Alexandria Real Correlations

ARE Stock

USD 45.48 1.11 2.38%

The current 90-days correlation between Alexandria Real Estate and Hamilton Insurance Group, is 0.11 (i.e., Average 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

Average diversification

The correlation between Alexandria Real Estate and DJI is 0.15 (i.e., Average 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.

Build AI portfolio with Alexandria Stock

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 real.

Moving together with Alexandria Stock

0.89	BEI-UN	Boardwalk Real Estate	Pair Corr
0.89	CAR-UN	Canadian Apartment	Pair Corr
0.68	GDI	GDI Property Group	Pair Corr
0.63	ESBA	Empire State Realty	Pair Corr
0.8	ESRT	Empire State Realty	Pair Corr
0.69	FISK	Empire State Realty	Pair Corr
0.83	AAT	American Assets Trust	Pair Corr
0.89	AHH	Armada Hflr Pr	Pair Corr
0.91	BDN	Brandywine Realty Trust	Pair Corr
0.77	BXP	Boston Properties	Pair Corr
0.77	CIO	City Office	Pair Corr
0.91	CUZ	Cousins Properties	Pair Corr
0.68	DEA	Eerly Govt Ppty	Pair Corr
0.92	DEI	Douglas Emmett	Pair Corr
0.67	DOC	Healthpeak Properties	Pair Corr
0.97	FSP	Franklin Street Prop	Pair Corr
0.91	HPP	Hudson Pacific Properties	Pair Corr

Moving against Alexandria Stock

0.91	AHR	American Healthcare REIT,	Pair Corr
0.89	WELL	Welltower	Pair Corr
0.83	FR	First Industrial Realty	Pair Corr
0.76	SGRO	Segro Plc	Pair Corr
0.61	PRSR	PRS Reit PLC	Pair Corr
0.54	EPRT	Essential Properties	Pair Corr
0.52	DHC	Diversified Healthcare	Pair Corr
0.92	VTR	Ventas Inc	Pair Corr
0.78	PLD	Prologis	Pair Corr
0.74	EGP	EastGroup Properties	Pair Corr
0.7	OHI	Omega Healthcare Inv	Pair Corr
0.65	BYG	Big Yellow Group	Pair Corr
0.61	LXP	LXP Industrial Trust	Pair Corr
0.52	FVR	FrontView REIT,	Pair Corr
0.39	MPW	Medical Properties Trust	Pair Corr

Related Correlations Analysis

	ACIC	NP	IGIC	ASUR	HRTG	HG	WTM
ACIC		0.2	-0.47	0.4	0.39	0.43	0.73	ACIC
NP	0.2		-0.34	0.44	-0.24	-0.36	-0.07	NP
IGIC	-0.47	-0.34		-0.61	0.3	0.36	-0.22	IGIC
ASUR	0.4	0.44	-0.61		-0.35	-0.34	0.15	ASUR
HRTG	0.39	-0.24	0.3	-0.35		0.79	0.46	HRTG
HG	0.43	-0.36	0.36	-0.34	0.79		0.58	HG
WTM	0.73	-0.07	-0.22	0.15	0.46	0.58		WTM
	ACIC	NP	IGIC	ASUR	HRTG	HG	WTM

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

HG	+ 0.79	HRTG
WTM	+ 0.73	ACIC
WTM	+ 0.58	HG
WTM	+ 0.46	HRTG
ASUR	+ 0.44	NP
HG	+ 0.43	ACIC

High negative correlations

ASUR	- 0.61	IGIC
IGIC	- 0.47	ACIC
HG	- 0.36	NP
HRTG	- 0.35	ASUR
HG	- 0.34	ASUR
IGIC	- 0.34	NP

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
ACIC	1.47	0.14	0.04	3.48	1.59	(1.58)	2.73	(2.53)	8.44
NP	2.93	(0.03)	0.00	0.05	3.11	(3.69)	6.85	(3.98)	23.42
IGIC	0.97	(0.04)	(0.06)	(0.02)	1.21	(1.15)	1.93	(1.94)	7.20
ASUR	1.78	(0.05)	(0.01)	0.03	1.96	(2.00)	3.59	(3.51)	13.40
HRTG	3.16	0.12	0.04	0.15	4.11	(3.30)	8.45	(7.45)	22.88
HG	1.33	0.15	0.05	(0.93)	1.29	(1.65)	2.93	(2.37)	12.52
WTM	1.21	0.13	0.10	0.21	1.14	(1.48)	2.19	(2.23)	12.96

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