Empire State Correlations

OGCP Stock

USD 10.85 0.25 2.36%

The current 90-days correlation between Empire State Realty and Empire State Realty is -0.01 (i.e., Good diversification). The correlation of Empire State 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.

Empire State Correlation With Market

Average diversification

The correlation between Empire State Realty and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Empire State Realty and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Empire State 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 main economic indicators.

Moving together with Empire Stock

0.63	VNO-PL	Vornado Realty Trust	Pair Corr
0.66	VNO-PM	Vornado Realty Trust Potential Growth	Pair Corr
0.64	VNO-PN	Vornado Realty Trust	Pair Corr
0.67	VNO-PO	Vornado Realty Trust	Pair Corr
0.74	MITT-PA	AG Mortgage Investment	Pair Corr
0.77	MITT-PB	AG Mortgage Investment	Pair Corr
0.61	MITT-PC	AG Mortgage Investment	Pair Corr
0.75	EPRT	Essential Properties Sell-off Trend	Pair Corr
0.66	CDR-PB	Cedar Realty Trust	Pair Corr

Moving against Empire Stock

0.46	PW	Power REIT	Pair Corr
0.43	RC	Ready Capital Corp	Pair Corr
0.4	UK	Ucommune International	Pair Corr
0.38	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.35	VTMX	Corporacin Inmobiliaria	Pair Corr
0.42	AHH	Armada Hflr Pr	Pair Corr
0.37	AHT	Ashford Hospitality Trust	Pair Corr
0.34	ECRO	Ecc Cap Corp	Pair Corr

Related Correlations Analysis

	ESBA	CIO	CUZ	PSTL	FISK	BDN	PDM	OFC	HIW	DEI
ESBA		-0.05	0.37	0.23	0.46	0.28	0.4	0.18	0.35	0.39	ESBA
CIO	-0.05		-0.48	0.39	-0.02	0.0	0.17	-0.76	0.14	-0.43	CIO
CUZ	0.37	-0.48		0.27	0.67	0.54	0.71	0.63	0.7	0.94	CUZ
PSTL	0.23	0.39	0.27		0.3	0.09	0.54	-0.19	0.45	0.19	PSTL
FISK	0.46	-0.02	0.67	0.3		0.71	0.76	0.13	0.75	0.77	FISK
BDN	0.28	0.0	0.54	0.09	0.71		0.74	0.1	0.76	0.64	BDN
PDM	0.4	0.17	0.71	0.54	0.76	0.74		0.02	0.95	0.7	PDM
OFC	0.18	-0.76	0.63	-0.19	0.13	0.1	0.02		0.0	0.56	OFC
HIW	0.35	0.14	0.7	0.45	0.75	0.76	0.95	0.0		0.7	HIW
DEI	0.39	-0.43	0.94	0.19	0.77	0.64	0.7	0.56	0.7		DEI
	ESBA	CIO	CUZ	PSTL	FISK	BDN	PDM	OFC	HIW	DEI

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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

HIW	+ 0.95	PDM
DEI	+ 0.94	CUZ
DEI	+ 0.77	FISK
PDM	+ 0.76	FISK
HIW	+ 0.76	BDN
HIW	+ 0.75	FISK

High negative correlations

OFC	- 0.76	CIO
CUZ	- 0.48	CIO
DEI	- 0.43	CIO
OFC	- 0.19	PSTL
CIO	- 0.05	ESBA
FISK	- 0.02	CIO

Risk-Adjusted Indicators

There is a big difference between Empire Stock performing well and Empire State 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 Empire State'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
ESBA	1.75	0.06	(0.01)	0.58	1.99	(2.30)	4.75	(3.21)	15.52
CIO	1.66	(0.23)	0.00	(0.35)	0.00	0.00	3.84	(3.44)	11.18
CUZ	0.83	0.18	0.12	0.44	0.92	(0.88)	1.92	(1.82)	5.40
PSTL	0.79	(0.05)	0.00	(0.02)	0.00	0.00	1.76	(1.61)	5.81
FISK	1.06	0.06	0.01	0.19	1.31	(1.87)	4.90	(2.30)	11.01
BDN	1.63	0.02	0.02	0.10	2.94	(1.75)	3.61	(3.80)	18.66
PDM	1.26	(0.01)	(0.01)	0.07	1.58	(1.42)	3.04	(2.53)	8.38
OFC	1.39	0.20	0.07	(1.62)	1.30	(1.67)	3.10	(2.44)	6.24
HIW	0.95	(0.01)	(0.03)	0.08	1.14	(1.04)	1.84	(2.16)	5.78
DEI	1.34	0.29	0.18	0.38	1.35	(1.54)	2.79	(2.06)	8.58

Empire State Corporate Management

Thomas Keltner	Executive VP of Empire State ealty Trust, Inc, General Counsel of Empire State Realty Trust, Inc and Secretary of Empire State Realty Trust, Inc	Profile
Kevin Vilke	Inc Trust	Profile
Aaron Ratner	Inc Trust	Profile
Christopher Blackman	I Trust	Profile
Katy Malonoski	VP Relations	Profile
Fred Posniak	Inc Trust	Profile

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