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.
Phillips |
Moving together with Phillips Stock
0.62 | ELME | Elme Communities | PairCorr |
0.67 | EPRT | Essential Properties | PairCorr |
0.64 | EQIX | Equinix | PairCorr |
0.79 | WELL | Welltower | PairCorr |
0.66 | FCPT | Four Corners Property | PairCorr |
0.75 | AAT | American Assets Trust | PairCorr |
0.73 | ADC | Agree Realty | PairCorr |
0.76 | AHR | American Healthcare REIT, | PairCorr |
0.63 | AKR | Acadia Realty Trust | PairCorr |
0.76 | ALX | Alexanders | PairCorr |
0.86 | AVB | AvalonBay Communities | PairCorr |
0.71 | BFS | Saul Centers | PairCorr |
0.86 | BRX | Brixmor Property | PairCorr |
0.63 | CUZ | Cousins Properties | PairCorr |
Moving against Phillips Stock
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
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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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum 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 McCann | Chief Officer | Profile | |
Jeffrey Brown | Chief Officer | Profile | |
Gary Bailey | Senior Officer | Profile | |
Jeffrey Edison | Chairman CEO | Profile |