SL Green Correlations

Stocks . USA . 
Stock . SL Green Realty
SLG Stock  USD 65.83  0.49  0.75%   
The current 90-days correlation between SL Green Realty and Douglas Emmett is 0.79 (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

Modest diversification

The correlation between SL Green Realty and DJI is 0.21 (i.e., Modest 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

  0.76FR First Industrial RealtyPairCorr
  0.69HR Healthcare Realty TrustPairCorr
  0.9UE Urban Edge PropertiesPairCorr
  0.75WY Weyerhaeuser Earnings Call This WeekPairCorr
  0.8VICI VICI PropertiesPairCorr
  0.86ELME Elme CommunitiesPairCorr
  0.69EPRT Essential PropertiesPairCorr
  0.84WELL WelltowerPairCorr
  0.76ESBA Empire State RealtyPairCorr
  0.81ESRT Empire State RealtyPairCorr
  0.61FCPT Four Corners PropertyPairCorr
  0.78FISK Empire State RealtyPairCorr
  0.86AAT American Assets TrustPairCorr
  0.85ADC Agree RealtyPairCorr
  0.91AHH Armada Hflr PrPairCorr
  0.81AKR Acadia Realty TrustPairCorr
  0.9ALX AlexandersPairCorr
  0.65AMT American Tower CorpPairCorr
  0.65ARE Alexandria Real EstatePairCorr
  0.79AVB AvalonBay CommunitiesPairCorr
  0.86BFS Saul CentersPairCorr
  0.76BNL Broadstone Net LeasePairCorr
  0.72BRX Brixmor PropertyPairCorr
  0.77BXP Boston PropertiesPairCorr
  0.79CCI Crown Castle Earnings Call This WeekPairCorr
  0.68CDP COPT Defense PropertiesPairCorr
  0.76CPT Camden Property Trust Sell-off TrendPairCorr

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  1.38 (0.20) 0.00 (0.29) 0.00 
 0.00 
 2.07 
(3.57)
 10.95 
DEI  1.69 (0.03) 0.00 (0.02) 0.00 
 0.00 
 2.77 
(4.39)
 11.24 
KRC  1.69  0.00  0.00  0.02  2.52 
(1.57)
 3.37 
(3.68)
 12.11 
ARE  1.23 (0.24) 0.00 (0.46) 0.00 
 0.00 
 2.28 
(2.86)
 7.73 
VNO  1.71  0.08  0.03  0.13  2.42 
(1.76)
 2.75 
(2.69)
 11.66 
HIW  1.14 (0.17) 0.00 (0.35) 0.00 
 0.00 
 1.53 
(2.83)
 8.15 
HPP  3.75 (0.46) 0.00 (0.28) 0.00 
 0.00 
 8.13 
(7.62)
 25.79 
PDM  1.50 (0.21) 0.00 (0.62) 0.00 
 0.00 
 3.26 
(3.84)
 10.92 
OPI  3.67 (0.96) 0.00  4.59  0.00 
 0.00 
 4.80 
(9.30)
 56.02 
CIO  1.84 (0.06) 0.00 (0.05) 0.00 
 0.00 
 3.67 
(4.47)
 13.60 

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