Simon Property Correlations

SPG Stock

USD 191.31 1.51 0.80%

The current 90-days correlation between Simon Property Group and Realty Income is 0.15 (i.e., Average 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

Poor diversification

The correlation between Simon Property Group and DJI is 0.62 (i.e., Poor 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.

Build AI portfolio with Simon Stock

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 metropolitan statistical area.

Moving together with Simon Stock

0.67	PLZ-UN	Plaza Retail REIT	Pair Corr
0.63	IVT	Inventrust Properties	Pair Corr
0.72	MAC	Macerich Earnings Call This Week	Pair Corr
0.73	SGR-U	Slate Grocery REIT	Pair Corr
0.68	TUXS	Tuxis	Pair Corr
0.62	AMKBY	AP Moeller Maersk Earnings Call This Week	Pair Corr
0.7	SON	Sonoco Products	Pair Corr
0.61	ACN	Accenture plc	Pair Corr
0.61	TM	Toyota Motor Earnings Call This Week	Pair Corr
0.62	ARRJF	Arjo AB	Pair Corr
0.71	LSBK	Lake Shore Bancorp	Pair Corr

Moving against Simon Stock

0.76	OPINL	Office Properties Income	Pair Corr
0.41	DXC	Dexus Convenience Retail	Pair Corr
0.63	PSGTF	PT Semen Indonesia	Pair Corr
0.68	ATMV	ATMV Old Symbol Change	Pair Corr
0.46	MMC	MMC Old Symbol Change	Pair Corr

Related Correlations Analysis

	FRT	ADC	NNN	KIM	O	SKT	REG	NTST	GTY	SITC
FRT		-0.33	0.39	0.45	0.63	0.33	0.37	-0.09	0.71	0.24	FRT
ADC	-0.33		0.3	0.14	-0.05	-0.22	0.35	0.43	-0.11	-0.03	ADC
NNN	0.39	0.3		0.57	0.8	-0.19	0.63	0.58	0.73	-0.23	NNN
KIM	0.45	0.14	0.57		0.66	-0.1	0.7	0.67	0.39	0.51	KIM
O	0.63	-0.05	0.8	0.66		-0.35	0.56	0.44	0.83	0.0	O
SKT	0.33	-0.22	-0.19	-0.1	-0.35		-0.17	-0.35	-0.15	0.26	SKT
REG	0.37	0.35	0.63	0.7	0.56	-0.17		0.54	0.4	0.15	REG
NTST	-0.09	0.43	0.58	0.67	0.44	-0.35	0.54		0.17	0.09	NTST
GTY	0.71	-0.11	0.73	0.39	0.83	-0.15	0.4	0.17		-0.17	GTY
SITC	0.24	-0.03	-0.23	0.51	0.0	0.26	0.15	0.09	-0.17		SITC
	FRT	ADC	NNN	KIM	O	SKT	REG	NTST	GTY	SITC

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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

GTY	+ 0.83	O
O	+ 0.8	NNN
GTY	+ 0.73	NNN
GTY	+ 0.71	FRT
REG	+ 0.7	KIM
NTST	+ 0.67	KIM

High negative correlations

NTST	- 0.35	SKT
SKT	- 0.35	O
ADC	- 0.33	FRT
SITC	- 0.23	NNN
SKT	- 0.22	ADC
SKT	- 0.19	NNN

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FRT	0.78	(0.01)	(0.05)	0.01	0.99	(0.84)	1.58	(1.64)	4.08
ADC	0.61	(0.05)	0.00	5.77	0.00	0.00	1.24	(1.63)	3.97
NNN	0.82	(0.01)	(0.04)	0.02	1.03	(0.81)	1.58	(1.44)	4.52
KIM	0.87	(0.12)	0.00	(0.24)	0.00	0.00	1.69	(1.94)	4.64
O	0.81	0.02	(0.01)	0.15	1.16	(0.75)	1.38	(1.72)	4.21
SKT	0.92	(0.03)	(0.05)	(0.02)	1.08	(1.02)	1.96	(1.82)	5.57
REG	0.76	(0.03)	0.00	(0.90)	0.00	0.00	1.67	(1.60)	3.79
NTST	0.94	(0.02)	0.00	0.22	0.00	0.00	1.92	(1.73)	5.30
GTY	0.89	0.09	0.04	2.48	0.91	(1.02)	1.93	(1.48)	4.47
SITC	1.12	(0.18)	0.00	(0.25)	0.00	0.00	2.30	(2.62)	6.71

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