SL Green Correlations

Stocks . USA . 
Stock . SL Green Realty
SLG Stock  USD 59.81  1.73  2.81%   
The current 90-days correlation between SL Green Realty and Douglas Emmett is 0.78 (i.e., Poor diversification). The correlation of SL Green 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.

SL Green Correlation With Market

Good diversification

The correlation between SL Green Realty and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SL Green Realty and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SL Green Realty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with SLG Stock

  0.83HR Healthcare Realty TrustPairCorr
  0.79PK Park Hotels Resorts Sell-off TrendPairCorr
  0.88UE Urban Edge PropertiesPairCorr
  0.7EPRT Essential PropertiesPairCorr
  0.85EQIX Equinix Downward RallyPairCorr
  0.68ESBA Empire State RealtyPairCorr
  0.88ESRT Empire State RealtyPairCorr
  0.9WHLR Wheeler Real EstatePairCorr
  0.86FISK Empire State RealtyPairCorr
  0.86AAT American Assets TrustPairCorr
  0.9AHH Armada Hflr PrPairCorr
  0.89AKR Acadia Realty TrustPairCorr
  0.73AMH American Homes 4PairCorr
  0.69ARE Alexandria Real EstatePairCorr
  0.74AVB AvalonBay CommunitiesPairCorr
  0.76BDN Brandywine Realty TrustPairCorr
  0.93BFS Saul CentersPairCorr
  0.84BHR Braemar Hotel ResortsPairCorr
  0.71BNL Broadstone Net LeasePairCorr
  0.86BRT BRT Realty Trust Earnings Call This WeekPairCorr
  0.82BRX Brixmor PropertyPairCorr
  0.97BXP Boston PropertiesPairCorr
  0.82CCI Crown CastlePairCorr
  0.81CDP COPT Defense PropertiesPairCorr
  0.83CIO City OfficePairCorr

Moving against SLG Stock

  0.5AIV Apartment Investment andPairCorr
  0.34WELL WelltowerPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between SLG Stock performing well and SL Green 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 SL Green'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BXP  1.48 (0.29) 0.00  1.75  0.00 
 0.00 
 2.37 
(3.90)
 10.95 
DEI  1.62 (0.23) 0.00  0.98  0.00 
 0.00 
 2.88 
(4.38)
 10.07 
KRC  1.80 (0.24) 0.00 (0.35) 0.00 
 0.00 
 2.99 
(3.90)
 12.11 
ARE  1.20 (0.08) 0.00 (0.23) 0.00 
 0.00 
 2.70 
(2.85)
 7.58 
VNO  1.74 (0.11) 0.00  0.67  0.00 
 0.00 
 2.94 
(3.78)
 11.60 
HIW  1.23 (0.11) 0.00 (0.26) 0.00 
 0.00 
 2.39 
(3.27)
 7.07 
HPP  3.41  0.03  0.00 (0.05) 0.00 
 0.00 
 7.58 
(6.56)
 23.29 
PDM  1.59 (0.36) 0.00 (0.56) 0.00 
 0.00 
 2.91 
(3.74)
 12.31 
OPI  2.78 (0.85) 0.00  3.15  0.00 
 0.00 
 4.40 
(7.64)
 17.21 
CIO  1.65  0.02  0.04 (0.31) 2.30 
(1.69)
 3.57 
(3.44)
 13.60 

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