Simon Property Correlations

SPG Stock  USD 175.79  2.16  1.24%   
The current 90-days correlation between Simon Property Group and Realty Income is -0.07 (i.e., Good diversification). The correlation of Simon Property 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.

Simon Property Correlation With Market

Modest diversification

The correlation between Simon Property Group and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simon Property Group 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 Simon Property Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Simon Stock

  0.71PK Park Hotels ResortsPairCorr
  0.74EPRT Essential PropertiesPairCorr
  0.62EQIX EquinixPairCorr
  0.74FCPT Four Corners PropertyPairCorr
  0.61AVB AvalonBay CommunitiesPairCorr
  0.62BDN Brandywine Realty Trust Earnings Call This WeekPairCorr
  0.84BRT BRT Realty TrustPairCorr
  0.64DEI Douglas Emmett Earnings Call This WeekPairCorr
  0.62DRH Diamondrock HospitalityPairCorr
  0.66ESS Essex Property Trust Earnings Call This WeekPairCorr

Related Correlations Analysis

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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   
GTYADC
SKTKIM
NTSTADC
ONNN
SITCO
SITCNNN
  
High negative correlations   
SITCREG
REGO

Risk-Adjusted Indicators

There is a big difference between Simon Stock performing well and Simon Property 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 Simon Property'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
FRT  0.94 (0.10) 0.00 (0.88) 0.00 
 1.54 
 5.92 
ADC  0.96 (0.09) 0.00 (5.17) 0.00 
 1.70 
 6.57 
NNN  1.05 (0.28) 0.00 (1.07) 0.00 
 1.63 
 5.85 
KIM  1.03 (0.11) 0.00 (0.15) 0.00 
 1.79 
 5.99 
O  1.00 (0.26) 0.00 (1.31) 0.00 
 1.99 
 5.12 
SKT  0.82 (0.06) 0.00 (0.24) 0.00 
 1.62 
 7.41 
REG  0.84 (0.01)(0.09) 1.87  1.11 
 1.50 
 4.58 
NTST  1.18 (0.16) 0.00 (0.17) 0.00 
 2.88 
 9.66 
GTY  1.00 (0.08) 0.00 (0.85) 0.00 
 2.34 
 5.80 
SITC  1.12 (0.19) 0.00 (2.75) 0.00 
 2.91 
 6.86