Alexanders Correlations

ALX Stock

USD 201.85 3.00 1.51%

The current 90-days correlation between Alexanders and Saul Centers is 0.59 (i.e., Very weak 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

Good diversification

The correlation between Alexanders and DJI is -0.04 (i.e., Good 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	AMH	American Homes 4	Pair Corr
0.63	CSR	Centerspace Earnings Call This Week	Pair Corr
0.64	ESS	Essex Property Trust Earnings Call This Week	Pair Corr
0.89	MAA	Mid America Apartment Earnings Call This Week	Pair Corr
0.74	NHI	National Health Investors	Pair Corr
0.63	SUI	Sun Communities Earnings Call This Week	Pair Corr
0.72	UDR	UDR Inc Earnings Call This Week	Pair Corr
0.74	PSTL	Postal Realty Trust	Pair Corr
0.81	O	Realty Income	Pair Corr
0.63	DX	Dynex Capital	Pair Corr

Moving against Alexanders Stock

0.78	WHLR	Wheeler Real Estate	Pair Corr
0.74	CRESY	Cresud SACIF y	Pair Corr
0.65	INTG	Intergroup	Pair Corr
0.46	BDN	Brandywine Realty Trust	Pair Corr
0.45	Z	Zillow Group Class	Pair Corr
0.37	BXP	Boston Properties Earnings Call This Week	Pair Corr
0.36	SLG	SL Green Realty	Pair Corr
0.33	KRG	Kite Realty Group Earnings Call This Week	Pair Corr
0.31	DEI	Douglas Emmett	Pair Corr
0.59	OPINL	Office Properties Income	Pair Corr
0.57	RC	Ready Capital Corp	Pair Corr
0.52	PW	Power REIT	Pair Corr
0.48	PK	Park Hotels Resorts Earnings Call This Week	Pair Corr
0.38	UK	Ucommune International	Pair Corr

Related Correlations Analysis

	BFS	UE	RPT	SITC	KRG	AKR	UBP	IVT	ROIC	BRX
BFS		0.87	0.74	0.73	0.84	0.88	0.0	0.88	-0.7	0.73	BFS
UE	0.87		0.72	0.85	0.87	0.98	0.0	0.93	-0.78	0.86	UE
RPT	0.74	0.72		0.45	0.49	0.76	0.0	0.76	-0.37	0.78	RPT
SITC	0.73	0.85	0.45		0.81	0.86	0.0	0.73	-0.94	0.57	SITC
KRG	0.84	0.87	0.49	0.81		0.84	0.0	0.85	-0.75	0.65	KRG
AKR	0.88	0.98	0.76	0.86	0.84		0.0	0.92	-0.79	0.84	AKR
UBP	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	UBP
IVT	0.88	0.93	0.76	0.73	0.85	0.92	0.0		-0.62	0.85	IVT
ROIC	-0.7	-0.78	-0.37	-0.94	-0.75	-0.79	0.0	-0.62		-0.46	ROIC
BRX	0.73	0.86	0.78	0.57	0.65	0.84	0.0	0.85	-0.46		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

AKR	+ 0.98	UE
IVT	+ 0.93	UE
IVT	+ 0.92	AKR
AKR	+ 0.88	BFS
IVT	+ 0.88	BFS
UE	+ 0.87	BFS

High negative correlations

ROIC	- 0.94	SITC
ROIC	- 0.79	AKR
ROIC	- 0.78	UE
ROIC	- 0.75	KRG
ROIC	- 0.7	BFS
ROIC	- 0.62	IVT

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	1.10	(0.16)	0.00	0.75	0.00	0.00	1.64	(2.56)	7.66
UE	1.56	(0.14)	0.00	0.47	0.00	0.00	2.24	(3.55)	11.26
RPT	2.02	(0.03)	0.07	(0.05)	2.58	(2.49)	4.43	(4.35)	21.67
SITC	1.44	(0.23)	0.00	(0.44)	0.00	0.00	2.15	(3.71)	9.61
KRG	1.52	(0.12)	0.00	0.24	0.00	0.00	2.64	(3.36)	8.98
AKR	1.63	(0.16)	0.00	0.70	0.00	0.00	2.77	(3.42)	11.86
UBP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IVT	1.15	(0.09)	0.00	0.50	0.00	0.00	1.93	(2.48)	8.97
ROIC	0.10	0.02	1.61	14.01	0.00	(0.13)	0.23	(0.17)	0.58
BRX	1.42	(0.05)	0.00	0.12	0.00	0.00	1.97	(2.80)	10.49

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