Alexanders Correlations

ALX Stock

USD 248.35 0.00 0.00%

The current 90-days correlation between Alexanders and Acadia Realty Trust is 0.64 (i.e., Poor diversification). The correlation of Alexanders 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.

Alexanders Correlation With Market

Very weak diversification

The correlation between Alexanders and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alexanders and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Alexanders Stock

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

For more information on how to buy Alexanders Stock please use our How to Invest in Alexanders guide.

Moving together with Alexanders Stock

0.83	Z	Zillow Group Class	Pair Corr
0.71	FR	First Industrial Realty	Pair Corr
0.72	PK	Park Hotels Resorts Earnings Call Next Week	Pair Corr
0.68	UE	Urban Edge Properties Earnings Call Next Week	Pair Corr
0.88	ELME	Elme Communities	Pair Corr
0.78	WELL	Welltower Earnings Call This Week	Pair Corr
0.77	ESBA	Empire State Realty	Pair Corr
0.8	ESRT	Empire State Realty Earnings Call Tomorrow	Pair Corr
0.61	FISK	Empire State Realty	Pair Corr
0.92	AAT	American Assets Trust Earnings Call This Week	Pair Corr
0.68	AHH	Armada Hflr Pr	Pair Corr
0.94	AHR	American Healthcare REIT,	Pair Corr
0.84	AIV	Apartment Investment and	Pair Corr
0.87	BDN	Brandywine Realty Trust	Pair Corr
0.85	BXP	Boston Properties Earnings Call Next Week	Pair Corr
0.89	CDP	COPT Defense Properties Earnings Call This Week	Pair Corr
0.71	CIO	City Office	Pair Corr
0.72	CUZ	Cousins Properties Sell-off Trend	Pair Corr
0.91	DEA	Eerly Govt Ppty	Pair Corr
0.82	DEI	Douglas Emmett	Pair Corr
0.71	EGP	EastGroup Properties	Pair Corr
0.64	FSP	Franklin Street Prop Earnings Call This Week	Pair Corr
0.9	HIW	Highwoods Properties	Pair Corr
0.84	INN	Summit Hotel Properties	Pair Corr
0.84	KRC	Kilroy Realty Corp Earnings Call This Week	Pair Corr
0.91	LXP	LXP Industrial Trust	Pair Corr

Moving against Alexanders Stock

0.77	WHLR	Wheeler Real Estate	Pair Corr
0.68	FCPT	Four Corners Property Earnings Call Next Week	Pair Corr
0.78	ADC	Agree Realty	Pair Corr
0.93	MPW	Medical Properties Trust	Pair Corr
0.79	NHI	National Health Investors	Pair Corr
0.66	NXRT	Nexpoint Residential Earnings Call This Week	Pair Corr
0.63	OPI	Office Properties Income Earnings Call Next Week	Pair Corr

Related Correlations Analysis

	AKR	BFS	ALEX	RPT	KRG	AAT	EGP
AKR		-0.28	-0.31	0.33	0.02	-0.39	0.06	AKR
BFS	-0.28		0.87	-0.04	0.67	0.88	0.73	BFS
ALEX	-0.31	0.87		0.13	0.75	0.87	0.85	ALEX
RPT	0.33	-0.04	0.13		0.43	-0.02	0.36	RPT
KRG	0.02	0.67	0.75	0.43		0.65	0.82	KRG
AAT	-0.39	0.88	0.87	-0.02	0.65		0.67	AAT
EGP	0.06	0.73	0.85	0.36	0.82	0.67		EGP
	AKR	BFS	ALEX	RPT	KRG	AAT	EGP

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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

AAT	+ 0.88	BFS
ALEX	+ 0.87	BFS
AAT	+ 0.87	ALEX
EGP	+ 0.85	ALEX
EGP	+ 0.82	KRG
KRG	+ 0.75	ALEX

High negative correlations

AAT	- 0.39	AKR
ALEX	- 0.31	AKR
BFS	- 0.28	AKR
RPT	- 0.04	BFS
AAT	- 0.02	RPT

Risk-Adjusted Indicators

There is a big difference between Alexanders Stock performing well and Alexanders 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 Alexanders' 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
AKR	1.22	(0.13)	(0.08)	(0.01)	1.59	(1.26)	2.59	(2.33)	9.22
BFS	1.06	(0.06)	(0.07)	0.04	1.42	(1.01)	2.00	(2.01)	6.66
ALEX	0.74	0.04	(0.02)	0.21	0.94	(0.79)	1.51	(2.00)	5.82
RPT	1.57	0.01	0.01	0.14	1.65	(1.83)	3.65	(2.72)	10.00
KRG	1.05	0.04	0.01	0.17	1.17	(1.11)	2.09	(2.16)	7.04
AAT	1.13	0.05	0.00	0.20	1.32	(1.20)	2.29	(2.57)	7.37
EGP	0.88	0.00	(0.03)	0.13	1.18	(0.83)	1.88	(2.35)	6.01

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