Safehold Correlations

SAFE Stock

USD 13.69 0.09 0.66%

The current 90-days correlation between Safehold and Chimera Investment is -0.17 (i.e., Good diversification). The correlation of Safehold 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.

Safehold Correlation With Market

Modest diversification

The correlation between Safehold 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 Safehold and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Safehold Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Safehold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

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

Moving together with Safehold Stock

0.76	VICI	VICI Properties	Pair Corr
0.79	FPI	Farmland Partners	Pair Corr
0.75	IRM	Iron Mountain	Pair Corr
0.73	LPA	Logistic Properties	Pair Corr
0.75	MRP	Millrose Properties,	Pair Corr

Moving against Safehold Stock

0.74	OUT	Outfront Media	Pair Corr
0.7	LAMR	Lamar Advertising	Pair Corr
0.62	PTAIY	Astra International Tbk	Pair Corr
0.59	TUXS	Tuxis	Pair Corr
0.56	UNIT	Uniti Group	Pair Corr
0.8	EC	Ecopetrol SA ADR	Pair Corr
0.75	TGS	Transportadora de Gas	Pair Corr
0.69	FEMY	Femasys	Pair Corr
0.68	FTI	TechnipFMC PLC	Pair Corr
0.66	KODK	Eastman Kodak	Pair Corr
0.64	KYOCF	Kyocera	Pair Corr
0.58	DNGFF	Dongfang ElectricLimited	Pair Corr
0.42	EOLS	Evolus Inc	Pair Corr
0.36	PKX	POSCO Holdings	Pair Corr
0.32	PHJMF	PT Hanjaya Mandala	Pair Corr
0.79	CSCO	Cisco Systems	Pair Corr
0.65	JNJ	Johnson Johnson	Pair Corr

Related Correlations Analysis

	CIM	ALEX	PMT	PLYM	TWO	AAT	GOOD	MFA	CIO
CIM		0.36	0.12	-0.44	0.37	0.56	0.31	0.27	0.35	CIM
ALEX	0.36		0.44	-0.33	0.69	0.13	-0.11	0.61	0.55	ALEX
PMT	0.12	0.44		0.1	0.77	-0.09	-0.19	0.72	-0.23	PMT
PLYM	-0.44	-0.33	0.1		-0.24	0.02	-0.05	-0.16	-0.37	PLYM
TWO	0.37	0.69	0.77	-0.24		-0.08	-0.13	0.78	0.18	TWO
AAT	0.56	0.13	-0.09	0.02	-0.08		0.42	-0.05	0.28	AAT
GOOD	0.31	-0.11	-0.19	-0.05	-0.13	0.42		-0.43	0.38	GOOD
MFA	0.27	0.61	0.72	-0.16	0.78	-0.05	-0.43		0.04	MFA
CIO	0.35	0.55	-0.23	-0.37	0.18	0.28	0.38	0.04		CIO
	CIM	ALEX	PMT	PLYM	TWO	AAT	GOOD	MFA	CIO

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

MFA	+ 0.78	TWO
TWO	+ 0.77	PMT
MFA	+ 0.72	PMT
TWO	+ 0.69	ALEX
MFA	+ 0.61	ALEX
AAT	+ 0.56	CIM

High negative correlations

PLYM	- 0.44	CIM
MFA	- 0.43	GOOD
CIO	- 0.37	PLYM
PLYM	- 0.33	ALEX
TWO	- 0.24	PLYM
CIO	- 0.23	PMT

Risk-Adjusted Indicators

There is a big difference between Safehold Stock performing well and Safehold 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 Safehold'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
CIM	1.22	(0.11)	0.00	(0.06)	0.00	0.00	2.17	(1.93)	11.77
ALEX	1.38	0.23	0.18	0.21	0.94	(1.71)	1.55	(2.19)	37.97
PMT	0.99	0.08	0.04	0.29	1.21	(1.10)	1.95	(2.26)	11.09
PLYM	0.46	(0.04)	0.00	(0.10)	0.00	0.00	0.95	(0.94)	5.25
TWO	1.29	0.09	0.05	0.21	1.24	(1.73)	3.01	(2.28)	15.69
AAT	0.92	(0.13)	0.00	(0.13)	0.00	0.00	1.86	(1.46)	7.25
GOOD	1.03	(0.20)	0.00	(0.21)	0.00	0.00	2.29	(2.44)	7.33
MFA	1.03	0.04	0.02	0.09	1.15	(1.25)	2.44	(1.90)	6.06
CIO	0.17	(0.01)	(0.17)	(0.11)	0.22	(0.29)	0.29	(0.43)	2.20

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