Alexandria Real Correlations

ARE Stock

USD 72.11 0.95 1.30%

The current 90-days correlation between Alexandria Real Estate and Vornado Realty Trust is -0.13 (i.e., Good diversification). The correlation of Alexandria Real 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.

Alexandria Real Correlation With Market

Poor diversification

The correlation between Alexandria Real Estate and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alexandria Real Estate and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Alexandria Stock

0.73	FISK	Empire State Realty Upward Rally	Pair Corr
0.97	DOC	Healthpeak Properties	Pair Corr
0.65	ESS	Essex Property Trust	Pair Corr
0.9	MPW	Medical Properties Trust	Pair Corr
0.63	PEB	Pebblebrook Hotel Trust	Pair Corr
0.61	UDR	UDR Inc	Pair Corr
0.94	WSR	Whitestone REIT	Pair Corr
0.74	NXRT	Nexpoint Residential	Pair Corr
0.72	DX	Dynex Capital	Pair Corr
0.72	FR	First Industrial Realty	Pair Corr
0.94	HR	Healthcare Realty Trust	Pair Corr
0.95	KW	Kennedy Wilson Holdings	Pair Corr
0.86	RC	Ready Capital Corp	Pair Corr
0.86	WY	Weyerhaeuser	Pair Corr
0.8	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.76	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.78	AHT-PF	Ashford Hospitality Trust	Pair Corr

Moving against Alexandria Stock

0.47	SBRA	Sabra Healthcare REIT	Pair Corr
0.78	VTMX	Corporacin Inmobiliaria	Pair Corr
0.44	DOUG	Douglas Elliman	Pair Corr
0.36	EQIX	Equinix	Pair Corr

Related Correlations Analysis

	VNO	SLG	KRC	HIW	DEI	HPP	CUZ	OFC	BXP	BDN
VNO		0.85	0.78	0.92	0.55	0.12	0.84	0.0	0.85	0.85	VNO
SLG	0.85		0.81	0.87	0.41	0.08	0.79	0.0	0.89	0.8	SLG
KRC	0.78	0.81		0.75	0.63	0.38	0.92	0.0	0.93	0.81	KRC
HIW	0.92	0.87	0.75		0.37	-0.07	0.74	0.0	0.89	0.79	HIW
DEI	0.55	0.41	0.63	0.37		0.82	0.79	0.0	0.47	0.77	DEI
HPP	0.12	0.08	0.38	-0.07	0.82		0.53	0.0	0.13	0.43	HPP
CUZ	0.84	0.79	0.92	0.74	0.79	0.53		0.0	0.86	0.88	CUZ
OFC	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	OFC
BXP	0.85	0.89	0.93	0.89	0.47	0.13	0.86	0.0		0.8	BXP
BDN	0.85	0.8	0.81	0.79	0.77	0.43	0.88	0.0	0.8		BDN
	VNO	SLG	KRC	HIW	DEI	HPP	CUZ	OFC	BXP	BDN

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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

BXP	+ 0.93	KRC
HIW	+ 0.92	VNO
CUZ	+ 0.92	KRC
BXP	+ 0.89	SLG
BXP	+ 0.89	HIW
BDN	+ 0.88	CUZ

High negative correlations

HPP	- 0.07	HIW
BDN	- 0.0	OFC
BXP	- 0.0	OFC
OFC	- 0.0	CUZ
OFC	- 0.0	HPP
OFC	- 0.0	DEI

Risk-Adjusted Indicators

There is a big difference between Alexandria Stock performing well and Alexandria Real 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 Alexandria Real'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
VNO	2.03	0.22	0.06	(4.81)	2.97	(1.98)	3.56	(4.14)	16.39
SLG	1.89	0.19	0.07	0.18	2.72	(1.97)	4.29	(4.12)	14.11
KRC	1.76	0.20	0.06	(1.27)	2.35	(1.73)	3.62	(3.64)	14.19
HIW	1.43	0.19	0.07	(2.18)	1.91	(1.46)	2.71	(3.10)	9.44
DEI	1.89	(0.03)	0.00	0.17	0.00	0.00	3.50	(4.16)	14.67
HPP	3.42	0.10	0.01	(0.15)	4.50	(3.86)	8.12	(8.04)	24.14
CUZ	1.42	0.14	0.05	(11.74)	1.98	(1.41)	2.51	(2.94)	11.02
OFC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BXP	1.65	0.21	0.07	(2.17)	2.14	(1.68)	3.84	(3.21)	12.48
BDN	1.61	0.10	0.02	(0.60)	2.52	(1.67)	3.28	(3.13)	10.69

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