SL Green Correlations

SLG Stock

USD 39.27 0.27 0.68%

The current 90-days correlation between SL Green Realty and Douglas Emmett is 0.67 (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 -0.07 (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.

Build AI portfolio with SLG Stock

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 board of governors.

Moving together with SLG Stock

0.67	GDI	GDI Property Group Earnings Call This Week	Pair Corr
0.65	DXS	Dexus	Pair Corr
0.65	VO7	Vornado Realty Trust	Pair Corr
0.93	GEI	SL Green Realty	Pair Corr

Moving against SLG Stock

0.44	0FA	Farmland Partners	Pair Corr
0.42	FQI	Digital Realty Trust	Pair Corr
0.39	O1A	One Liberty Properties	Pair Corr
0.35	SGRO	Segro Plc Earnings Call Tomorrow	Pair Corr
0.54	EPRT	Essential Properties	Pair Corr
0.5	WELL	Welltower	Pair Corr
0.54	AHR	American Healthcare REIT Earnings Call This Week	Pair Corr
0.41	DHC	Diversified Healthcare	Pair Corr
0.38	BNL	Broadstone Net Lease	Pair Corr
0.37	DEA	Eerly Govt Ppty	Pair Corr

Related Correlations Analysis

	BXP	DEI	KRC	ARE	VNO	HIW	HPP	PDM	OPI	CIO
BXP		0.93	0.93	-0.5	0.92	0.62	0.91	0.24	-0.27	0.59	BXP
DEI	0.93		0.96	-0.45	0.91	0.68	0.95	0.2	-0.28	0.57	DEI
KRC	0.93	0.96		-0.44	0.91	0.71	0.93	0.12	-0.32	0.64	KRC
ARE	-0.5	-0.45	-0.44		-0.36	0.1	-0.54	0.28	0.44	-0.19	ARE
VNO	0.92	0.91	0.91	-0.36		0.6	0.82	0.3	-0.3	0.6	VNO
HIW	0.62	0.68	0.71	0.1	0.6		0.66	0.15	0.06	0.58	HIW
HPP	0.91	0.95	0.93	-0.54	0.82	0.66		0.01	-0.21	0.59	HPP
PDM	0.24	0.2	0.12	0.28	0.3	0.15	0.01		0.04	0.11	PDM
OPI	-0.27	-0.28	-0.32	0.44	-0.3	0.06	-0.21	0.04		0.1	OPI
CIO	0.59	0.57	0.64	-0.19	0.6	0.58	0.59	0.11	0.1		CIO
	BXP	DEI	KRC	ARE	VNO	HIW	HPP	PDM	OPI	CIO

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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

KRC	+ 0.96	DEI
HPP	+ 0.95	DEI
DEI	+ 0.93	BXP
KRC	+ 0.93	BXP
HPP	+ 0.93	KRC
VNO	+ 0.92	BXP

High negative correlations

HPP	- 0.54	ARE
ARE	- 0.5	BXP
ARE	- 0.45	DEI
ARE	- 0.44	KRC
VNO	- 0.36	ARE
OPI	- 0.32	KRC

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BXP	1.25	(0.25)	0.00	(0.20)	0.00	0.00	2.00	(2.89)	9.04
DEI	1.16	(0.30)	0.00	(0.31)	0.00	0.00	2.57	(2.88)	7.98
KRC	1.23	(0.41)	0.00	(0.45)	0.00	0.00	2.64	(2.63)	9.32
ARE	1.92	0.03	0.01	0.08	3.18	(1.73)	3.66	(5.45)	14.20
VNO	1.47	(0.26)	0.00	(0.19)	0.00	0.00	2.74	(2.98)	11.34
HIW	1.25	(0.31)	0.00	(0.95)	0.00	0.00	1.92	(2.93)	14.21
HPP	2.98	(1.32)	0.00	(0.52)	0.00	0.00	4.26	(7.13)	19.69
PDM	1.53	(0.08)	0.00	(0.06)	0.00	0.00	2.86	(3.29)	11.90
OPI	9.34	(0.41)	0.00	0.33	0.00	0.00	24.00	(16.67)	108.74
CIO	3.29	(1.09)	0.00	4.16	0.00	0.00	2.06	(0.58)	100.99

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