American Assets Correlations

AAT Stock

USD 26.24 0.07 0.27%

The current 90-days correlation between American Assets Trust and Barloworld Ltd ADR is -0.22 (i.e., Very good 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

Very weak diversification

The correlation between American Assets Trust and DJI is 0.57 (i.e., Very 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

0.74	HR	Healthcare Realty Trust	Pair Corr
0.95	UE	Urban Edge Properties	Pair Corr
0.76	EQIX	Equinix	Pair Corr
0.86	WELL	Welltower	Pair Corr
0.94	AKR	Acadia Realty Trust	Pair Corr
0.95	BRX	Brixmor Property Sell-off Trend	Pair Corr
0.88	BXP	Boston Properties	Pair Corr
0.92	DOC	Healthpeak Properties Symbol Change	Pair Corr
0.88	GTY	Getty Realty	Pair Corr
0.87	INN	Summit Hotel Properties	Pair Corr
0.84	IRT	Independence Realty Trust Sell-off Trend	Pair Corr
0.93	IVT	Inventrust Properties	Pair Corr
0.96	KRG	Kite Realty Group	Pair Corr
0.89	NHI	National Health Investors	Pair Corr
0.9	SLG	SL Green Realty Earnings Call This Week	Pair Corr
0.87	SPG	Simon Property Group Sell-off Trend	Pair Corr
0.84	VTR	Ventas Inc	Pair Corr
0.93	GLPI	Gaming Leisure Properties	Pair Corr
0.76	HASI	Hannon Armstrong Sus	Pair Corr
0.86	JBGS	JBG SMITH Properties	Pair Corr
0.91	PECO	Phillips Edison	Pair Corr
0.87	ROIC	Retail Opportunity	Pair Corr
0.82	SBRA	Sabra Healthcare REIT	Pair Corr
0.87	CTRE	CareTrust REIT	Pair Corr

Moving against American Stock

0.77	UK	Ucommune International	Pair Corr
0.76	VINO	Gaucho Group Holdings	Pair Corr
0.68	CHCT	Community Healthcare	Pair Corr
0.57	RC	Ready Capital Corp	Pair Corr

Related Correlations Analysis

	GIPR	AUUDW	444859BR2	AQUI	BRRAY	LBHIX	ABHYX	MSTSX	VIASP	RRTLX
GIPR		0.14	-0.32	0.0	-0.21	-0.72	-0.8	-0.35	-0.69	-0.4	GIPR
AUUDW	0.14		-0.25	0.0	-0.45	-0.13	-0.07	-0.09	-0.23	-0.15	AUUDW
444859BR2	-0.32	-0.25		0.0	0.58	0.06	-0.02	-0.28	0.37	-0.14	444859BR2
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.21	-0.45	0.58	0.0		-0.15	-0.12	-0.41	0.11	-0.33	BRRAY
LBHIX	-0.72	-0.13	0.06	0.0	-0.15		0.89	0.85	0.84	0.89	LBHIX
ABHYX	-0.8	-0.07	-0.02	0.0	-0.12	0.89		0.66	0.71	0.7	ABHYX
MSTSX	-0.35	-0.09	-0.28	0.0	-0.41	0.85	0.66		0.63	0.97	MSTSX
VIASP	-0.69	-0.23	0.37	0.0	0.11	0.84	0.71	0.63		0.71	VIASP
RRTLX	-0.4	-0.15	-0.14	0.0	-0.33	0.89	0.7	0.97	0.71		RRTLX
	GIPR	AUUDW	444859BR2	AQUI	BRRAY	LBHIX	ABHYX	MSTSX	VIASP	RRTLX

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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

RRTLX	+ 0.97	MSTSX
ABHYX	+ 0.89	LBHIX
RRTLX	+ 0.89	LBHIX
MSTSX	+ 0.85	LBHIX
VIASP	+ 0.84	LBHIX
VIASP	+ 0.71	ABHYX

High negative correlations

ABHYX	- 0.8	GIPR
LBHIX	- 0.72	GIPR
VIASP	- 0.69	GIPR
BRRAY	- 0.45	AUUDW
MSTSX	- 0.41	BRRAY
RRTLX	- 0.4	GIPR

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
GIPR	2.98	(1.12)	0.00	(0.54)	0.00	0.00	4.39	(5.36)	19.37
AUUDW	18.04	3.39	0.15	0.98	15.89	(33.10)	54.72	(36.86)	184.71
444859BR2	0.79	0.02	0.00	0.04	0.00	0.00	1.50	(1.78)	10.44
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	0.66	0.03	0.00	0.04	0.00	0.00	0.00	0.00	28.38
LBHIX	0.15	0.04	(0.14)	0.38	0.00	(0.31)	0.47	(0.24)	1.45
ABHYX	0.13	0.04	(0.21)	(0.32)	0.00	(0.21)	0.34	(0.22)	1.34
MSTSX	0.60	0.10	0.00	(4.25)	0.66	(0.71)	1.40	(1.22)	4.07
VIASP	1.38	0.18	0.05	1.27	1.76	(1.57)	2.65	(3.00)	13.33
RRTLX	0.30	0.04	(0.14)	(2.11)	0.32	(0.35)	0.73	(0.64)	1.97

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