Phillips Edison Correlations

PECO Stock

USD 36.23 0.48 1.31%

The current 90-days correlation between Phillips Edison and Site Centers Corp is 0.53 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Phillips Edison moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Phillips Edison Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Phillips Edison Correlation With Market

Modest diversification

The correlation between Phillips Edison Co and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Phillips Edison Co 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 Phillips Edison Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Phillips Stock

0.68	O	Realty Income	Pair Corr
0.93	UE	Urban Edge Properties	Pair Corr
0.87	ADC-PA	Agree Realty	Pair Corr
0.63	BFS-PD	Saul Centers	Pair Corr
0.61	BFS-PE	Saul Centers	Pair Corr
0.68	FCPT	Four Corners Property	Pair Corr
0.75	ADC	Agree Realty	Pair Corr
0.97	AKR	Acadia Realty Trust	Pair Corr
0.91	ALX	Alexanders	Pair Corr
0.88	BFS	Saul Centers	Pair Corr
0.89	BRX	Brixmor Property	Pair Corr
0.91	FRT	Federal Realty Investment	Pair Corr
0.63	GTY	Getty Realty	Pair Corr
0.81	IVT	Inventrust Properties	Pair Corr
0.97	KIM	Kimco Realty	Pair Corr
0.9	KRG	Kite Realty Group	Pair Corr
0.9	NNN	National Retail Prop Earnings Call This Week	Pair Corr
0.74	REG	Regency Centers Earnings Call This Week	Pair Corr
0.9	SKT	Tanger Factory Outlet	Pair Corr
0.68	SPG	Simon Property Group Earnings Call This Week	Pair Corr
0.73	SRG	Seritage Growth Prop	Pair Corr
0.82	WSR	Whitestone REIT	Pair Corr
0.64	KIM-PL	Kimco Realty	Pair Corr
0.79	KIM-PN	Kimco Realty	Pair Corr
0.82	NTST	Netstreit Corp	Pair Corr
0.73	PINE	Alpineome Property Trust Earnings Call This Week	Pair Corr

Moving against Phillips Stock

0.79	CDR-PC	Cedar Realty Trust	Pair Corr
0.69	WHLRD	Wheeler Real Estate	Pair Corr
0.62	SRG-PA	Seritage Growth Prop	Pair Corr
0.48	DX	Dynex Capital	Pair Corr
0.45	ROIC	Retail Opportunity	Pair Corr

Related Correlations Analysis

	SITC	ROIC	UE	RPT	NTST	KRG	IVT	BRX	AKR	CBL
SITC		-0.58	0.65	0.53	0.8	0.7	0.47	0.54	0.64	-0.42	SITC
ROIC	-0.58		-0.41	-0.35	-0.46	-0.48	-0.23	-0.28	-0.44	0.39	ROIC
UE	0.65	-0.41		0.63	0.79	0.9	0.83	0.92	0.9	0.04	UE
RPT	0.53	-0.35	0.63		0.63	0.61	0.57	0.53	0.68	0.0	RPT
NTST	0.8	-0.46	0.79	0.63		0.86	0.71	0.8	0.82	-0.08	NTST
KRG	0.7	-0.48	0.9	0.61	0.86		0.83	0.84	0.89	0.02	KRG
IVT	0.47	-0.23	0.83	0.57	0.71	0.83		0.85	0.83	0.29	IVT
BRX	0.54	-0.28	0.92	0.53	0.8	0.84	0.85		0.91	0.32	BRX
AKR	0.64	-0.44	0.9	0.68	0.82	0.89	0.83	0.91		0.24	AKR
CBL	-0.42	0.39	0.04	0.0	-0.08	0.02	0.29	0.32	0.24		CBL
	SITC	ROIC	UE	RPT	NTST	KRG	IVT	BRX	AKR	CBL

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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

BRX	+ 0.92	UE
AKR	+ 0.91	BRX
KRG	+ 0.9	UE
AKR	+ 0.9	UE
AKR	+ 0.89	KRG
KRG	+ 0.86	NTST

High negative correlations

ROIC	- 0.58	SITC
KRG	- 0.48	ROIC
NTST	- 0.46	ROIC
AKR	- 0.44	ROIC
CBL	- 0.42	SITC
UE	- 0.41	ROIC

Risk-Adjusted Indicators

There is a big difference between Phillips Stock performing well and Phillips Edison 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 Phillips Edison'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
SITC	1.05	(0.10)	0.00	(2.80)	0.00	0.00	2.91	(1.96)	6.86
ROIC	0.21	0.04	(0.07)	0.20	0.00	(0.29)	0.29	(0.17)	4.79
UE	1.00	(0.20)	0.00	(0.27)	0.00	0.00	1.67	(2.67)	5.74
RPT	1.69	0.02	(0.03)	0.14	1.70	(2.08)	3.23	(2.69)	10.65
NTST	1.17	(0.06)	0.00	(0.07)	0.00	0.00	2.88	(2.13)	9.66
KRG	1.04	(0.16)	0.00	(0.26)	0.00	0.00	1.93	(2.29)	6.64
IVT	0.87	(0.01)	(0.05)	0.07	1.23	(0.87)	1.62	(2.09)	5.92
BRX	0.92	(0.14)	0.00	(0.28)	0.00	0.00	1.52	(2.19)	4.98
AKR	1.09	(0.10)	0.00	(0.26)	0.00	0.00	1.94	(2.50)	6.76
CBL	1.16	0.17	0.09	0.47	1.08	(1.46)	2.75	(1.66)	8.04

Phillips Edison Corporate Management

Kevin McCann	Chief Officer	Profile
Jeffrey Brown	Chief Officer	Profile
Gary Bailey	Senior Officer	Profile
Jeffrey Edison	Chairman CEO	Profile

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