Empire State Correlations

FISK Stock

USD 10.73 0.01 0.09%

The current 90-days correlation between Empire State Realty and Cousins Properties Incorporated is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Empire State moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Empire State Realty moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Empire State Correlation With Market

Modest diversification

The correlation between Empire State Realty and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Empire State 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 Empire State 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 state.

Moving together with Empire Stock

0.62	UE	Urban Edge Properties	Pair Corr
0.66	BXP	Boston Properties	Pair Corr
0.65	DRH	Diamondrock Hospitality	Pair Corr
0.61	FSP	Franklin Street Prop	Pair Corr
0.64	GTY	Getty Realty	Pair Corr
0.7	RHP	Ryman Hospitality	Pair Corr
0.68	SLG	SL Green Realty Earnings Call This Week	Pair Corr
0.67	XHR	Xenia Hotels Resorts	Pair Corr
0.74	GMRE	Global Medical REIT	Pair Corr
0.71	HASI	Hannon Armstrong Sus	Pair Corr
0.63	SBRA	Sabra Healthcare REIT	Pair Corr

Moving against Empire Stock

0.33

VINO

Gaucho Group Holdings

Pair Corr

Related Correlations Analysis

	CUZ	HIW	DEI	EQC	KRC	HPP	PDM	EQC-PD	FSP	CMCT
CUZ		0.96	0.85	0.61	0.66	-0.41	0.93	0.92	0.49	-0.68	CUZ
HIW	0.96		0.87	0.6	0.7	-0.39	0.97	0.92	0.46	-0.66	HIW
DEI	0.85	0.87		0.23	0.9	-0.3	0.88	0.75	0.55	-0.82	DEI
EQC	0.61	0.6	0.23		0.0	-0.13	0.49	0.66	0.14	-0.03	EQC
KRC	0.66	0.7	0.9	0.0		-0.04	0.75	0.52	0.63	-0.64	KRC
HPP	-0.41	-0.39	-0.3	-0.13	-0.04		-0.41	-0.48	0.28	0.54	HPP
PDM	0.93	0.97	0.88	0.49	0.75	-0.41		0.85	0.5	-0.68	PDM
EQC-PD	0.92	0.92	0.75	0.66	0.52	-0.48	0.85		0.26	-0.62	EQC-PD
FSP	0.49	0.46	0.55	0.14	0.63	0.28	0.5	0.26		-0.24	FSP
CMCT	-0.68	-0.66	-0.82	-0.03	-0.64	0.54	-0.68	-0.62	-0.24		CMCT
	CUZ	HIW	DEI	EQC	KRC	HPP	PDM	EQC-PD	FSP	CMCT

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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

PDM	+ 0.97	HIW
HIW	+ 0.96	CUZ
PDM	+ 0.93	CUZ
EQC-PD	+ 0.92	CUZ
EQC-PD	+ 0.92	HIW
KRC	+ 0.9	DEI

High negative correlations

CMCT	- 0.82	DEI
CMCT	- 0.68	PDM
CMCT	- 0.68	CUZ
CMCT	- 0.66	HIW
CMCT	- 0.64	KRC
CMCT	- 0.62	EQC-PD

Risk-Adjusted Indicators

There is a big difference between Empire Stock performing well and Empire State 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 Empire State'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
CUZ	1.07	0.39	0.24	6.32	0.78	(1.25)	2.41	(1.82)	10.46
HIW	1.14	0.23	0.23	0.31	0.79	(1.44)	2.28	(1.55)	7.44
DEI	1.51	0.29	0.20	0.28	1.43	(1.74)	3.68	(2.65)	8.71
EQC	0.40	0.01	(0.07)	0.14	0.63	(0.42)	1.04	(0.69)	5.29
KRC	1.57	0.14	0.09	0.19	1.69	(1.67)	3.98	(2.85)	10.53
HPP	2.99	(0.26)	0.00	(0.08)	0.00	0.00	6.61	(5.04)	24.03
PDM	1.50	0.31	0.22	0.31	1.19	(1.80)	4.36	(2.56)	11.43
EQC-PD	0.18	0.03	(0.17)	1.79	0.13	(0.20)	0.44	(0.40)	1.37
FSP	2.55	0.14	0.02	1.74	2.74	(3.28)	6.17	(4.43)	16.51
CMCT	4.26	(1.58)	0.00	(2.46)	0.00	0.00	6.25	(12.50)	62.92

Empire State Corporate Management

Thomas Keltner	Executive VP of Empire State ealty Trust, Inc, General Counsel of Empire State Realty Trust, Inc and Secretary of Empire State Realty Trust, Inc	Profile
Kevin Vilke	Inc Trust	Profile
Aaron Ratner	Inc Trust	Profile
Christopher Blackman	I Trust	Profile
Katy Malonoski	VP Relations	Profile
Fred Posniak	Inc Trust	Profile

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