Saul Centers Correlations

BFS Stock

USD 34.89 0.54 1.57%

The current 90-days correlation between Saul Centers and Urban Edge Properties is -0.05 (i.e., Good diversification). The correlation of Saul Centers 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.

Saul Centers Correlation With Market

Good diversification

The correlation between Saul Centers and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Saul Centers and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Saul Stock

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

For more information on how to buy Saul Stock please use our How to Invest in Saul Centers guide.

Moving together with Saul Stock

0.68	FISK	Empire State Realty	Pair Corr
0.7	AVB	AvalonBay Communities	Pair Corr
0.84	PEB	Pebblebrook Hotel Trust	Pair Corr
0.73	WSR	Whitestone REIT	Pair Corr
0.79	DX	Dynex Capital	Pair Corr
0.92	FR	First Industrial Realty	Pair Corr
0.68	HR	Healthcare Realty Trust	Pair Corr
0.85	KW	Kennedy Wilson Holdings	Pair Corr
0.65	OZ	Belpointe PREP LLC	Pair Corr
0.65	PK	Park Hotels Resorts	Pair Corr
0.72	RC	Ready Capital Corp	Pair Corr
0.92	WY	Weyerhaeuser	Pair Corr
0.89	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.88	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.77	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.91	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.73	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.65	MITT-PA	AG Mortgage Investment	Pair Corr
0.7	MITT-PB	AG Mortgage Investment	Pair Corr
0.92	ELME	Elme Communities	Pair Corr
0.65	WETH	Wetouch Technology Common	Pair Corr
0.82	ESBA	Empire State Realty	Pair Corr

Moving against Saul Stock

0.33

VTMX

Corporacin Inmobiliaria

Pair Corr

Related Correlations Analysis

	UE	RPT	SITC	KRG	AKR	ROIC	UBA	REG	IVT
UE		0.71	0.86	0.81	0.73	0.0	0.0	0.87	0.91	UE
RPT	0.71		0.81	0.5	0.84	0.0	0.0	0.56	0.74	RPT
SITC	0.86	0.81		0.57	0.89	0.0	0.0	0.68	0.9	SITC
KRG	0.81	0.5	0.57		0.36	0.0	0.0	0.89	0.71	KRG
AKR	0.73	0.84	0.89	0.36		0.0	0.0	0.53	0.74	AKR
ROIC	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ROIC
UBA	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	UBA
REG	0.87	0.56	0.68	0.89	0.53	0.0	0.0		0.8	REG
IVT	0.91	0.74	0.9	0.71	0.74	0.0	0.0	0.8		IVT
	UE	RPT	SITC	KRG	AKR	ROIC	UBA	REG	IVT

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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

IVT	+ 0.91	UE
IVT	+ 0.9	SITC
AKR	+ 0.89	SITC
REG	+ 0.89	KRG
REG	+ 0.87	UE
SITC	+ 0.86	UE

High negative correlations

IVT	- 0.0	UBA
REG	- 0.0	UBA
IVT	- 0.0	ROIC
REG	- 0.0	ROIC
UBA	- 0.0	ROIC
UBA	- 0.0	AKR

Risk-Adjusted Indicators

There is a big difference between Saul Stock performing well and Saul Centers 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 Saul Centers' 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
UE	1.45	(0.05)	0.00	(0.04)	0.00	0.00	2.41	(3.47)	11.26
RPT	2.03	(0.20)	0.00	1.48	0.00	0.00	3.65	(4.17)	21.34
SITC	1.39	(0.13)	0.00	(0.13)	0.00	0.00	2.65	(2.85)	10.23
KRG	1.42	0.05	0.03	0.06	1.82	(1.53)	2.89	(3.03)	10.04
AKR	1.61	(0.16)	0.00	1.26	0.00	0.00	2.62	(3.20)	11.84
ROIC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UBA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
REG	1.03	(0.02)	0.00	(0.01)	0.00	0.00	2.00	(2.45)	8.83
IVT	1.20	(0.03)	0.00	(0.04)	0.00	0.00	2.70	(2.48)	8.97

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