Alexanders Correlations

ALX Stock

USD 225.32 0.67 0.30%

The current 90-days correlation between Alexanders and Saul Centers is 0.71 (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

Poor diversification

The correlation between Alexanders and DJI is 0.61 (i.e., Poor 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

0.65	Z	Zillow Group Class	Pair Corr
0.82	BDN	Brandywine Realty Trust	Pair Corr
0.87	BXP	Boston Properties	Pair Corr
0.7	EGP	EastGroup Properties	Pair Corr
0.62	FSP	Franklin Street Prop	Pair Corr
0.94	HIW	Highwoods Properties	Pair Corr
0.76	KRC	Kilroy Realty Corp	Pair Corr
0.72	KRG	Kite Realty Group Sell-off Trend	Pair Corr
0.89	SLG	SL Green Realty Potential Growth	Pair Corr
0.93	JBGS	JBG SMITH Properties	Pair Corr
0.63	NTST	Netstreit Corp	Pair Corr
0.88	CMCT	Creative Media Community	Pair Corr
0.68	OZ	Belpointe PREP LLC	Pair Corr
0.67	AHT-PD	Ashford Hospitality Trust	Pair Corr

Moving against Alexanders Stock

0.49	PINE	Alpineome Property Trust	Pair Corr
0.47	ARE	Alexandria Real Estate	Pair Corr
0.55	WETH	Wetouch Technology Common	Pair Corr
0.39	UK	Ucommune International	Pair Corr
0.36	HR	Healthcare Realty Trust	Pair Corr

Related Correlations Analysis

	BFS	UE	RPT	SITC	KRG	AKR	UBP	IVT	ROIC	BRX
BFS		0.75	0.37	0.65	0.59	0.53	0.0	0.71	0.0	0.68	BFS
UE	0.75		0.68	0.82	0.9	0.68	0.0	0.82	0.0	0.93	UE
RPT	0.37	0.68		0.55	0.67	0.7	0.0	0.82	0.0	0.64	RPT
SITC	0.65	0.82	0.55		0.7	0.59	0.0	0.73	0.0	0.81	SITC
KRG	0.59	0.9	0.67	0.7		0.52	0.0	0.7	0.0	0.83	KRG
AKR	0.53	0.68	0.7	0.59	0.52		0.0	0.88	0.0	0.77	AKR
UBP	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	UBP
IVT	0.71	0.82	0.82	0.73	0.7	0.88	0.0		0.0	0.81	IVT
ROIC	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ROIC
BRX	0.68	0.93	0.64	0.81	0.83	0.77	0.0	0.81	0.0		BRX
	BFS	UE	RPT	SITC	KRG	AKR	UBP	IVT	ROIC	BRX

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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

BRX	+ 0.93	UE
KRG	+ 0.9	UE
IVT	+ 0.88	AKR
BRX	+ 0.83	KRG
SITC	+ 0.82	UE
IVT	+ 0.82	UE

High negative correlations

BRX	- 0.0	ROIC
ROIC	- 0.0	IVT
BRX	- 0.0	UBP
ROIC	- 0.0	UBP
IVT	- 0.0	UBP
ROIC	- 0.0	AKR

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
BFS	1.24	(0.06)	0.00	(0.05)	0.00	0.00	2.18	(2.95)	7.66
UE	1.42	(0.03)	(0.01)	0.02	2.15	(1.36)	2.55	(3.45)	11.19
RPT	1.97	(0.13)	0.00	(0.06)	0.00	0.00	3.65	(3.87)	21.34
SITC	1.55	(0.03)	(0.01)	0.02	2.01	(1.68)	3.45	(3.31)	11.33
KRG	1.35	0.00	0.00	0.04	1.88	(1.36)	2.57	(3.16)	10.17
AKR	1.56	(0.22)	0.00	(0.16)	0.00	0.00	2.98	(3.42)	12.86
UBP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IVT	1.17	(0.11)	0.00	(0.09)	0.00	0.00	2.30	(2.58)	8.97
ROIC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRX	1.40	(0.03)	(0.02)	0.01	1.98	(1.46)	2.20	(3.05)	11.73

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