SITE Centers Correlations

SITC-PA Preferred Stock

USD 25.16 0.00 0.00%

The current 90-days correlation between SITE Centers Corp and Saul Centers is 0.22 (i.e., Modest 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 -0.06 (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

0.83	CDR-PB	Cedar Realty Trust	Pair Corr
0.76	CDR-PC	Cedar Realty Trust	Pair Corr
0.77	KIM-PN	Kimco Realty	Pair Corr
0.88	WHLRD	Wheeler Real Estate	Pair Corr
0.8	WHLRP	Wheeler Real Estate	Pair Corr
0.86	UE	Urban Edge Properties	Pair Corr
0.66	MITT-PB	AG Mortgage Investment	Pair Corr
0.83	MITT-PC	AG Mortgage Investment	Pair Corr

Moving against SITE Preferred Stock

0.86	FR	First Industrial Realty	Pair Corr
0.81	UK	Ucommune International	Pair Corr
0.72	RC	Ready Capital Corp	Pair Corr
0.67	O	Realty Income	Pair Corr
0.32	KIM-PM	Kimco Realty	Pair Corr
0.32	HR	Healthcare Realty Trust	Pair Corr
0.87	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.79	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.79	VICI	VICI Properties	Pair Corr
0.77	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.73	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.72	ELME	Elme Communities	Pair Corr
0.65	VTMX	Corporacin Inmobiliaria	Pair Corr
0.6	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.52	ECRO	Ecc Cap Corp	Pair Corr

Related Correlations Analysis

	BFS-PE	BFS	REG	UE	AKR	SITC	ROIC	IVT
BFS-PE		0.06	-0.36	0.19	0.31	0.65	0.1	-0.08	BFS-PE
BFS	0.06		0.25	0.25	0.23	0.03	0.34	0.21	BFS
REG	-0.36	0.25		0.55	0.45	-0.17	0.6	0.69	REG
UE	0.19	0.25	0.55		0.94	0.56	0.93	0.86	UE
AKR	0.31	0.23	0.45	0.94		0.67	0.84	0.78	AKR
SITC	0.65	0.03	-0.17	0.56	0.67		0.42	0.4	SITC
ROIC	0.1	0.34	0.6	0.93	0.84	0.42		0.85	ROIC
IVT	-0.08	0.21	0.69	0.86	0.78	0.4	0.85		IVT
	BFS-PE	BFS	REG	UE	AKR	SITC	ROIC	IVT

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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

AKR	+ 0.94	UE
ROIC	+ 0.93	UE
IVT	+ 0.86	UE
IVT	+ 0.85	ROIC
ROIC	+ 0.84	AKR
IVT	+ 0.78	AKR

High negative correlations

REG	- 0.36	BFS-PE
SITC	- 0.17	REG
IVT	- 0.08	BFS-PE

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
BFS-PE	0.89	0.13	(0.01)	(0.84)	1.02	(0.99)	2.09	(1.65)	5.70
BFS	0.88	(0.03)	(0.08)	0.07	1.03	(0.91)	2.05	(1.43)	4.79
REG	0.75	0.07	(0.04)	0.54	0.85	(0.82)	1.32	(1.68)	4.55
UE	0.83	0.10	0.03	0.34	0.83	(0.90)	1.78	(1.57)	4.48
AKR	0.84	0.16	0.09	0.45	0.79	(0.88)	1.97	(1.64)	4.62
SITC	1.94	0.55	0.25	(1.91)	1.20	(2.75)	2.60	(2.81)	48.55
ROIC	0.84	0.10	0.05	0.31	0.65	(0.97)	1.93	(1.37)	9.01
IVT	0.82	0.04	(0.03)	0.21	1.04	(0.83)	1.83	(1.64)	4.89

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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SITE Centers Corporate Management

Christa CPA	Ex Officer	Profile
Monica Kukreja	Capital Relations	Profile
Jeff Scott	VP Reporting	Profile
Joseph Chura	VP Operations	Profile
Robert Siebenschuh	VP Operations	Profile
Aaron JD	Gen VP	Profile
Conor Fennerty	CFO VP	Profile

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