Whitestone REIT Correlations

WSR Stock

USD 15.21 0.21 1.40%

The current 90-days correlation between Whitestone REIT and Saul Centers is 0.6 (i.e., Poor diversification). The correlation of Whitestone REIT 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Whitestone REIT Correlation With Market

Very poor diversification

The correlation between Whitestone REIT and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Whitestone REIT and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Whitestone Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Whitestone REIT. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

To learn how to invest in Whitestone Stock, please use our How to Invest in Whitestone REIT guide.

Moving together with Whitestone Stock

0.9	O	Realty Income	Pair Corr
0.82	UE	Urban Edge Properties	Pair Corr
0.69	CRT-UN	CT Real Estate Earnings Call This Week	Pair Corr
0.85	SUPR	Supermarket Income REIT	Pair Corr
0.64	FCR-UN	First Capital Real	Pair Corr
0.71	PLZ-UN	Plaza Retail REIT	Pair Corr
0.81	FCD-UN	Firm Capital Property	Pair Corr
0.78	ALX	Alexanders	Pair Corr
0.95	BFS	Saul Centers	Pair Corr
0.84	BRX	Brixmor Property	Pair Corr
0.93	FRT	Federal Realty Investment	Pair Corr
0.87	GTY	Getty Realty	Pair Corr
0.92	IVT	Inventrust Properties Earnings Call This Week	Pair Corr
0.91	KIM	Kimco Realty	Pair Corr
0.9	KRG	Kite Realty Group Earnings Call This Week	Pair Corr
0.73	MAC	Macerich	Pair Corr
0.76	NNN	National Retail Prop	Pair Corr
0.85	REG	Regency Centers	Pair Corr
0.89	SPG	Simon Property Group	Pair Corr
0.69	9R4	PHILLIPS EDISON DL	Pair Corr
0.68	RRC	Regency Centers	Pair Corr
0.69	AXE	Alexanders	Pair Corr
0.88	SGR-U	Slate Grocery REIT	Pair Corr
0.93	PMZ-UN	Primaris Retail RE	Pair Corr

Moving against Whitestone Stock

0.87	WHLR	Wheeler Real Estate	Pair Corr
0.42	CQR	Charter Hall Retail	Pair Corr
0.41	LI	Klepierre SA Earnings Call This Week	Pair Corr
0.35	DXC	Dexus Convenience Retail	Pair Corr
0.65	1D3	SERITAGE GWTH PRA	Pair Corr
0.92	DXI	Dexus Industria REIT	Pair Corr
0.32	RGN	Region Group	Pair Corr

Related Correlations Analysis

	BFS	RC	ADAM	SITC	GOOD	TRTX	BDN	KREF
BFS		-0.85	0.66	0.52	0.73	0.47	-0.16	-0.63	BFS
RC	-0.85		-0.53	-0.46	-0.51	-0.34	0.44	0.55	RC
ADAM	0.66	-0.53		0.18	0.85	0.81	-0.28	-0.22	ADAM
SITC	0.52	-0.46	0.18		0.05	0.15	-0.26	-0.22	SITC
GOOD	0.73	-0.51	0.85	0.05		0.7	0.02	-0.46	GOOD
TRTX	0.47	-0.34	0.81	0.15	0.7		-0.39	0.1	TRTX
BDN	-0.16	0.44	-0.28	-0.26	0.02	-0.39		-0.37	BDN
KREF	-0.63	0.55	-0.22	-0.22	-0.46	0.1	-0.37		KREF
	BFS	RC	ADAM	SITC	GOOD	TRTX	BDN	KREF

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

GOOD	+ 0.85	ADAM
TRTX	+ 0.81	ADAM
GOOD	+ 0.73	BFS
TRTX	+ 0.7	GOOD
ADAM	+ 0.66	BFS
KREF	+ 0.55	RC

High negative correlations

RC	- 0.85	BFS
KREF	- 0.63	BFS
ADAM	- 0.53	RC
GOOD	- 0.51	RC
KREF	- 0.46	GOOD
SITC	- 0.46	RC

Risk-Adjusted Indicators

There is a big difference between Whitestone Stock performing well and Whitestone REIT 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 Whitestone REIT'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	0.96	0.24	0.17	6.55	0.82	(1.12)	1.87	(1.69)	5.11
RC	2.63	(0.73)	0.00	(0.50)	0.00	0.00	5.19	(5.78)	17.92
ADAM	1.35	0.24	0.12	0.38	1.63	(1.52)	3.31	(2.24)	9.71
SITC	1.04	0.02	(0.01)	0.09	1.24	(1.13)	2.30	(2.20)	6.71
GOOD	0.87	0.11	0.06	0.40	0.96	(0.91)	2.31	(1.86)	5.50
TRTX	0.88	(0.03)	(0.03)	0.03	1.22	(0.81)	1.47	(1.78)	6.77
BDN	1.78	(0.08)	0.00	(0.08)	0.00	0.00	3.90	(3.72)	15.16
KREF	1.39	(0.21)	0.00	(0.15)	0.00	0.00	2.66	(3.02)	11.70

Whitestone REIT Corporate Management

Soklin Siv	Vice Resources	Profile
David Taylor	Lead Independent Trustee	Profile
Paul Lambert	Independent Trustee	Profile
David Mordy	Director Relations	Profile
Matthew Okmin	Regional Arizona	Profile
John Hogan	Chief Officer	Profile

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