SBA Communications Correlations
| SBAC Stock | USD 220.66 1.23 0.56% |
The current 90-days correlation between SBA Communications Corp and Digital Realty Trust is 0.1 (i.e., Average diversification). The correlation of SBA Communications 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.
SBA Communications Correlation With Market
Very good diversification
The correlation between SBA Communications Corp and DJI is -0.28 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SBA Communications Corp and DJI in the same portfolio, assuming nothing else is changed.
SBA |
Moving together with SBA Stock
| 0.9 | O | Realty Income | PairCorr |
| 0.63 | WY | Weyerhaeuser Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.76 | VICI | VICI Properties | PairCorr |
| 0.7 | FCPT | Four Corners Property | PairCorr |
| 0.82 | AMT | American Tower Corp | PairCorr |
| 0.74 | ARE | Alexandria Real Estate | PairCorr |
| 0.85 | BNL | Broadstone Net Lease | PairCorr |
| 0.81 | CCI | Crown Castle Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.69 | CIO | City Office | PairCorr |
Moving against SBA Stock
| 0.52 | PK | Park Hotels Resorts | PairCorr |
| 0.45 | UE | Urban Edge Properties | PairCorr |
| 0.51 | AHT | Ashford Hospitality Trust | PairCorr |
| 0.42 | BRX | Brixmor Property | PairCorr |
| 0.36 | BRT | BRT Realty Trust | PairCorr |
| 0.32 | AKR | Acadia Realty Trust | PairCorr |
| 0.57 | FPI | Farmland Partners | PairCorr |
| 0.44 | DLR | Digital Realty Trust | PairCorr |
Related Correlations Analysis
| -0.76 | -0.56 | -0.09 | 0.95 | 0.68 | AMT | ||
| -0.76 | 0.92 | 0.51 | -0.68 | -0.4 | DLR | ||
| -0.56 | 0.92 | 0.62 | -0.45 | -0.22 | EQIX | ||
| -0.09 | 0.51 | 0.62 | -0.11 | 0.46 | IRM | ||
| 0.95 | -0.68 | -0.45 | -0.11 | 0.62 | CCI | ||
| 0.68 | -0.4 | -0.22 | 0.46 | 0.62 | HASI | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between SBA Stock performing well and SBA Communications 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 SBA Communications' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AMT | 1.13 | 0.00 | 0.00 | 0.12 | 0.00 | 2.17 | 11.15 | |||
| DLR | 1.09 | 0.39 | 0.20 | (2.03) | 0.93 | 2.17 | 13.70 | |||
| EQIX | 0.82 | 0.20 | 0.09 | 20.19 | 0.76 | 1.90 | 6.14 | |||
| IRM | 1.29 | 0.15 | (0.01) | (0.24) | 2.39 | 2.39 | 12.39 | |||
| CCI | 1.12 | 0.02 | 0.00 | 0.08 | 0.00 | 1.98 | 7.45 | |||
| HASI | 1.71 | (0.03) | 0.00 | 0.37 | 0.00 | 2.79 | 18.58 |
SBA Communications Corporate Executives
Elected by the shareholders, the SBA Communications' board of directors comprises two types of representatives: SBA Communications inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SBA. The board's role is to monitor SBA Communications' management team and ensure that shareholders' interests are well served. SBA Communications' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, SBA Communications' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Marc Montagner | Executive CFO | Profile |