Veris Residential Correlations

VRE Stock

USD 18.43 0.04 0.22%

The current 90-days correlation between Veris Residential and Urban Edge Properties is 0.57 (i.e., Very weak diversification). The correlation of Veris Residential 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.

Veris Residential Correlation With Market

Very weak diversification

The correlation between Veris Residential and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Veris Residential 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 Veris Residential. 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.

For information on how to trade Veris Stock refer to our How to Trade Veris Stock guide.

Moving together with Veris Stock

0.78	ZG	Zillow Group	Pair Corr
0.69	OZ	Belpointe PREP LLC	Pair Corr

Moving against Veris Stock

0.38	PW	Power REIT	Pair Corr
0.36	SQFT	Presidio Property Trust	Pair Corr
0.34	BHM	Bluerock Homes Trust	Pair Corr
0.34	O	Realty Income	Pair Corr
0.6	VINO	Gaucho Group Holdings	Pair Corr
0.35	AEI	Alset Ehome International	Pair Corr

Related Correlations Analysis

	UE	AIRC	SITC	JBGS	NXRT
UE		0.52	0.6	-0.47	0.06	UE
AIRC	0.52		0.49	-0.05	-0.35	AIRC
SITC	0.6	0.49		-0.17	-0.5	SITC
JBGS	-0.47	-0.05	-0.17		-0.15	JBGS
NXRT	0.06	-0.35	-0.5	-0.15		NXRT
	UE	AIRC	SITC	JBGS	NXRT

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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

SITC	+ 0.6	UE
AIRC	+ 0.52	UE
SITC	+ 0.49	AIRC
NXRT	+ 0.06	UE

High negative correlations

NXRT	- 0.5	SITC
JBGS	- 0.47	UE
NXRT	- 0.35	AIRC
JBGS	- 0.17	SITC
NXRT	- 0.15	JBGS
JBGS	- 0.05	AIRC

Risk-Adjusted Indicators

There is a big difference between Veris Stock performing well and Veris Residential 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 Veris Residential'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
UE	0.84	0.14	0.08	0.39	0.73	(0.97)	1.78	(1.57)	4.48
AIRC	0.76	0.40	0.41	(0.86)	0.00	(0.82)	0.31	(0.39)	22.81
SITC	1.90	0.61	0.30	(2.58)	1.13	(2.55)	2.60	(2.81)	48.55
JBGS	1.16	(0.16)	0.00	(0.05)	0.00	0.00	2.58	(2.38)	9.14
NXRT	1.21	(0.01)	(0.02)	0.11	1.30	(1.39)	3.22	(2.22)	6.37

Veris Residential Corporate Management

Nicole Jones	Senior Communications	Profile
Howard Stern	Independent Director	Profile
Lori Milo	Senior Resources	Profile
Giovanni Debari	Chief Accounting Officer	Profile
Taryn Fielder	General Secretary	Profile

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