Broadstone Net Correlations

BNL Stock

USD 18.20 0.11 0.61%

The current 90-days correlation between Broadstone Net Lease and Spirit Realty Capital is -0.12 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Broadstone Net moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Broadstone Net Lease moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Broadstone Net Correlation With Market

Very weak diversification

The correlation between Broadstone Net Lease and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Broadstone Net Lease 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 Broadstone Net Lease. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Broadstone Stock

0.76	HR	Healthcare Realty Trust	Pair Corr
0.95	UE	Urban Edge Properties	Pair Corr
0.81	EQIX	Equinix	Pair Corr
0.86	WELL	Welltower	Pair Corr
0.89	AKR	Acadia Realty Trust	Pair Corr
0.93	BRX	Brixmor Property Sell-off Trend	Pair Corr
0.93	BXP	Boston Properties	Pair Corr
0.89	DOC	Healthpeak Properties Symbol Change	Pair Corr
0.7	DRH	Diamondrock Hospitality	Pair Corr
0.61	EGP	EastGroup Properties	Pair Corr
0.63	FSP	Franklin Street Prop	Pair Corr
0.93	GTY	Getty Realty	Pair Corr
0.83	INN	Summit Hotel Properties	Pair Corr
0.79	IRT	Independence Realty Trust Sell-off Trend	Pair Corr
0.83	IVT	Inventrust Properties	Pair Corr
0.94	KRG	Kite Realty Group	Pair Corr
0.65	LXP	LXP Industrial Trust	Pair Corr
0.93	NHI	National Health Investors	Pair Corr
0.63	RHP	Ryman Hospitality	Pair Corr
0.9	SLG	SL Green Realty Earnings Call This Week	Pair Corr
0.91	SPG	Simon Property Group Sell-off Trend	Pair Corr
0.83	VTR	Ventas Inc	Pair Corr
0.94	GLPI	Gaming Leisure Properties	Pair Corr
0.65	GMRE	Global Medical REIT	Pair Corr
0.85	HASI	Hannon Armstrong Sus	Pair Corr
0.9	JBGS	JBG SMITH Properties	Pair Corr
0.91	PECO	Phillips Edison	Pair Corr
0.71	ROIC	Retail Opportunity	Pair Corr
0.89	SBRA	Sabra Healthcare REIT	Pair Corr
0.9	CTRE	CareTrust REIT	Pair Corr

Moving against Broadstone Stock

0.77	VINO	Gaucho Group Holdings	Pair Corr
0.68	UK	Ucommune International	Pair Corr
0.62	RC	Ready Capital Corp	Pair Corr
0.54	CHCT	Community Healthcare	Pair Corr

Related Correlations Analysis

	SRC	AHH	BRSP	SAFE	EPRT	CTO	AHH-PA	OLP	CTO-PA	MDV
SRC		-0.15	-0.35	0.69	0.72	0.27	0.92	0.68	0.83	0.74	SRC
AHH	-0.15		0.33	0.33	0.19	0.18	-0.21	0.35	0.07	0.24	AHH
BRSP	-0.35	0.33		-0.23	0.02	-0.44	-0.33	0.04	-0.4	-0.19	BRSP
SAFE	0.69	0.33	-0.23		0.89	0.57	0.76	0.91	0.89	0.89	SAFE
EPRT	0.72	0.19	0.02	0.89		0.31	0.84	0.92	0.86	0.9	EPRT
CTO	0.27	0.18	-0.44	0.57	0.31		0.32	0.47	0.43	0.37	CTO
AHH-PA	0.92	-0.21	-0.33	0.76	0.84	0.32		0.73	0.91	0.8	AHH-PA
OLP	0.68	0.35	0.04	0.91	0.92	0.47	0.73		0.78	0.86	OLP
CTO-PA	0.83	0.07	-0.4	0.89	0.86	0.43	0.91	0.78		0.88	CTO-PA
MDV	0.74	0.24	-0.19	0.89	0.9	0.37	0.8	0.86	0.88		MDV
	SRC	AHH	BRSP	SAFE	EPRT	CTO	AHH-PA	OLP	CTO-PA	MDV

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

AHH-PA	+ 0.92	SRC
OLP	+ 0.92	EPRT
OLP	+ 0.91	SAFE
CTO-PA	+ 0.91	AHH-PA
MDV	+ 0.9	EPRT
EPRT	+ 0.89	SAFE

High negative correlations

CTO	- 0.44	BRSP
CTO-PA	- 0.4	BRSP
BRSP	- 0.35	SRC
AHH-PA	- 0.33	BRSP
SAFE	- 0.23	BRSP
AHH-PA	- 0.21	AHH

Risk-Adjusted Indicators

There is a big difference between Broadstone Stock performing well and Broadstone Net 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 Broadstone Net'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
SRC	0.97	0.17	0.06	9.08	0.98	(1.06)	2.34	(1.72)	6.41
AHH	1.11	(0.07)	(0.04)	0.01	2.01	(1.13)	2.20	(2.67)	12.07
BRSP	1.60	(0.22)	0.00	(0.05)	0.00	0.00	3.31	(3.49)	11.03
SAFE	1.52	0.31	0.21	0.35	1.27	(1.80)	3.08	(2.55)	13.38
EPRT	0.92	0.16	0.10	0.32	1.14	(0.97)	2.04	(1.92)	6.39
CTO	1.17	0.17	0.02	(0.86)	2.12	(1.30)	2.60	(1.74)	19.07
AHH-PA	0.66	0.25	0.22	(4.03)	0.20	(0.83)	1.86	(1.09)	4.48
OLP	1.17	0.12	0.10	0.20	1.22	(1.36)	2.63	(1.98)	8.50
CTO-PA	0.93	0.25	0.12	10.07	0.99	(1.02)	2.10	(1.83)	7.56
MDV	1.44	0.20	0.09	0.38	1.68	(1.67)	3.52	(2.89)	10.69

Broadstone Net Corporate Management

Denise BrooksWilliams	Independent Director	Profile
Andrea Wright	Senior Vice President , Property Management	Profile
Agha Khan	Director	Profile
James Watters	Independent Director	Profile
Shekar Narasimhan	Independent Director	Profile
Timothy Dieffenbacher	Senior Vice President Chief Accounting Officer, Treasurer	Profile
Molly Wiegel	Senior Vice President of Human Resources	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC