Agree Realty Correlations

ADC Stock

USD 76.43 0.76 1.00%

The current 90-days correlation between Agree Realty and Federal Realty Investment is 0.04 (i.e., Significant diversification). The correlation of Agree Realty 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.

Agree Realty Correlation With Market

Good diversification

The correlation between Agree Realty and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Agree Realty and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Agree Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Agree Realty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

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

Moving together with Agree Stock

0.71	O	Realty Income Earnings Call Shortly	Pair Corr
0.77	VICI	VICI Properties Earnings Call Shortly	Pair Corr
0.72	AHR	American Healthcare REIT,	Pair Corr
0.69	AMH	American Homes 4 Earnings Call Shortly	Pair Corr
0.84	AMT	American Tower Corp Buyout Trend	Pair Corr
0.61	BNL	Broadstone Net Lease	Pair Corr
0.78	CCI	Crown Castle	Pair Corr

Moving against Agree Stock

0.72	WHLR	Wheeler Real Estate Earnings Call Shortly	Pair Corr
0.68	ESBA	Empire State Realty Earnings Call Shortly	Pair Corr
0.66	Z	Zillow Group Class Earnings Call Shortly	Pair Corr
0.66	EQIX	Equinix Earnings Call Shortly	Pair Corr
0.66	ESRT	Empire State Realty Potential Growth	Pair Corr
0.66	FISK	Empire State Realty Earnings Call Shortly	Pair Corr
0.63	PK	Park Hotels Resorts	Pair Corr
0.57	AAT	American Assets Trust Potential Growth	Pair Corr
0.53	UE	Urban Edge Properties Earnings Call Shortly	Pair Corr
0.39	WY	Weyerhaeuser	Pair Corr
0.32	FR	First Industrial Realty	Pair Corr
0.67	AHH	Armada Hflr Pr Earnings Call Shortly	Pair Corr
0.6	BDN	Brandywine Realty Trust	Pair Corr
0.57	AHT	Ashford Hospitality Trust	Pair Corr
0.54	AKR	Acadia Realty Trust	Pair Corr
0.46	BXP	Boston Properties	Pair Corr
0.43	AIV	Apartment Investment and Earnings Call Shortly	Pair Corr
0.39	BFS	Saul Centers Earnings Call Shortly	Pair Corr
0.38	CDP	COPT Defense Properties	Pair Corr
0.36	AVB	AvalonBay Communities	Pair Corr
0.35	BRX	Brixmor Property	Pair Corr
0.33	ARE	Alexandria Real Estate Downward Rally	Pair Corr

Related Correlations Analysis

	FRT	REG	NTST	KIM	BFS	UE	RPT	SITC	KRG	NNN
FRT		0.59	-0.72	0.94	0.8	0.96	0.71	0.96	0.81	-0.17	FRT
REG	0.59		-0.18	0.58	0.67	0.72	0.76	0.45	0.51	0.59	REG
NTST	-0.72	-0.18		-0.58	-0.6	-0.69	-0.57	-0.8	-0.52	0.37	NTST
KIM	0.94	0.58	-0.58		0.82	0.92	0.62	0.92	0.82	-0.09	KIM
BFS	0.8	0.67	-0.6	0.82		0.85	0.79	0.81	0.73	0.22	BFS
UE	0.96	0.72	-0.69	0.92	0.85		0.8	0.92	0.81	0.05	UE
RPT	0.71	0.76	-0.57	0.62	0.79	0.8		0.67	0.55	0.35	RPT
SITC	0.96	0.45	-0.8	0.92	0.81	0.92	0.67		0.78	-0.23	SITC
KRG	0.81	0.51	-0.52	0.82	0.73	0.81	0.55	0.78		-0.07	KRG
NNN	-0.17	0.59	0.37	-0.09	0.22	0.05	0.35	-0.23	-0.07		NNN
	FRT	REG	NTST	KIM	BFS	UE	RPT	SITC	KRG	NNN

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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

UE	+ 0.96	FRT
SITC	+ 0.96	FRT
KIM	+ 0.94	FRT
UE	+ 0.92	KIM
SITC	+ 0.92	KIM
SITC	+ 0.92	UE

High negative correlations

SITC	- 0.8	NTST
NTST	- 0.72	FRT
UE	- 0.69	NTST
BFS	- 0.6	NTST
KIM	- 0.58	NTST
RPT	- 0.57	NTST

Risk-Adjusted Indicators

There is a big difference between Agree Stock performing well and Agree Realty 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 Agree Realty'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
FRT	1.40	(0.03)	0.00	(0.17)	0.00	0.00	2.24	(3.48)	9.79
REG	1.15	0.12	0.09	0.03	1.59	(1.25)	1.84	(3.42)	8.16
NTST	1.27	0.23	0.20	0.48	1.37	(1.39)	3.03	(2.56)	7.26
KIM	1.34	(0.05)	0.00	(0.19)	0.00	0.00	2.25	(3.06)	10.24
BFS	1.11	(0.07)	0.00	(0.26)	0.00	0.00	1.69	(2.56)	7.66
UE	1.54	(0.01)	0.00	(0.15)	0.00	0.00	2.24	(3.55)	11.26
RPT	2.09	0.35	0.11	0.13	2.54	(2.64)	6.27	(4.35)	21.67
SITC	1.41	(0.28)	0.00	(0.45)	0.00	0.00	2.15	(3.71)	9.61
KRG	1.47	(0.12)	0.00	0.34	0.00	0.00	2.39	(3.36)	8.98
NNN	1.12	0.15	0.15	0.19	1.44	(1.18)	2.79	(2.04)	10.83

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