First Industrial Correlations

FR Stock

USD 55.91 0.53 0.94%

The current 90-days correlation between First Industrial Realty and LXP Industrial Trust is 0.69 (i.e., Poor diversification). The correlation of First Industrial 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.

First Industrial Correlation With Market

Very weak diversification

The correlation between First Industrial Realty and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Industrial 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 First Industrial 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 First Stock

0.95	O	Realty Income	Pair Corr
0.92	HR	Healthcare Realty Trust	Pair Corr
0.65	PW	Power REIT	Pair Corr
0.98	UE	Urban Edge Properties	Pair Corr
0.76	WY	Weyerhaeuser Fiscal Year End 23rd of January 2025	Pair Corr
0.97	VICI	VICI Properties	Pair Corr
0.96	ELME	Elme Communities	Pair Corr
0.94	EPRT	Essential Properties	Pair Corr
0.87	EQIX	Equinix	Pair Corr
0.89	WELL	Welltower	Pair Corr
0.9	ESRT	Empire State Realty	Pair Corr
0.97	FCPT	Four Corners Property	Pair Corr
0.85	FISK	Empire State Realty	Pair Corr
0.98	AAT	American Assets Trust	Pair Corr
0.95	ADC	Agree Realty	Pair Corr
0.92	AHH	Armada Hflr Pr	Pair Corr
0.87	AHR	American Healthcare REIT,	Pair Corr
0.9	AIV	Apartment Investment and	Pair Corr
0.97	AKR	Acadia Realty Trust	Pair Corr
0.77	ALX	Alexanders	Pair Corr
0.68	AMH	American Homes 4	Pair Corr
0.92	AMT	American Tower Corp	Pair Corr
0.87	AVB	AvalonBay Communities	Pair Corr
0.95	BDN	Brandywine Realty Trust	Pair Corr
0.97	BFS	Saul Centers	Pair Corr
0.97	BNL	Broadstone Net Lease	Pair Corr
0.75	BRT	BRT Realty Trust	Pair Corr
0.97	BRX	Brixmor Property	Pair Corr
0.98	BXP	Boston Properties	Pair Corr
0.92	CCI	Crown Castle Fiscal Year End 22nd of January 2025	Pair Corr
0.97	CDP	COPT Defense Properties Symbol Change	Pair Corr
0.9	CIO	City Office	Pair Corr
0.9	CPT	Camden Property Trust	Pair Corr

Moving against First Stock

0.82

WHLR

Wheeler Real Estate

Pair Corr

Related Correlations Analysis

	LXP	PLYM	SELF	TRNO	INDT	REXR	COLD	EGP
LXP		0.94	0.79	0.95	0.84	0.9	0.86	0.97	LXP
PLYM	0.94		0.81	0.97	0.77	0.95	0.93	0.97	PLYM
SELF	0.79	0.81		0.79	0.66	0.8	0.76	0.78	SELF
TRNO	0.95	0.97	0.79		0.88	0.97	0.9	0.97	TRNO
INDT	0.84	0.77	0.66	0.88		0.85	0.69	0.82	INDT
REXR	0.9	0.95	0.8	0.97	0.85		0.89	0.94	REXR
COLD	0.86	0.93	0.76	0.9	0.69	0.89		0.89	COLD
EGP	0.97	0.97	0.78	0.97	0.82	0.94	0.89		EGP
	LXP	PLYM	SELF	TRNO	INDT	REXR	COLD	EGP

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Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Industrial 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 First Industrial'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
LXP	0.97	0.20	0.17	0.23	0.88	(1.23)	2.84	(1.54)	7.79
PLYM	1.05	0.07	0.05	0.13	1.23	(1.07)	2.24	(1.92)	7.66
SELF	1.23	0.02	(0.02)	0.12	1.35	(1.49)	2.66	(2.31)	7.42
TRNO	1.05	0.26	0.22	0.31	0.87	(1.23)	2.67	(1.61)	7.75
INDT	0.06	0.02	(0.54)	(5.21)	0.00	(0.08)	0.15	(0.08)	0.48
REXR	1.07	0.10	0.07	0.16	1.22	(1.14)	2.23	(2.35)	8.50
COLD	0.99	0.06	0.04	0.14	1.22	(1.03)	2.30	(2.07)	5.60
EGP	0.77	0.14	0.12	0.26	0.89	(0.87)	1.79	(1.17)	6.98

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