STAG Industrial Correlations

STAG Stock

USD 37.16 0.68 1.86%

The current 90-days correlation between STAG Industrial and Rexford Industrial Realty is 0.6 (i.e., Poor diversification). The correlation of STAG Industrial 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.

STAG Industrial Correlation With Market

Very weak diversification

The correlation between STAG Industrial and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding STAG Industrial 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 STAG Industrial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more detail on how to invest in STAG Stock please use our How to Invest in STAG Industrial guide.

Moving together with STAG Stock

0.87	HPP	Hudson Pacific Properties Buyout Trend	Pair Corr
0.61	NNN	National Retail Prop	Pair Corr
0.91	FR	First Industrial Realty	Pair Corr
0.83	RC	Ready Capital Corp Sell-off Trend	Pair Corr
0.81	UK	Ucommune International	Pair Corr
0.72	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.71	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.67	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.83	AHT-PG	Ashford Hospitality Trust	Pair Corr

Moving against STAG Stock

0.87	SKT	Tanger Factory Outlet	Pair Corr
0.82	SITC	Site Centers Corp	Pair Corr
0.79	SPG	Simon Property Group	Pair Corr
0.75	UE	Urban Edge Properties	Pair Corr
0.75	AHR	American Healthcare REIT,	Pair Corr
0.66	ROIC	Retail Opportunity Sell-off Trend	Pair Corr
0.61	KIM	Kimco Realty	Pair Corr
0.6	BRX	Brixmor Property	Pair Corr
0.58	IVT	Inventrust Properties	Pair Corr
0.43	KRG	Kite Realty Group	Pair Corr
0.4	ADC	Agree Realty	Pair Corr
0.33	GTY	Getty Realty	Pair Corr
0.83	MITT-PC	AG Mortgage Investment	Pair Corr
0.78	EQIX	Equinix	Pair Corr
0.75	CDR-PC	Cedar Realty Trust	Pair Corr
0.74	CDR-PB	Cedar Realty Trust	Pair Corr
0.72	WELL	Welltower	Pair Corr
0.68	MITT-PB	AG Mortgage Investment	Pair Corr
0.56	MITT-PA	AG Mortgage Investment	Pair Corr
0.51	VNO-PN	Vornado Realty Trust	Pair Corr
0.5	VNO-PM	Vornado Realty Trust	Pair Corr
0.48	VNO-PO	Vornado Realty Trust	Pair Corr

Related Correlations Analysis

	PSA	EXR	REXR	IIPR	PLD	CUBE	LSI	NSA	COLD
PSA		0.87	0.7	0.5	0.71	0.92	0.0	0.92	0.57	PSA
EXR	0.87		0.92	0.48	0.87	0.95	0.13	0.95	0.77	EXR
REXR	0.7	0.92		0.5	0.94	0.89	0.1	0.84	0.91	REXR
IIPR	0.5	0.48	0.5		0.42	0.43	-0.55	0.38	0.68	IIPR
PLD	0.71	0.87	0.94	0.42		0.88	0.14	0.83	0.87	PLD
CUBE	0.92	0.95	0.89	0.43	0.88		0.15	0.97	0.75	CUBE
LSI	0.0	0.13	0.1	-0.55	0.14	0.15		0.22	-0.14	LSI
NSA	0.92	0.95	0.84	0.38	0.83	0.97	0.22		0.68	NSA
COLD	0.57	0.77	0.91	0.68	0.87	0.75	-0.14	0.68		COLD
	PSA	EXR	REXR	IIPR	PLD	CUBE	LSI	NSA	COLD

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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

NSA	+ 0.97	CUBE
CUBE	+ 0.95	EXR
NSA	+ 0.95	EXR
PLD	+ 0.94	REXR
CUBE	+ 0.92	PSA
NSA	+ 0.92	PSA

High negative correlations

LSI	- 0.55	IIPR
COLD	- 0.14	LSI
LSI	- 0.0	PSA

Risk-Adjusted Indicators

There is a big difference between STAG Stock performing well and STAG Industrial 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 STAG Industrial'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
PSA	1.07	0.05	(0.06)	(0.30)	1.50	(0.99)	2.31	(2.02)	7.24
EXR	1.05	(0.03)	0.00	0.42	0.00	0.00	1.92	(2.61)	7.52
REXR	1.28	(0.32)	0.00	(0.83)	0.00	0.00	2.08	(2.76)	12.54
IIPR	1.42	(0.15)	0.00	12.13	0.00	0.00	2.47	(3.36)	13.47
PLD	1.09	(0.19)	0.00	(0.19)	0.00	0.00	2.29	(2.37)	8.46
CUBE	0.95	(0.01)	0.00	0.16	0.00	0.00	2.23	(1.69)	7.82
LSI	1.06	0.00	0.00	0.11	0.00	0.00	2.09	(2.17)	8.35
NSA	1.10	0.00	(0.08)	0.11	1.48	(1.15)	2.03	(2.76)	6.48
COLD	1.04	(0.33)	0.00	(3.60)	0.00	0.00	1.65	(2.24)	10.83

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