SITE Centers Correlations

SITC-P-A

24.24 0.09 0.37%

The current 90-days correlation between SITE Centers Corp and Algoma Steel Group is -0.17 (i.e., Good diversification). The correlation of SITE Centers 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.

SITE Centers Correlation With Market

Good diversification

The correlation between SITE Centers Corp and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SITE Centers Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to SITE Centers could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SITE Centers when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SITE Centers - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SITE Centers Corp to buy it.

Moving together with SITE Preferred Stock

0.62	INPAP	International Paper	Pair Corr
0.67	CVPBF	CP ALL Public	Pair Corr
0.67	NMPWP	Niagara Mohawk Power	Pair Corr
0.71	SCVPF	Siam Cement	Pair Corr
0.68	PTAIF	PT Astra International	Pair Corr
0.67	MET	MetLife	Pair Corr
0.65	JXN-PA	Jackson Financial	Pair Corr
0.73	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.64	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.81	WMT	Walmart Aggressive Push	Pair Corr
0.73	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.64	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr

Moving against SITE Preferred Stock

0.69	PPERF	Bank Mandiri Persero	Pair Corr
0.63	BKRKF	PT Bank Rakyat	Pair Corr
0.53	BKRKY	Bank Rakyat	Pair Corr
0.5	PPERY	Bank Mandiri Persero	Pair Corr
0.46	ELCPF	EDP Energias	Pair Corr
0.45	TLK	Telkom Indonesia Tbk	Pair Corr
0.38	PBCRY	Bank Central Asia	Pair Corr
0.59	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.56	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.49	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	ASTL	SYPLF	ZEUS	PTEN	TS	IRIG	MAANF	FTLF
ASTL		0.28	0.53	0.28	0.73	0.0	0.48	0.04	ASTL
SYPLF	0.28		0.27	-0.1	0.72	0.0	0.49	-0.44	SYPLF
ZEUS	0.53	0.27		0.55	0.67	0.0	0.0	0.25	ZEUS
PTEN	0.28	-0.1	0.55		0.18	0.0	-0.12	0.42	PTEN
TS	0.73	0.72	0.67	0.18		0.0	0.44	-0.09	TS
IRIG	0.0	0.0	0.0	0.0	0.0		0.0	0.0	IRIG
MAANF	0.48	0.49	0.0	-0.12	0.44	0.0		-0.4	MAANF
FTLF	0.04	-0.44	0.25	0.42	-0.09	0.0	-0.4		FTLF
	ASTL	SYPLF	ZEUS	PTEN	TS	IRIG	MAANF	FTLF

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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

TS	+ 0.73	ASTL
TS	+ 0.72	SYPLF
TS	+ 0.67	ZEUS
PTEN	+ 0.55	ZEUS
ZEUS	+ 0.53	ASTL
MAANF	+ 0.49	SYPLF

High negative correlations

FTLF	- 0.44	SYPLF
FTLF	- 0.4	MAANF
MAANF	- 0.12	PTEN
PTEN	- 0.1	SYPLF
FTLF	- 0.09	TS
FTLF	- 0.0	IRIG

Risk-Adjusted Indicators

There is a big difference between SITE Preferred Stock performing well and SITE Centers 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 SITE Centers' 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
ASTL	1.66	(0.13)	(0.04)	0.03	1.92	(1.77)	3.78	(3.26)	12.55
SYPLF	0.02	0.00	0.00	(0.07)	0.00	0.00	0.00	0.00	0.71
ZEUS	2.11	(0.11)	0.01	0.06	2.56	(2.18)	4.04	(4.03)	14.88
PTEN	2.13	(0.32)	0.00	(0.07)	0.00	0.00	3.53	(4.36)	14.09
TS	1.02	0.30	0.24	0.37	0.75	(1.16)	2.44	(1.95)	11.16
IRIG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MAANF	0.84	(0.10)	0.00	(0.12)	0.00	0.00	0.00	0.00	45.00
FTLF	1.25	(0.08)	(0.04)	0.02	2.03	(1.32)	3.21	(2.29)	14.26

Be your own money manager

Our tools can tell you how much better you can do entering a position in SITE Centers without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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