Prologis Correlations

PLD Stock

USD 129.15 1.38 1.08%

The current 90-days correlation between Prologis and Welltower is 0.38 (i.e., Weak diversification). The correlation of Prologis 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.

Prologis Correlation With Market

Very weak diversification

The correlation between Prologis and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prologis and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Prologis Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Prologis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

For information on how to trade Prologis Stock refer to our How to Trade Prologis Stock guide.

Moving together with Prologis Stock

0.98	FR	First Industrial Realty	Pair Corr
0.76	PRSR	PRS Reit PLC	Pair Corr
0.74	SGRO	Segro Plc	Pair Corr
0.7	EPRT	Essential Properties	Pair Corr
0.65	RFF	Rural Funds Group	Pair Corr
0.64	AHR	American Healthcare REIT,	Pair Corr
0.61	DHC	Diversified Healthcare	Pair Corr
0.95	EGP	EastGroup Properties	Pair Corr
0.66	FVR	FrontView REIT,	Pair Corr
0.85	LXP	LXP Industrial Trust	Pair Corr

Moving against Prologis Stock

0.84	DEI	Douglas Emmett	Pair Corr
0.82	BDN	Brandywine Realty Trust	Pair Corr
0.77	ARE	Alexandria Real Estate	Pair Corr
0.77	CUZ	Cousins Properties	Pair Corr
0.71	BEI-UN	Boardwalk Real Estate	Pair Corr
0.63	CAR-UN	Canadian Apartment	Pair Corr
0.53	ESRT	Empire State Realty	Pair Corr
0.49	ESBA	Empire State Realty	Pair Corr
0.47	BXP	Boston Properties	Pair Corr
0.46	IIP-UN	InterRent Real Estate	Pair Corr
0.45	AAT	American Assets Trust	Pair Corr
0.42	GDI	GDI Property Group	Pair Corr
0.41	FISK	Empire State Realty	Pair Corr
0.37	CIO	City Office	Pair Corr
0.32	BNL	Broadstone Net Lease	Pair Corr
0.83	SLG	SL Green Realty	Pair Corr
0.82	FSP	Franklin Street Prop	Pair Corr
0.76	SVC	Service Properties Trust	Pair Corr
0.73	HPP	Hudson Pacific Properties	Pair Corr
0.71	KCR	KCR Residential Reit	Pair Corr
0.69	VNO	Vornado Realty Trust	Pair Corr
0.5	OLP	One Liberty Properties	Pair Corr
0.48	WPC	W P Carey	Pair Corr
0.38	HOT-U	American Hotel Income	Pair Corr
0.37	DOC	Healthpeak Properties	Pair Corr
0.34	KRC	Kilroy Realty Corp	Pair Corr
0.32	APR-UN	Automotive Properties	Pair Corr

Related Correlations Analysis

	WELL	AMT	PSA	EQIX	EXR	DLR	EGP	SPG
WELL		-0.56	-0.75	-0.63	-0.77	-0.68	0.52	0.45	WELL
AMT	-0.56		0.78	0.37	0.76	0.75	-0.54	-0.25	AMT
PSA	-0.75	0.78		0.63	0.97	0.8	-0.34	-0.57	PSA
EQIX	-0.63	0.37	0.63		0.57	0.69	-0.23	-0.58	EQIX
EXR	-0.77	0.76	0.97	0.57		0.72	-0.3	-0.46	EXR
DLR	-0.68	0.75	0.8	0.69	0.72		-0.61	-0.56	DLR
EGP	0.52	-0.54	-0.34	-0.23	-0.3	-0.61		0.26	EGP
SPG	0.45	-0.25	-0.57	-0.58	-0.46	-0.56	0.26		SPG
	WELL	AMT	PSA	EQIX	EXR	DLR	EGP	SPG

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

EXR	+ 0.97	PSA
DLR	+ 0.8	PSA
PSA	+ 0.78	AMT
EXR	+ 0.76	AMT
DLR	+ 0.75	AMT
DLR	+ 0.72	EXR

High negative correlations

EXR	- 0.77	WELL
PSA	- 0.75	WELL
DLR	- 0.68	WELL
EQIX	- 0.63	WELL
EGP	- 0.61	DLR
SPG	- 0.58	EQIX

Risk-Adjusted Indicators

There is a big difference between Prologis Stock performing well and Prologis 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 Prologis' 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
WELL	1.03	0.11	0.03	1.11	1.34	(1.00)	1.78	(2.23)	5.82
AMT	0.89	(0.17)	0.00	(0.54)	0.00	0.00	1.89	(2.35)	5.58
PSA	1.01	(0.14)	0.00	(0.15)	0.00	0.00	1.86	(1.97)	5.13
EQIX	1.01	(0.10)	0.00	(0.10)	0.00	0.00	2.10	(2.25)	7.72
EXR	1.06	(0.13)	0.00	(0.10)	0.00	0.00	2.14	(1.95)	7.04
DLR	1.16	(0.21)	0.00	(0.22)	0.00	0.00	2.16	(3.27)	6.20
EGP	0.86	0.09	0.05	0.23	0.87	(0.94)	1.97	(1.52)	4.30
SPG	0.78	0.02	(0.02)	0.12	1.00	(0.81)	1.57	(1.68)	4.95

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