnings Call This Week	Pair Corr
0.91	VICI	VICI Properties	Pair Corr
0.77	ELME	Elme Communities	Pair Corr
0.76	EPRT	Essential Properties	Pair Corr
0.73	ESBA	Empire State Realty	Pair Corr
0.78	ESRT	Empire State Realty	Pair Corr
0.86	WHLR	Wheeler Real Estate	Pair Corr
0.74	FCPT	Four Corners Property	Pair Corr
0.76	FISK	Empire State Realty	Pair Corr
0.66	AAT	American Assets Trust	Pair Corr
0.68	ADC	Agree Realty	Pair Corr
0.77	AHH	Armada Hflr Pr	Pair Corr
0.81	ALX	Alexanders	Pair Corr
0.95	AMT	American Tower Corp	Pair Corr
0.91	ARE	Alexandria Real Estate	Pair Corr
0.63	BFS	Saul Centers	Pair Corr
0.95	BNL	Broadstone Net Lease	Pair Corr
0.94	BXP	Boston Properties	Pair Corr
0.92	CCI	Crown Castle Earnings Call This Week	Pair Corr

Moving against National Stock

0.57	AHR	American Healthcare REIT,	Pair Corr
0.37	EQIX	Equinix	Pair Corr
0.53	AHT	Ashford Hospitality Trust	Pair Corr
0.34	CTO	CTO Realty Growth	Pair Corr

Related Correlations Analysis

	AKR	FRT	O	WSR	ADC	SPG	KIM	UBA	UBP	BFS
AKR		0.87	0.3	0.86	0.73	0.64	0.93	-0.35	-0.29	0.89	AKR
FRT	0.87		0.43	0.8	0.68	0.41	0.89	-0.47	-0.41	0.83	FRT
O	0.3	0.43		0.14	0.65	-0.14	0.26	-0.82	-0.84	0.54	O
WSR	0.86	0.8	0.14		0.59	0.68	0.84	-0.19	-0.11	0.76	WSR
ADC	0.73	0.68	0.65	0.59		0.52	0.75	-0.53	-0.48	0.79	ADC
SPG	0.64	0.41	-0.14	0.68	0.52		0.68	0.27	0.33	0.49	SPG
KIM	0.93	0.89	0.26	0.84	0.75	0.68		-0.28	-0.21	0.83	KIM
UBA	-0.35	-0.47	-0.82	-0.19	-0.53	0.27	-0.28		0.99	-0.56	UBA
UBP	-0.29	-0.41	-0.84	-0.11	-0.48	0.33	-0.21	0.99		-0.53	UBP
BFS	0.89	0.83	0.54	0.76	0.79	0.49	0.83	-0.56	-0.53		BFS
	AKR	FRT	O	WSR	ADC	SPG	KIM	UBA	UBP	BFS

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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
KIM	+ 0.93	AKR
BFS	+ 0.89	AKR
KIM	+ 0.89	FRT
FRT	+ 0.87	AKR
WSR	+ 0.86	AKR

High negative correlations

UBP	- 0.84	O
UBA	- 0.82	O
BFS	- 0.56	UBA
BFS	- 0.53	UBP
UBA	- 0.53	ADC
UBP	- 0.48	ADC

Risk-Adjusted Indicators

There is a big difference between National Stock performing well and National Retail 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 National Retail'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
AKR	1.02	(0.07)	0.00	(0.14)	0.00	0.00	1.96	(2.20)	6.68
FRT	0.86	(0.08)	0.00	(0.63)	0.00	0.00	1.49	(2.78)	5.92
O	0.95	(0.18)	0.00	(1.56)	0.00	0.00	2.00	(2.00)	5.16
WSR	1.04	(0.06)	0.00	(0.41)	0.00	0.00	1.60	(2.09)	8.25
ADC	0.91	(0.03)	0.00	(0.11)	0.00	0.00	1.81	(1.69)	6.57
SPG	0.92	0.03	0.01	0.15	1.33	(0.89)	1.72	(1.72)	7.36
KIM	0.96	(0.05)	0.00	(0.20)	0.00	0.00	1.78	(1.96)	6.79
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

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