Simon Property Correlations

SPG Stock

USD 200.99 1.61 0.81%

The current 90-days correlation between Simon Property Group and Dynex Capital is -0.08 (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

Poor diversification

The correlation between Simon Property Group and DJI is 0.67 (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 employment.

Moving together with Simon Stock

0.89	UE	Urban Edge Properties	Pair Corr
0.71	CRT-UN	CT Real Estate	Pair Corr
0.83	FCR-UN	First Capital Real	Pair Corr
0.68	FCD-UN	Firm Capital Property Earnings Call Next Week	Pair Corr
0.75	ADC	Agree Realty	Pair Corr
0.77	SHC	Shaftesbury Capital PLC	Pair Corr
0.94	BFS	Saul Centers Earnings Call Tomorrow	Pair Corr
0.85	GTY	Getty Realty	Pair Corr
0.75	MAC	Macerich	Pair Corr
0.79	NNN	National Retail Prop	Pair Corr
0.92	REG	Regency Centers	Pair Corr
0.86	9R4	PHILLIPS EDISON DL	Pair Corr
0.9	WSR	Whitestone REIT	Pair Corr
0.82	RRC	Regency Centers	Pair Corr
0.85	FGC1	KITE REALTY GRP	Pair Corr
0.75	MERY	Mercialys SA	Pair Corr

Moving against Simon Stock

0.61	WHLR	Wheeler Real Estate Buyout Trend	Pair Corr
0.45	DXC	Dexus Convenience Retail	Pair Corr
0.81	1D3	SERITAGE GWTH PRA	Pair Corr
0.86	DXI	Dexus Industria REIT	Pair Corr
0.74	SCG	Scentre Group	Pair Corr
0.57	RGN	Region Group	Pair Corr

Related Correlations Analysis

	ADC	EPR	ARR	GNL	IVT	FBRT	ESRT	GTY	DX
ADC		0.79	0.26	0.55	0.68	-0.64	-0.43	0.79	0.27	ADC
EPR	0.79		0.49	0.75	0.61	-0.39	-0.4	0.94	0.51	EPR
ARR	0.26	0.49		0.72	0.34	-0.32	-0.65	0.44	0.86	ARR
GNL	0.55	0.75	0.72		0.82	-0.41	-0.57	0.73	0.77	GNL
IVT	0.68	0.61	0.34	0.82		-0.58	-0.5	0.63	0.38	IVT
FBRT	-0.64	-0.39	-0.32	-0.41	-0.58		0.69	-0.45	-0.16	FBRT
ESRT	-0.43	-0.4	-0.65	-0.57	-0.5	0.69		-0.4	-0.41	ESRT
GTY	0.79	0.94	0.44	0.73	0.63	-0.45	-0.4		0.45	GTY
DX	0.27	0.51	0.86	0.77	0.38	-0.16	-0.41	0.45		DX
	ADC	EPR	ARR	GNL	IVT	FBRT	ESRT	GTY	DX

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	+ 0.94	EPR
DX	+ 0.86	ARR
IVT	+ 0.82	GNL
EPR	+ 0.79	ADC
GTY	+ 0.79	ADC
DX	+ 0.77	GNL

High negative correlations

ESRT	- 0.65	ARR
FBRT	- 0.64	ADC
FBRT	- 0.58	IVT
ESRT	- 0.57	GNL
ESRT	- 0.5	IVT
GTY	- 0.45	FBRT

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
ADC	0.82	0.17	0.03	(0.43)	0.99	(0.88)	1.63	(1.86)	6.16
EPR	0.91	0.24	0.11	(1.38)	0.83	(0.98)	2.02	(1.59)	6.42
ARR	1.01	0.10	0.01	0.66	1.57	(1.02)	2.16	(1.92)	8.30
GNL	0.93	0.31	0.22	(48.28)	0.59	(1.22)	2.38	(1.36)	5.64
IVT	0.77	0.16	0.08	6.21	0.61	(0.88)	1.62	(1.14)	4.05
FBRT	1.27	(0.27)	0.00	(0.15)	0.00	0.00	2.09	(2.01)	16.28
ESRT	1.59	(0.29)	0.00	(0.32)	0.00	0.00	2.81	(2.96)	10.07
GTY	1.06	0.29	0.09	(0.57)	1.44	(1.23)	2.15	(1.48)	13.43
DX	0.67	0.04	(0.04)	0.56	1.05	(0.73)	1.38	(1.08)	7.46

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