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.
  
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

  0.88O Realty IncomePairCorr
  0.61FR First Industrial RealtyPairCorr
  0.73HR Healthcare Realty TrustPairCorr
  0.9VICI VICI PropertiesPairCorr
  0.79ELME Elme CommunitiesPairCorr
  0.76WELL WelltowerPairCorr
  0.82FCPT Four Corners PropertyPairCorr
  0.75AHR American Healthcare REIT,PairCorr
  0.78ALX AlexandersPairCorr
  0.94AMT American Tower CorpPairCorr
  0.91BNL Broadstone Net LeasePairCorr
  0.89CCI Crown CastlePairCorr

Moving against Agree Stock

  0.9ESBA Empire State RealtyPairCorr
  0.88PK Park Hotels ResortsPairCorr
  0.86ESRT Empire State RealtyPairCorr
  0.86FISK Empire State RealtyPairCorr
  0.84WHLR Wheeler Real EstatePairCorr
  0.81AAT American Assets TrustPairCorr
  0.8EQIX EquinixPairCorr
  0.68UE Urban Edge PropertiesPairCorr
  0.62PW Power REITPairCorr
  0.41Z Zillow Group ClassPairCorr
  0.84AHH Armada Hflr PrPairCorr
  0.77BDN Brandywine Realty TrustPairCorr
  0.7CDP COPT Defense PropertiesPairCorr
  0.66AKR Acadia Realty TrustPairCorr
  0.66BXP Boston PropertiesPairCorr
  0.57AHT Ashford Hospitality TrustPairCorr
  0.55BFS Saul CentersPairCorr
  0.33BRX Brixmor PropertyPairCorr
  0.32CIO City OfficePairCorr

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   
UEFRT
SITCFRT
KIMFRT
UEKIM
SITCKIM
SITCUE
  
High negative correlations   
SITCNTST
NNNSITC
UENTST
NTSTFRT
NNNFRT
NNNKIM

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum 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