Urban Edge Correlations

UE Stock

USD 20.34 0.41 2.06%

The current 90-days correlation between Urban Edge Properties and Saul Centers is 0.77 (i.e., Poor diversification). The correlation of Urban Edge 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.

Urban Edge Correlation With Market

Weak diversification

The correlation between Urban Edge 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 Urban Edge 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 Urban Edge 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 income.

Moving together with Urban Stock

0.63	WHLR	Wheeler Real Estate	Pair Corr
0.93	AKR	Acadia Realty Trust Earnings Call This Week	Pair Corr
0.93	ALX	Alexanders Earnings Call This Week	Pair Corr
0.66	AMT	American Tower Corp	Pair Corr
0.69	ARE	Alexandria Real Estate	Pair Corr
0.77	AVB	AvalonBay Communities	Pair Corr
0.95	BFS	Saul Centers	Pair Corr
0.8	BNL	Broadstone Net Lease	Pair Corr
0.89	BRX	Brixmor Property Earnings Call This Week	Pair Corr
0.82	BXP	Boston Properties	Pair Corr
0.86	CCI	Crown Castle	Pair Corr
0.83	CPT	Camden Property Trust	Pair Corr
0.7	DEI	Douglas Emmett	Pair Corr
0.73	EQR	Equity Residential	Pair Corr
0.74	ESS	Essex Property Trust	Pair Corr
0.7	GTY	Getty Realty Earnings Call This Week	Pair Corr
0.76	HIW	Highwoods Properties	Pair Corr
0.66	HPP	Hudson Pacific Properties Earnings Call This Week	Pair Corr
0.68	IRM	Iron Mountain	Pair Corr
0.76	IVT	Inventrust Properties Earnings Call This Week	Pair Corr
0.98	KRG	Kite Realty Group Earnings Call This Week	Pair Corr
0.72	MAA	Mid America Apartment	Pair Corr
0.86	NHI	National Health Investors	Pair Corr
0.81	RHP	Ryman Hospitality	Pair Corr
0.93	SLG	SL Green Realty	Pair Corr
0.84	UDR	UDR Inc	Pair Corr
0.68	GLPI	Gaming Leisure Properties	Pair Corr
0.91	INVH	Invitation Homes Earnings Call This Week	Pair Corr

Moving against Urban Stock

0.57	AIV	Apartment Investment and	Pair Corr
0.39	INN	Summit Hotel Properties	Pair Corr
0.56	DX	Dynex Capital	Pair Corr
0.47	CRESY	Cresud SACIF y Earnings Call Today	Pair Corr

Related Correlations Analysis

	BFS	RPT	SITC	KRG	ROIC	IVT	NTST	AKR	UBP
BFS		0.57	0.57	0.94	-0.18	0.77	0.84	0.93	-0.62	BFS
RPT	0.57		0.64	0.63	-0.52	0.36	0.62	0.6	-0.6	RPT
SITC	0.57	0.64		0.61	-0.71	0.2	0.71	0.49	-0.81	SITC
KRG	0.94	0.63	0.61		-0.18	0.77	0.89	0.94	-0.71	KRG
ROIC	-0.18	-0.52	-0.71	-0.18		0.25	-0.31	-0.14	0.6	ROIC
IVT	0.77	0.36	0.2	0.77	0.25		0.68	0.84	-0.24	IVT
NTST	0.84	0.62	0.71	0.89	-0.31	0.68		0.81	-0.68	NTST
AKR	0.93	0.6	0.49	0.94	-0.14	0.84	0.81		-0.52	AKR
UBP	-0.62	-0.6	-0.81	-0.71	0.6	-0.24	-0.68	-0.52		UBP
	BFS	RPT	SITC	KRG	ROIC	IVT	NTST	AKR	UBP

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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

KRG	+ 0.94	BFS
AKR	+ 0.94	KRG
AKR	+ 0.93	BFS
NTST	+ 0.89	KRG
NTST	+ 0.84	BFS
AKR	+ 0.84	IVT

High negative correlations

UBP	- 0.81	SITC
UBP	- 0.71	KRG
ROIC	- 0.71	SITC
UBP	- 0.68	NTST
UBP	- 0.62	BFS
UBP	- 0.6	RPT

Risk-Adjusted Indicators

There is a big difference between Urban Stock performing well and Urban Edge 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 Urban Edge'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
BFS	0.91	(0.12)	0.00	(0.22)	0.00	0.00	1.66	(1.92)	6.75
RPT	1.63	(0.08)	0.00	(0.08)	0.00	0.00	3.23	(2.69)	10.65
SITC	1.12	(0.19)	0.00	(1.62)	0.00	0.00	2.91	(2.17)	6.86
KRG	1.04	(0.16)	0.00	(0.25)	0.00	0.00	1.93	(2.29)	6.64
ROIC	0.39	0.17	0.30	3.16	0.00	(0.52)	0.35	(0.23)	9.02
IVT	0.89	0.02	(0.02)	0.14	1.26	(0.86)	1.62	(2.01)	5.92
NTST	1.17	(0.14)	0.00	(0.15)	0.00	0.00	2.88	(2.13)	9.66
AKR	1.10	(0.09)	0.00	(0.09)	0.00	0.00	1.96	(2.50)	6.76
UBP	1.62	0.58	0.41	1.12	0.80	(2.14)	3.18	(2.04)	30.37

Urban Edge Corporate Management

Lisa Tronzano	Senior Resources	Profile
Susan Givens	Independent Trustee	Profile
Steven Grapstein	Independent Trustee	Profile
Kevin OShea	Independent Trustee	Profile
Amy Lane	Lead Independent Trustee	Profile
Leigh Lyons	Senior Leasing	Profile

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