Seritage Growth Correlations

SRG Stock

USD 3.63 0.06 1.63%

The current 90-days correlation between Seritage Growth Prop and Site Centers Corp is 0.06 (i.e., Significant diversification). The correlation of Seritage Growth 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.

Seritage Growth Correlation With Market

Weak diversification

The correlation between Seritage Growth Properties and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Seritage Growth Properties 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 Seritage Growth Properties. 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 Seritage Stock

0.71	HR	Healthcare Realty Trust Earnings Call This Week	Pair Corr
0.86	KW	Kennedy Wilson Holdings	Pair Corr
0.78	PK	Park Hotels Resorts	Pair Corr
0.75	UE	Urban Edge Properties Earnings Call This Week	Pair Corr
0.81	ADC-PA	Agree Realty Earnings Call This Week	Pair Corr
0.7	ELME	Elme Communities Earnings Call This Week	Pair Corr
0.83	ESBA	Empire State Realty	Pair Corr
0.84	ESRT	Empire State Realty	Pair Corr

Moving against Seritage Stock

0.63	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.62	DX	Dynex Capital	Pair Corr
0.56	MITT-PC	AG Mortgage Investment	Pair Corr
0.36	VTMX	Corporacin Inmobiliaria	Pair Corr
0.63	CDR-PC	Cedar Realty Trust	Pair Corr
0.59	AIV	Apartment Investment and	Pair Corr
0.31	ACR	Acres Commercial Realty	Pair Corr

Related Correlations Analysis

	SITC	BFS	AKR	KRG	ROIC	PMREF	SRRTF	UBP	RPT	REG
SITC		0.71	0.66	0.8	-0.48	0.68	0.48	0.0	0.3	0.35	SITC
BFS	0.71		0.94	0.94	-0.23	0.79	0.8	0.0	0.38	0.7	BFS
AKR	0.66	0.94		0.94	-0.23	0.77	0.89	0.0	0.42	0.78	AKR
KRG	0.8	0.94	0.94		-0.29	0.82	0.79	0.0	0.39	0.66	KRG
ROIC	-0.48	-0.23	-0.23	-0.29		-0.48	-0.07	0.0	-0.23	0.15	ROIC
PMREF	0.68	0.79	0.77	0.82	-0.48		0.62	0.0	0.11	0.37	PMREF
SRRTF	0.48	0.8	0.89	0.79	-0.07	0.62		0.0	0.39	0.7	SRRTF
UBP	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	UBP
RPT	0.3	0.38	0.42	0.39	-0.23	0.11	0.39	0.0		0.35	RPT
REG	0.35	0.7	0.78	0.66	0.15	0.37	0.7	0.0	0.35		REG
	SITC	BFS	AKR	KRG	ROIC	PMREF	SRRTF	UBP	RPT	REG

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

AKR	+ 0.94	BFS
KRG	+ 0.94	BFS
KRG	+ 0.94	AKR
SRRTF	+ 0.89	AKR
PMREF	+ 0.82	KRG
KRG	+ 0.8	SITC

High negative correlations

PMREF	- 0.48	ROIC
ROIC	- 0.48	SITC
ROIC	- 0.29	KRG
RPT	- 0.23	ROIC
ROIC	- 0.23	AKR
ROIC	- 0.23	BFS

Risk-Adjusted Indicators

There is a big difference between Seritage Stock performing well and Seritage Growth 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 Seritage Growth'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
SITC	1.04	(0.09)	0.00	(0.82)	0.00	0.00	2.91	(1.96)	6.86
BFS	0.89	(0.10)	0.00	(0.13)	0.00	0.00	1.66	(1.92)	6.75
AKR	1.09	(0.12)	0.00	(0.10)	0.00	0.00	1.96	(2.50)	6.76
KRG	1.03	(0.17)	0.00	(0.20)	0.00	0.00	1.93	(2.29)	6.64
ROIC	0.39	0.19	0.34	3.29	0.00	(0.50)	0.35	(0.17)	9.02
PMREF	0.55	(0.21)	0.00	(1.04)	0.00	0.00	0.27	(2.09)	8.34
SRRTF	1.06	(0.01)	(0.05)	0.06	1.28	(1.23)	2.31	(2.04)	7.55
UBP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RPT	1.75	0.02	(0.02)	0.13	1.79	(2.12)	4.10	(2.98)	11.96
REG	0.81	0.01	(0.04)	0.10	1.01	(0.94)	1.76	(1.88)	4.58

Seritage Growth Corporate Management

Thomas Steinberg	Independent Trustee	Profile
Edouard Cuilhe	Chief Accounting Officer	Profile
Nino Cammalleri	Senior Counsel	Profile
John McClain	Independent Trustee	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC