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.
SLG |
Moving together with SLG Stock
0.87 | EQIX | Equinix | PairCorr |
0.74 | GTY | Getty Realty | PairCorr |
0.76 | KRG | Kite Realty Group | PairCorr |
0.77 | OLP | One Liberty Properties | PairCorr |
0.72 | RHP | Ryman Hospitality | PairCorr |
0.87 | SPG | Simon Property Group | PairCorr |
0.84 | SBRA | Sabra Healthcare REIT | PairCorr |
0.66 | DX | Dynex Capital | PairCorr |
0.7 | KW | Kennedy Wilson Holdings | PairCorr |
0.95 | UE | Urban Edge Properties | PairCorr |
0.7 | VNO-PL | Vornado Realty Trust | PairCorr |
0.81 | VNO-PM | Vornado Realty Trust | PairCorr |
0.83 | VNO-PN | Vornado Realty Trust | PairCorr |
0.78 | VNO-PO | Vornado Realty Trust | PairCorr |
0.74 | MITT-PA | AG Mortgage Investment | PairCorr |
0.8 | MITT-PB | AG Mortgage Investment | PairCorr |
0.85 | MITT-PC | AG Mortgage Investment | PairCorr |
Moving against SLG Stock
0.78 | RC | Ready Capital Corp | PairCorr |
0.66 | UK | Ucommune International | PairCorr |
0.51 | AHT-PH | Ashford Hospitality Trust | PairCorr |
0.51 | AHT-PG | Ashford Hospitality Trust | PairCorr |
0.45 | PW | Power REIT | PairCorr |
0.42 | EGP | EastGroup Properties | PairCorr |
0.38 | AHT-PI | Ashford Hospitality Trust | PairCorr |
0.38 | AHT-PF | Ashford Hospitality Trust | PairCorr |
0.33 | LXP | LXP Industrial Trust | PairCorr |
0.74 | ECRO | Ecc Cap Corp | PairCorr |
0.67 | VTMX | Corporacin Inmobiliaria | PairCorr |
0.59 | VINO | Gaucho Group Holdings Earnings Call This Week | PairCorr |
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
| High negative correlations
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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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
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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 |