Plymouth Industrial Correlations

PLYM Stock

USD 16.90 0.27 1.62%

The current 90-days correlation between Plymouth Industrial REIT and LXP Industrial Trust is 0.8 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Plymouth Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Plymouth Industrial REIT moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Plymouth Industrial Correlation With Market

Significant diversification

The correlation between Plymouth Industrial REIT and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Plymouth Industrial REIT 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 Plymouth Industrial REIT. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Plymouth Stock

0.86	ARE	Alexandria Real Estate	Pair Corr
0.85	BXP	Boston Properties	Pair Corr
0.93	HIW	Highwoods Properties Earnings Call This Week	Pair Corr
0.9	HPP	Hudson Pacific Properties Buyout Trend	Pair Corr
0.92	PDM	Piedmont Office Realty Earnings Call This Week	Pair Corr
0.81	SLG	SL Green Realty	Pair Corr
0.8	O	Realty Income	Pair Corr
0.8	KW	Kennedy Wilson Holdings	Pair Corr
0.67	UE	Urban Edge Properties	Pair Corr
0.64	WY	Weyerhaeuser	Pair Corr
0.82	ADC-PA	Agree Realty	Pair Corr
0.74	VNO-PO	Vornado Realty Trust	Pair Corr

Moving against Plymouth Stock

0.69	DX	Dynex Capital	Pair Corr
0.66	INN	Summit Hotel Properties	Pair Corr
0.63	RLJ	RLJ Lodging Trust	Pair Corr
0.6	SHO	Sunstone Hotel Investors	Pair Corr
0.4	PEB	Pebblebrook Hotel Trust Sell-off Trend	Pair Corr
0.32	CLDT	Chatham Lodging Trust	Pair Corr
0.85	MITT-PC	AG Mortgage Investment	Pair Corr
0.61	CDR-PC	Cedar Realty Trust	Pair Corr

Related Correlations Analysis

	REXR	EGP	LXP	INDT	FR	TRNO	SELF	COLD
REXR		0.87	0.89	-0.67	0.81	0.31	-0.52	0.82	REXR
EGP	0.87		0.87	-0.6	0.94	0.41	-0.48	0.68	EGP
LXP	0.89	0.87		-0.73	0.77	0.14	-0.49	0.74	LXP
INDT	-0.67	-0.6	-0.73		-0.41	0.28	0.51	-0.76	INDT
FR	0.81	0.94	0.77	-0.41		0.52	-0.41	0.63	FR
TRNO	0.31	0.41	0.14	0.28	0.52		0.0	0.09	TRNO
SELF	-0.52	-0.48	-0.49	0.51	-0.41	0.0		-0.59	SELF
COLD	0.82	0.68	0.74	-0.76	0.63	0.09	-0.59		COLD
	REXR	EGP	LXP	INDT	FR	TRNO	SELF	COLD

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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

FR	+ 0.94	EGP
LXP	+ 0.89	REXR
EGP	+ 0.87	REXR
LXP	+ 0.87	EGP
COLD	+ 0.82	REXR
FR	+ 0.81	REXR

High negative correlations

COLD	- 0.76	INDT
INDT	- 0.73	LXP
INDT	- 0.67	REXR
INDT	- 0.6	EGP
COLD	- 0.59	SELF
SELF	- 0.52	REXR

Risk-Adjusted Indicators

There is a big difference between Plymouth Stock performing well and Plymouth Industrial 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 Plymouth Industrial'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
REXR	1.31	(0.16)	0.00	(0.24)	0.00	0.00	2.50	(2.77)	8.75
EGP	1.07	(0.10)	0.00	(39.97)	0.00	0.00	1.87	(1.94)	7.44
LXP	1.18	(0.22)	0.00	(0.31)	0.00	0.00	2.26	(2.70)	9.11
INDT	0.06	0.02	(1.05)	(0.92)	0.00	(0.08)	0.15	(0.08)	0.48
FR	1.04	(0.06)	0.00	(1.18)	0.00	0.00	2.30	(1.74)	6.33
TRNO	1.08	0.04	(0.01)	0.20	1.38	(1.13)	2.62	(2.30)	11.10
SELF	0.98	0.05	(0.03)	(1.39)	1.35	(1.00)	2.02	(1.93)	7.35
COLD	1.45	(0.28)	0.00	(0.58)	0.00	0.00	3.04	(3.24)	9.91

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