SL Green Correlations

SLG Stock  USD 80.73  0.40  0.49%   
The current 90-days correlation between SL Green Realty and Douglas Emmett is 0.68 (i.e., Poor diversification). The correlation of SL Green 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.

SL Green Correlation With Market

Very weak diversification

The correlation between SL Green Realty and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SL Green Realty and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SL Green 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 bureau of economic analysis.

Moving together with SLG Stock

  0.87EQIX EquinixPairCorr
  0.74GTY Getty RealtyPairCorr
  0.76KRG Kite Realty GroupPairCorr
  0.77OLP One Liberty PropertiesPairCorr
  0.72RHP Ryman HospitalityPairCorr
  0.87SPG Simon Property GroupPairCorr
  0.84SBRA Sabra Healthcare REITPairCorr
  0.66DX Dynex CapitalPairCorr
  0.7KW Kennedy Wilson HoldingsPairCorr
  0.95UE Urban Edge PropertiesPairCorr
  0.7VNO-PL Vornado Realty TrustPairCorr
  0.81VNO-PM Vornado Realty TrustPairCorr
  0.83VNO-PN Vornado Realty TrustPairCorr
  0.78VNO-PO Vornado Realty TrustPairCorr
  0.74MITT-PA AG Mortgage InvestmentPairCorr
  0.8MITT-PB AG Mortgage InvestmentPairCorr
  0.85MITT-PC AG Mortgage InvestmentPairCorr

Moving against SLG Stock

  0.78RC Ready Capital CorpPairCorr
  0.66UK Ucommune InternationalPairCorr
  0.51AHT-PH Ashford Hospitality TrustPairCorr
  0.51AHT-PG Ashford Hospitality TrustPairCorr
  0.45PW Power REITPairCorr
  0.42EGP EastGroup PropertiesPairCorr
  0.38AHT-PI Ashford Hospitality TrustPairCorr
  0.38AHT-PF Ashford Hospitality TrustPairCorr
  0.33LXP LXP Industrial TrustPairCorr
  0.74ECRO Ecc Cap CorpPairCorr
  0.67VTMX Corporacin InmobiliariaPairCorr
  0.59VINO Gaucho Group Holdings Earnings Call This WeekPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
VNODEI
HIWBXP
KRCDEI
VNOKRC
PDMHIW
DEIBXP
  
High negative correlations   
OPIVNO
OPIDEI
OPIKRC
OPIBXP
HPPVNO
HPPDEI

Risk-Adjusted Indicators

There is a big difference between SLG Stock performing well and SL Green 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 SL Green'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
BXP  1.11  0.19  0.09  0.43  1.30 
 2.44 
 7.16 
DEI  1.33  0.22  0.14  0.38  1.25 
 2.93 
 6.92 
KRC  1.36  0.19  0.14  0.32  1.20 
 3.71 
 8.54 
ARE  1.07 (0.05)(0.11) 0.05  1.20 
 2.06 
 5.36 
VNO  1.27  0.42  0.32  0.61  0.74 
 3.05 
 7.88 
HIW  0.97  0.06  0.02  0.24  0.98 
 2.24 
 5.69 
HPP  2.60 (0.25)(0.06)(0.01) 2.81 
 6.19 
 13.56 
PDM  1.26  0.13  0.08  0.29  1.25 
 3.31 
 9.47 
OPI  2.31 (0.88) 0.00 (0.62) 0.00 
 4.69 
 26.33 
CIO  1.74 (0.12)(0.07) 0.03  1.79 
 3.89 
 11.18