Phillips Edison Correlations

PECO Stock  USD 38.97  0.11  0.28%   
The current 90-days correlation between Phillips Edison and Site Centers Corp is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Phillips Edison moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Phillips Edison Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Phillips Edison Correlation With Market

Weak diversification

The correlation between Phillips Edison Co and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Phillips Edison Co and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phillips Edison Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Phillips Stock

  0.62ELME Elme CommunitiesPairCorr
  0.67EPRT Essential PropertiesPairCorr
  0.64EQIX EquinixPairCorr
  0.79WELL WelltowerPairCorr
  0.66FCPT Four Corners PropertyPairCorr
  0.75AAT American Assets TrustPairCorr
  0.73ADC Agree RealtyPairCorr
  0.76AHR American Healthcare REIT,PairCorr
  0.63AKR Acadia Realty TrustPairCorr
  0.76ALX AlexandersPairCorr
  0.86AVB AvalonBay CommunitiesPairCorr
  0.71BFS Saul CentersPairCorr
  0.86BRX Brixmor PropertyPairCorr
  0.63CUZ Cousins PropertiesPairCorr

Moving against Phillips Stock

  0.68PW Power REITPairCorr
  0.46OPI Office Properties IncomePairCorr

Related Correlations Analysis

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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   
AKRUE
BRXKRG
BRXUE
IVTUE
AKRRPT
UEROIC
  
High negative correlations   
NTSTSITC
NTSTRPT
AKRNTST
NTSTROIC
CBLNTST
NTSTUE

Risk-Adjusted Indicators

There is a big difference between Phillips Stock performing well and Phillips Edison 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 Phillips Edison'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SITC  1.84  0.58  0.25 (2.64) 1.19 
 2.24 
 48.55 
ROIC  0.94  0.12  0.06  0.35  0.71 
 1.93 
 9.01 
UE  0.82  0.18  0.12  0.48  0.59 
 1.94 
 4.00 
RPT  1.41  0.33  0.08 (0.96) 1.25 
 3.38 
 8.44 
NTST  1.05  0.04 (0.06) 0.26  0.98 
 1.97 
 5.74 
KRG  0.77  0.13  0.04  0.42  0.75 
 1.81 
 4.13 
IVT  0.78  0.08  0.01  0.31  0.96 
 1.83 
 4.89 
BRX  0.73  0.16  0.05  0.62  0.65 
 1.94 
 4.59 
AKR  0.86  0.16  0.08  0.44  0.73 
 2.22 
 4.62 
CBL  0.86  0.08  0.01  0.29  0.74 
 2.43 
 6.14 

Phillips Edison Corporate Management

Kevin McCannChief OfficerProfile
Jeffrey BrownChief OfficerProfile
Gary BaileySenior OfficerProfile
Jeffrey EdisonChairman CEOProfile