Essential Properties Correlations

EPRT Stock

USD 32.74 0.17 0.52%

The current 90-days correlation between Essential Properties and Spirit Realty Capital is -0.08 (i.e., Good diversification). The correlation of Essential Properties 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.

Essential Properties Correlation With Market

Very weak diversification

The correlation between Essential Properties Realty and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Essential Properties Realty and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Essential Properties Realty. 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.

Moving together with Essential Stock

0.73	HR	Healthcare Realty Trust	Pair Corr
0.91	UE	Urban Edge Properties	Pair Corr
0.89	EQIX	Equinix	Pair Corr
0.84	WELL	Welltower	Pair Corr
0.82	AKR	Acadia Realty Trust	Pair Corr
0.87	BRX	Brixmor Property Sell-off Trend	Pair Corr
0.94	BXP	Boston Properties	Pair Corr
0.78	DOC	Healthpeak Properties Symbol Change	Pair Corr
0.81	DRH	Diamondrock Hospitality	Pair Corr
0.81	GTY	Getty Realty	Pair Corr
0.79	INN	Summit Hotel Properties	Pair Corr
0.79	IRT	Independence Realty Trust Sell-off Trend	Pair Corr
0.75	IVT	Inventrust Properties	Pair Corr
0.87	KRG	Kite Realty Group	Pair Corr
0.93	NHI	National Health Investors	Pair Corr
0.74	RHP	Ryman Hospitality	Pair Corr
0.87	SLG	SL Green Realty Earnings Call This Week	Pair Corr
0.91	SPG	Simon Property Group Sell-off Trend	Pair Corr
0.82	VTR	Ventas Inc	Pair Corr
0.62	XHR	Xenia Hotels Resorts	Pair Corr
0.85	GLPI	Gaming Leisure Properties	Pair Corr
0.73	GMRE	Global Medical REIT	Pair Corr
0.86	HASI	Hannon Armstrong Sus	Pair Corr
0.88	JBGS	JBG SMITH Properties	Pair Corr
0.91	PECO	Phillips Edison	Pair Corr
0.63	ROIC	Retail Opportunity	Pair Corr
0.94	SBRA	Sabra Healthcare REIT	Pair Corr
0.91	CTRE	CareTrust REIT	Pair Corr

Moving against Essential Stock

0.37	HPP	Hudson Pacific Properties	Pair Corr
0.8	VINO	Gaucho Group Holdings	Pair Corr
0.7	RC	Ready Capital Corp	Pair Corr
0.63	UK	Ucommune International	Pair Corr
0.54	CHCT	Community Healthcare	Pair Corr
0.34	PW	Power REIT	Pair Corr

Related Correlations Analysis

	SRC	AHH	CTO	BRSP	BNL	SAFE	AHH-PA	OLP	MDV
SRC		-0.15	0.27	-0.35	0.74	0.69	0.92	0.68	0.74	SRC
AHH	-0.15		0.18	0.33	0.32	0.33	-0.21	0.35	0.24	AHH
CTO	0.27	0.18		-0.44	0.47	0.57	0.32	0.47	0.37	CTO
BRSP	-0.35	0.33	-0.44		-0.08	-0.23	-0.33	0.04	-0.19	BRSP
BNL	0.74	0.32	0.47	-0.08		0.94	0.79	0.95	0.89	BNL
SAFE	0.69	0.33	0.57	-0.23	0.94		0.76	0.91	0.89	SAFE
AHH-PA	0.92	-0.21	0.32	-0.33	0.79	0.76		0.73	0.8	AHH-PA
OLP	0.68	0.35	0.47	0.04	0.95	0.91	0.73		0.86	OLP
MDV	0.74	0.24	0.37	-0.19	0.89	0.89	0.8	0.86		MDV
	SRC	AHH	CTO	BRSP	BNL	SAFE	AHH-PA	OLP	MDV

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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

OLP	+ 0.95	BNL
SAFE	+ 0.94	BNL
AHH-PA	+ 0.92	SRC
OLP	+ 0.91	SAFE
MDV	+ 0.89	BNL
MDV	+ 0.89	SAFE

High negative correlations

BRSP	- 0.44	CTO
BRSP	- 0.35	SRC
AHH-PA	- 0.33	BRSP
SAFE	- 0.23	BRSP
AHH-PA	- 0.21	AHH
MDV	- 0.19	BRSP

Risk-Adjusted Indicators

There is a big difference between Essential Stock performing well and Essential Properties 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 Essential Properties' 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
CTO	1.17	0.17	0.02	(0.86)	2.12	(1.30)	2.60	(1.74)	19.07
BRSP	1.60	(0.22)	0.00	(0.05)	0.00	0.00	3.31	(3.49)	11.03
BNL	0.89	0.16	0.11	0.36	0.83	(1.03)	1.95	(1.38)	7.11
SAFE	1.52	0.31	0.21	0.35	1.27	(1.80)	3.08	(2.55)	13.38
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
MDV	1.44	0.20	0.09	0.38	1.68	(1.67)	3.52	(2.89)	10.69

Essential Properties Corporate Management

Kristin JD	Senior Counsel	Profile
Max Jenkins	Executive Investments	Profile
A Peil	Executive Management	Profile
Chama Punlert	VP Credit	Profile
Heather Neary	Independent Director	Profile

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