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.
Simon |
Moving together with Simon Stock
0.71 | PK | Park Hotels Resorts | PairCorr |
0.74 | EPRT | Essential Properties | PairCorr |
0.62 | EQIX | Equinix | PairCorr |
0.74 | FCPT | Four Corners Property | PairCorr |
0.61 | AVB | AvalonBay Communities | PairCorr |
0.62 | BDN | Brandywine Realty Trust Earnings Call This Week | PairCorr |
0.84 | BRT | BRT Realty Trust | PairCorr |
0.64 | DEI | Douglas Emmett Earnings Call This Week | PairCorr |
0.62 | DRH | Diamondrock Hospitality | PairCorr |
0.66 | ESS | Essex Property Trust Earnings Call This Week | PairCorr |
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
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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 | ||
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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 |