Agree Realty Correlations
ADC Stock | USD 74.46 2.33 3.03% |
The current 90-days correlation between Agree Realty and Federal Realty Investment is 0.51 (i.e., Very weak 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
Weak diversification
The correlation between Agree Realty and DJI is 0.32 (i.e., Weak 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.
Agree |
Moving together with Agree Stock
0.88 | O | Realty Income | PairCorr |
0.61 | FR | First Industrial Realty | PairCorr |
0.73 | HR | Healthcare Realty Trust | PairCorr |
0.9 | VICI | VICI Properties | PairCorr |
0.79 | ELME | Elme Communities | PairCorr |
0.76 | WELL | Welltower | PairCorr |
0.82 | FCPT | Four Corners Property | PairCorr |
0.75 | AHR | American Healthcare REIT, | PairCorr |
0.78 | ALX | Alexanders | PairCorr |
0.94 | AMT | American Tower Corp | PairCorr |
0.91 | BNL | Broadstone Net Lease | PairCorr |
0.89 | CCI | Crown Castle | PairCorr |
Moving against Agree Stock
0.9 | ESBA | Empire State Realty | PairCorr |
0.88 | PK | Park Hotels Resorts | PairCorr |
0.86 | ESRT | Empire State Realty | PairCorr |
0.86 | FISK | Empire State Realty | PairCorr |
0.84 | WHLR | Wheeler Real Estate | PairCorr |
0.81 | AAT | American Assets Trust | PairCorr |
0.8 | EQIX | Equinix | PairCorr |
0.68 | UE | Urban Edge Properties | PairCorr |
0.62 | PW | Power REIT | PairCorr |
0.41 | Z | Zillow Group Class | PairCorr |
0.84 | AHH | Armada Hflr Pr | PairCorr |
0.77 | BDN | Brandywine Realty Trust | PairCorr |
0.7 | CDP | COPT Defense Properties | PairCorr |
0.66 | AKR | Acadia Realty Trust | PairCorr |
0.66 | BXP | Boston Properties | PairCorr |
0.57 | AHT | Ashford Hospitality Trust | PairCorr |
0.55 | BFS | Saul Centers | PairCorr |
0.33 | BRX | Brixmor Property | PairCorr |
0.32 | CIO | City Office | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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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 | 1.27 | (0.14) | 0.00 | (0.30) | 0.00 | 1.82 | 9.79 | |||
REG | 1.07 | 0.04 | 0.00 | (0.11) | 0.00 | 1.59 | 6.35 | |||
NTST | 1.09 | 0.19 | 0.23 | (3.65) | 1.25 | 2.92 | 7.48 | |||
KIM | 1.25 | (0.10) | 0.00 | (0.26) | 0.00 | 2.24 | 9.23 | |||
BFS | 0.91 | (0.08) | 0.00 | (4.13) | 0.00 | 1.46 | 4.57 | |||
UE | 1.37 | (0.13) | 0.00 | (0.29) | 0.00 | 2.09 | 10.35 | |||
RPT | 1.65 | (0.08) | 0.00 | (1.53) | 0.00 | 4.18 | 11.82 | |||
SITC | 1.29 | (0.22) | 0.00 | (0.41) | 0.00 | 2.14 | 9.67 | |||
KRG | 1.37 | (0.21) | 0.00 | 3.65 | 0.00 | 2.40 | 6.49 | |||
NNN | 1.03 | 0.06 | 0.18 | (1.54) | 1.22 | 1.98 | 7.72 |