Hannon Armstrong Correlations

HASI Stock

USD 31.11 0.16 0.52%

The current 90-days correlation between Hannon Armstrong Sus and EPR Properties is 0.3 (i.e., Weak diversification). The correlation of Hannon Armstrong 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.

Hannon Armstrong Correlation With Market

Good diversification

The correlation between Hannon Armstrong Sustainable and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hannon Armstrong Sustainable and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hannon Armstrong Sustainable. 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 Hannon Stock

0.7	HPP	Hudson Pacific Properties	Pair Corr
0.67	JOE	St Joe Company	Pair Corr
0.84	JBGS	JBG SMITH Properties	Pair Corr
0.77	O	Realty Income	Pair Corr
0.71	ADC-PA	Agree Realty	Pair Corr
0.8	VNO-PL	Vornado Realty Trust	Pair Corr
0.62	VNO-PO	Vornado Realty Trust	Pair Corr

Moving against Hannon Stock

0.68	KRG	Kite Realty Group	Pair Corr
0.64	IRT	Independence Realty Trust	Pair Corr
0.63	UE	Urban Edge Properties	Pair Corr
0.52	FSP	Franklin Street Prop	Pair Corr
0.47	OZ	Belpointe PREP LLC	Pair Corr
0.46	EQIX	Equinix	Pair Corr
0.44	PK	Park Hotels Resorts	Pair Corr
0.41	RHP	Ryman Hospitality	Pair Corr
0.39	SLG	SL Green Realty Fiscal Year End 22nd of January 2025	Pair Corr
0.67	ACR	Acres Commercial Realty	Pair Corr
0.61	WELL	Welltower	Pair Corr
0.61	ADC	Agree Realty	Pair Corr
0.5	DOUG	Douglas Elliman	Pair Corr
0.49	MITT-PC	AG Mortgage Investment	Pair Corr
0.39	CDR-PB	Cedar Realty Trust	Pair Corr
0.31	AAT	American Assets Trust	Pair Corr

Related Correlations Analysis

	CCI	AMT	IRM	HASI	DLR	SBAC	EPR	GLPI
CCI		0.95	-0.18	0.65	-0.82	0.86	0.86	0.56	CCI
AMT	0.95		-0.1	0.73	-0.8	0.9	0.85	0.65	AMT
IRM	-0.18	-0.1		0.38	0.39	0.18	0.07	0.17	IRM
HASI	0.65	0.73	0.38		-0.57	0.78	0.74	0.5	HASI
DLR	-0.82	-0.8	0.39	-0.57		-0.74	-0.76	-0.24	DLR
SBAC	0.86	0.9	0.18	0.78	-0.74		0.89	0.56	SBAC
EPR	0.86	0.85	0.07	0.74	-0.76	0.89		0.55	EPR
GLPI	0.56	0.65	0.17	0.5	-0.24	0.56	0.55		GLPI
	CCI	AMT	IRM	HASI	DLR	SBAC	EPR	GLPI

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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

AMT	+ 0.95	CCI
SBAC	+ 0.9	AMT
EPR	+ 0.89	SBAC
SBAC	+ 0.86	CCI
EPR	+ 0.86	CCI
EPR	+ 0.85	AMT

High negative correlations

DLR	- 0.82	CCI
DLR	- 0.8	AMT
EPR	- 0.76	DLR
SBAC	- 0.74	DLR
DLR	- 0.57	HASI
GLPI	- 0.24	DLR

Risk-Adjusted Indicators

There is a big difference between Hannon Stock performing well and Hannon Armstrong 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 Hannon Armstrong'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
CCI	1.11	(0.09)	0.00	0.32	0.00	0.00	1.73	(2.46)	6.85
AMT	1.07	(0.06)	0.00	0.21	0.00	0.00	1.80	(2.45)	11.15
IRM	1.29	0.23	0.01	(0.30)	2.28	(1.18)	2.39	(2.47)	12.39
HASI	1.68	(0.03)	0.00	0.30	0.00	0.00	3.10	(4.13)	14.68
DLR	1.07	0.43	0.21	(1.63)	0.95	(1.28)	2.17	(1.80)	13.70
SBAC	1.01	(0.01)	0.00	0.15	0.00	0.00	2.20	(1.89)	8.17
EPR	0.80	(0.10)	0.00	(0.20)	0.00	0.00	1.44	(1.57)	6.20
GLPI	0.61	0.03	(0.13)	(0.04)	0.94	(0.59)	1.38	(1.17)	4.95

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