AvalonBay Communities Correlations

AVB Stock

USD 218.50 0.50 0.23%

The current 90-days correlation between AvalonBay Communities and Essex Property Trust is 0.85 (i.e., Very poor diversification). The correlation of AvalonBay Communities 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.

AvalonBay Communities Correlation With Market

Weak diversification

The correlation between AvalonBay Communities and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AvalonBay Communities and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AvalonBay Communities. 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.

For information on how to trade AvalonBay Stock refer to our How to Trade AvalonBay Stock guide.

Moving together with AvalonBay Stock

0.86	O	Realty Income Sell-off Trend	Pair Corr
0.82	FR	First Industrial Realty Earnings Call This Week	Pair Corr
0.82	HR	Healthcare Realty Trust	Pair Corr
0.88	UE	Urban Edge Properties	Pair Corr
0.65	WY	Weyerhaeuser Fiscal Year End 23rd of January 2025	Pair Corr
0.91	VICI	VICI Properties Sell-off Trend	Pair Corr
0.93	ELME	Elme Communities	Pair Corr
0.87	EPRT	Essential Properties	Pair Corr
0.86	EQIX	Equinix	Pair Corr
0.94	WELL	Welltower	Pair Corr
0.91	FCPT	Four Corners Property	Pair Corr
0.84	AAT	American Assets Trust	Pair Corr
0.87	ADC	Agree Realty	Pair Corr
0.91	AHR	American Healthcare REIT,	Pair Corr
0.87	AKR	Acadia Realty Trust	Pair Corr
0.62	ALX	Alexanders	Pair Corr
0.9	AMH	American Homes 4 Potential Growth	Pair Corr
0.84	AMT	American Tower Corp	Pair Corr
0.73	BDN	Brandywine Realty Trust	Pair Corr
0.8	BFS	Saul Centers	Pair Corr
0.85	BNL	Broadstone Net Lease	Pair Corr
0.92	BRX	Brixmor Property Sell-off Trend	Pair Corr
0.86	BXP	Boston Properties	Pair Corr
0.87	CCI	Crown Castle Earnings Call This Week	Pair Corr
0.77	CDP	COPT Defense Properties	Pair Corr
0.64	CIO	City Office	Pair Corr

Moving against AvalonBay Stock

0.65	AHT	Ashford Hospitality Trust	Pair Corr
0.41	WHLR	Wheeler Real Estate Trending	Pair Corr
0.42	FPI	Farmland Partners	Pair Corr
0.31	BHR	Braemar Hotel Resorts	Pair Corr

Related Correlations Analysis

	ESS	UDR	MAA	CPT	EQR	NXRT
ESS		0.94	0.88	0.82	0.96	0.76	ESS
UDR	0.94		0.9	0.87	0.97	0.68	UDR
MAA	0.88	0.9		0.97	0.95	0.86	MAA
CPT	0.82	0.87	0.97		0.91	0.86	CPT
EQR	0.96	0.97	0.95	0.91		0.8	EQR
NXRT	0.76	0.68	0.86	0.86	0.8		NXRT
	ESS	UDR	MAA	CPT	EQR	NXRT

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Risk-Adjusted Indicators

There is a big difference between AvalonBay Stock performing well and AvalonBay Communities 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 AvalonBay Communities' 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
ESS	0.90	0.04	0.00	0.17	1.23	(0.82)	1.98	(1.82)	5.89
UDR	0.82	0.09	0.04	0.32	0.72	(1.05)	1.65	(1.28)	4.43
MAA	0.88	0.13	0.06	0.59	0.84	(1.04)	2.02	(1.59)	7.08
CPT	0.84	0.14	0.07	0.68	0.82	(0.92)	1.96	(1.46)	6.64
EQR	0.79	0.08	0.02	0.28	0.78	(0.90)	1.63	(1.49)	5.19
NXRT	1.14	0.08	0.05	0.19	1.22	(1.31)	2.71	(2.22)	7.17

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