Brixmor Property Correlations

BRX Stock

USD 25.69 0.09 0.35%

The current 90-days correlation between Brixmor Property and Kite Realty Group is -0.14 (i.e., Good diversification). The correlation of Brixmor Property 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.

Brixmor Property Correlation With Market

Good diversification

The correlation between Brixmor Property 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 Brixmor Property and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Brixmor Stock

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

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

Moving together with Brixmor Stock

0.79	AVB	AvalonBay Communities	Pair Corr
0.68	CSR	Centerspace Earnings Call This Week	Pair Corr
0.76	EGP	EastGroup Properties	Pair Corr
0.78	EQR	Equity Residential	Pair Corr
0.62	ESS	Essex Property Trust Earnings Call This Week	Pair Corr
0.62	HPP	Hudson Pacific Properties Earnings Call This Week	Pair Corr
0.68	INN	Summit Hotel Properties Earnings Call This Week	Pair Corr
0.67	SLG	SL Green Realty	Pair Corr
0.61	SUI	Sun Communities Earnings Call This Week	Pair Corr
0.62	UDR	UDR Inc Earnings Call This Week	Pair Corr
0.8	NXRT	Nexpoint Residential Earnings Call This Week	Pair Corr
0.65	CLPR	Clipper Realty	Pair Corr
0.78	FR	First Industrial Realty	Pair Corr
0.65	KW	Kennedy Wilson Holdings	Pair Corr
0.79	UE	Urban Edge Properties	Pair Corr

Related Correlations Analysis

	SITC	RPT	AKR	NTST	UE	KRG	ROIC	IVT	ALEX	FCPT
SITC		0.63	0.89	-0.8	0.91	0.82	-0.94	0.85	0.64	-0.1	SITC
RPT	0.63		0.81	-0.55	0.79	0.57	-0.6	0.79	0.78	0.34	RPT
AKR	0.89	0.81		-0.76	0.93	0.76	-0.86	0.9	0.77	0.13	AKR
NTST	-0.8	-0.55	-0.76		-0.68	-0.45	0.84	-0.61	-0.46	0.44	NTST
UE	0.91	0.79	0.93	-0.68		0.86	-0.84	0.94	0.74	0.23	UE
KRG	0.82	0.57	0.76	-0.45	0.86		-0.76	0.86	0.58	0.24	KRG
ROIC	-0.94	-0.6	-0.86	0.84	-0.84	-0.76		-0.78	-0.63	0.18	ROIC
IVT	0.85	0.79	0.9	-0.61	0.94	0.86	-0.78		0.76	0.25	IVT
ALEX	0.64	0.78	0.77	-0.46	0.74	0.58	-0.63	0.76		0.31	ALEX
FCPT	-0.1	0.34	0.13	0.44	0.23	0.24	0.18	0.25	0.31		FCPT
	SITC	RPT	AKR	NTST	UE	KRG	ROIC	IVT	ALEX	FCPT

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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	+ 0.94	UE
UE	+ 0.93	AKR
UE	+ 0.91	SITC
IVT	+ 0.9	AKR
AKR	+ 0.89	SITC
KRG	+ 0.86	UE

High negative correlations

ROIC	- 0.94	SITC
ROIC	- 0.86	AKR
ROIC	- 0.84	UE
NTST	- 0.8	SITC
IVT	- 0.78	ROIC
ROIC	- 0.76	KRG

Risk-Adjusted Indicators

There is a big difference between Brixmor Stock performing well and Brixmor Property 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 Brixmor Property'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
SITC	1.45	(0.21)	0.00	(0.38)	0.00	0.00	2.15	(3.71)	9.61
RPT	2.06	0.27	0.08	0.06	2.59	(2.52)	6.27	(4.35)	21.67
AKR	1.62	(0.22)	0.00	0.98	0.00	0.00	2.77	(3.42)	11.86
NTST	1.27	0.23	0.20	0.46	1.38	(1.37)	3.03	(2.56)	7.26
UE	1.54	0.05	0.00	(0.09)	0.00	0.00	2.24	(3.55)	11.26
KRG	1.51	0.07	0.00	(0.06)	0.00	0.00	2.64	(3.36)	8.98
ROIC	0.10	0.01	1.26	(1.69)	0.00	(0.13)	0.23	(0.17)	0.58
IVT	1.16	0.07	0.00	(0.05)	0.00	0.00	2.00	(2.48)	8.97
ALEX	0.97	(0.13)	0.00	3.68	0.00	0.00	1.75	(2.50)	5.36
FCPT	1.09	0.09	0.12	0.08	1.36	(1.10)	1.79	(2.43)	5.59

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