American Assets Correlations

AAT Stock

USD 20.40 0.33 1.64%

The current 90-days correlation between American Assets Trust and Essential Properties Realty is 0.5 (i.e., Very weak diversification). The correlation of American Assets 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.

American Assets Correlation With Market

Weak diversification

The correlation between American Assets Trust and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Assets Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Assets Trust. 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.

Moving together with American Stock

0.93	PK	Park Hotels Resorts	Pair Corr
0.63	PW	Power REIT	Pair Corr
0.61	EQIX	Equinix	Pair Corr
0.93	ESRT	Empire State Realty	Pair Corr
0.94	WHLR	Wheeler Real Estate	Pair Corr
0.9	FISK	Empire State Realty	Pair Corr
0.87	AHH	Armada Hflr Pr	Pair Corr
0.77	BDN	Brandywine Realty Trust	Pair Corr
0.89	CDP	COPT Defense Properties	Pair Corr

Moving against American Stock

0.87	ELME	Elme Communities	Pair Corr
0.86	WELL	Welltower	Pair Corr
0.83	VICI	VICI Properties	Pair Corr
0.79	ADC	Agree Realty	Pair Corr
0.67	FR	First Industrial Realty	Pair Corr
0.66	FCPT	Four Corners Property	Pair Corr
0.6	O	Realty Income Sell-off Trend	Pair Corr
0.54	AHR	American Healthcare REIT,	Pair Corr
0.51	HR	Healthcare Realty Trust	Pair Corr
0.34	EPRT	Essential Properties	Pair Corr
0.83	ALX	Alexanders	Pair Corr
0.77	CPT	Camden Property Trust	Pair Corr
0.72	AMT	American Tower Corp	Pair Corr
0.7	CCI	Crown Castle	Pair Corr
0.63	BNL	Broadstone Net Lease	Pair Corr
0.62	DHC	Diversified Healthcare	Pair Corr
0.53	CSR	Centerspace	Pair Corr
0.5	AMH	American Homes 4	Pair Corr
0.45	BRT	BRT Realty Trust	Pair Corr
0.32	BHR	Braemar Hotel Resorts	Pair Corr

Related Correlations Analysis

	EPRT	SRC	AHH	CTO	BRSP	AHH-PA	BNL	OLP	MDV	GOODN
EPRT		0.0	-0.45	-0.06	0.39	0.37	0.49	0.48	0.47	0.22	EPRT
SRC	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SRC
AHH	-0.45	0.0		0.26	-0.33	-0.31	-0.68	-0.42	-0.7	-0.59	AHH
CTO	-0.06	0.0	0.26		-0.35	-0.31	-0.48	-0.05	0.0	0.02	CTO
BRSP	0.39	0.0	-0.33	-0.35		0.41	0.49	0.45	0.25	0.19	BRSP
AHH-PA	0.37	0.0	-0.31	-0.31	0.41		0.45	0.65	0.41	0.27	AHH-PA
BNL	0.49	0.0	-0.68	-0.48	0.49	0.45		0.52	0.56	0.42	BNL
OLP	0.48	0.0	-0.42	-0.05	0.45	0.65	0.52		0.68	0.37	OLP
MDV	0.47	0.0	-0.7	0.0	0.25	0.41	0.56	0.68		0.45	MDV
GOODN	0.22	0.0	-0.59	0.02	0.19	0.27	0.42	0.37	0.45		GOODN
	EPRT	SRC	AHH	CTO	BRSP	AHH-PA	BNL	OLP	MDV	GOODN

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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

MDV	+ 0.68	OLP
OLP	+ 0.65	AHH-PA
MDV	+ 0.56	BNL
OLP	+ 0.52	BNL
BNL	+ 0.49	EPRT
BNL	+ 0.49	BRSP

High negative correlations

MDV	- 0.7	AHH
BNL	- 0.68	AHH
GOODN	- 0.59	AHH
BNL	- 0.48	CTO
AHH	- 0.45	EPRT
OLP	- 0.42	AHH

Risk-Adjusted Indicators

There is a big difference between American Stock performing well and American Assets 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 American Assets' 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
EPRT	1.03	0.14	0.11	0.12	1.28	(1.08)	2.31	(2.28)	5.49
SRC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AHH	1.28	(0.42)	0.00	(0.46)	0.00	0.00	2.13	(2.49)	14.97
CTO	0.99	0.07	0.05	0.05	1.63	(0.95)	1.95	(2.04)	7.86
BRSP	1.09	0.05	0.05	0.03	1.23	(1.24)	2.72	(1.91)	5.51
AHH-PA	0.69	(0.01)	0.00	(0.12)	0.00	0.00	1.55	(1.35)	4.11
BNL	1.07	0.17	0.15	0.24	1.11	(1.22)	2.16	(2.27)	5.51
OLP	1.05	0.04	0.03	0.01	1.49	(0.97)	1.95	(2.81)	6.25
MDV	1.54	0.20	0.11	0.18	1.68	(1.76)	3.09	(2.85)	11.04
GOODN	0.60	0.04	0.10	1.26	0.75	(0.65)	1.34	(0.88)	4.01

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