Agree Realty Correlations

ADC Stock

USD 73.74 0.51 0.69%

The current 90-days correlation between Agree Realty and National Retail Properties is 0.65 (i.e., Poor 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 -0.01 (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

0.75

INVH

Invitation Homes

Pair Corr

Moving against Agree Stock

0.69	DEI	Douglas Emmett	Pair Corr
0.62	KRC	Kilroy Realty Corp Earnings Call This Week	Pair Corr
0.58	PDM	Piedmont Office Realty Earnings Call This Week	Pair Corr
0.55	HPP	Hudson Pacific Properties	Pair Corr
0.52	SLG	SL Green Realty	Pair Corr
0.5	ARE	Alexandria Real Estate	Pair Corr
0.48	HIW	Highwoods Properties	Pair Corr
0.47	CIO	City Office Earnings Call This Week	Pair Corr
0.47	KRG	Kite Realty Group Earnings Call This Week	Pair Corr
0.36	BXP	Boston Properties Earnings Call This Week	Pair Corr
0.34	BDN	Brandywine Realty Trust	Pair Corr
0.71	DX	Dynex Capital	Pair Corr
0.65	KW	Kennedy Wilson Holdings	Pair Corr
0.63	PK	Park Hotels Resorts Earnings Call This Week	Pair Corr
0.61	OZ	Belpointe PREP LLC	Pair Corr
0.58	JBGS	JBG SMITH Properties Earnings Call This Week	Pair Corr
0.57	NLOP	Net Lease Office	Pair Corr
0.54	HR	Healthcare Realty Trust Earnings Call This Week	Pair Corr
0.51	UE	Urban Edge Properties Earnings Call This Week	Pair Corr
0.37	GNL-PD	Global Net Lease	Pair Corr
0.34	FR	First Industrial Realty	Pair Corr
0.74	MITT-PC	AG Mortgage Investment	Pair Corr
0.73	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.72	EARN	Ellington Residential	Pair Corr
0.71	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.68	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.66	AHT-PF	Ashford Hospitality Trust	Pair Corr

Related Correlations Analysis

	NNN	AKR	FRT	O	WSR	AHH	AFB	ABG	AGD
NNN		-0.59	0.3	0.79	0.14	0.48	-0.18	0.73	0.86	NNN
AKR	-0.59		0.46	-0.46	0.1	0.03	0.22	-0.47	-0.7	AKR
FRT	0.3	0.46		0.19	0.25	0.65	0.04	0.31	0.17	FRT
O	0.79	-0.46	0.19		0.37	0.11	-0.2	0.49	0.62	O
WSR	0.14	0.1	0.25	0.37		0.13	0.32	0.17	0.04	WSR
AHH	0.48	0.03	0.65	0.11	0.13		0.0	0.53	0.53	AHH
AFB	-0.18	0.22	0.04	-0.2	0.32	0.0		-0.04	-0.32	AFB
ABG	0.73	-0.47	0.31	0.49	0.17	0.53	-0.04		0.7	ABG
AGD	0.86	-0.7	0.17	0.62	0.04	0.53	-0.32	0.7		AGD
	NNN	AKR	FRT	O	WSR	AHH	AFB	ABG	AGD

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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

AGD	+ 0.86	NNN
O	+ 0.79	NNN
ABG	+ 0.73	NNN
AGD	+ 0.7	ABG
AHH	+ 0.65	FRT
AGD	+ 0.62	O

High negative correlations

AGD	- 0.7	AKR
AKR	- 0.59	NNN
ABG	- 0.47	AKR
O	- 0.46	AKR
AGD	- 0.32	AFB
AFB	- 0.2	O

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
NNN	0.76	0.03	(0.15)	0.34	0.82	(0.81)	1.60	(1.56)	4.92
AKR	1.18	(0.29)	0.00	(0.03)	0.00	0.00	2.35	(2.26)	9.22
FRT	0.92	(0.20)	(0.17)	0.02	1.14	(0.99)	1.77	(1.96)	7.71
O	0.71	(0.01)	(0.18)	0.19	0.91	(0.77)	1.57	(1.56)	6.17
WSR	0.97	(0.20)	0.00	(0.10)	0.00	0.00	2.09	(2.56)	6.32
AHH	1.16	(0.13)	(0.06)	0.11	1.75	(1.18)	2.31	(2.33)	10.33
AFB	0.37	(0.06)	0.00	(0.28)	0.00	0.00	0.68	(0.78)	2.15
ABG	1.54	(0.17)	(0.07)	0.08	2.19	(1.63)	3.68	(3.00)	12.35
AGD	0.51	0.22	0.08	1.11	0.00	(0.68)	1.30	(0.67)	2.84

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