SL Green Correlations

SLG Stock

USD 63.10 0.50 0.79%

The current 90-days correlation between SL Green Realty and Douglas Emmett is -0.34 (i.e., Very good 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

Poor diversification

The correlation between SL Green Realty and DJI is 0.71 (i.e., Poor 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.

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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

0.92	BXP	Boston Properties	Pair Corr
0.76	DEI	Douglas Emmett	Pair Corr
0.65	HPP	Hudson Pacific Properties	Pair Corr
0.91	JBGS	JBG SMITH Properties	Pair Corr
0.72	DX	Dynex Capital Earnings Call This Week	Pair Corr
0.65	FR	First Industrial Realty Earnings Call Today	Pair Corr
0.82	OZ	Belpointe PREP LLC	Pair Corr
0.64	PK	Park Hotels Resorts Sell-off Trend	Pair Corr
0.72	UE	Urban Edge Properties	Pair Corr
0.69	WY	Weyerhaeuser	Pair Corr
0.78	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.81	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.84	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.85	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.88	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.81	DOUG	Douglas Elliman	Pair Corr
0.78	VNO-PL	Vornado Realty Trust	Pair Corr
0.76	VNO-PM	Vornado Realty Trust	Pair Corr
0.77	VNO-PN	Vornado Realty Trust	Pair Corr
0.7	VNO-PO	Vornado Realty Trust	Pair Corr
0.65	MITT-PA	AG Mortgage Investment	Pair Corr
0.77	MITT-PB	AG Mortgage Investment	Pair Corr
0.87	MITT-PC	AG Mortgage Investment	Pair Corr
0.84	EARN	Ellington Residential	Pair Corr
0.9	ELME	Elme Communities	Pair Corr
0.72	WELL	Welltower	Pair Corr
0.91	ESBA	Empire State Realty	Pair Corr

Moving against SLG Stock

0.51	UK	Ucommune International	Pair Corr
0.78	WHLR	Wheeler Real Estate Downward Rally	Pair Corr
0.64	WETH	Wetouch Technology Common	Pair Corr
0.35	FBRT	Franklin BSP Realty	Pair Corr
0.34	ADC	Agree Realty Earnings Call This Week	Pair Corr

Related Correlations Analysis

	BXP	DEI	KRC	ARE	VNO	HIW	HPP	PDM	OPI	CIO
BXP		0.72	0.85	-0.26	0.78	0.89	0.52	0.84	-0.59	0.77	BXP
DEI	0.72		0.81	0.18	0.57	0.79	0.65	0.72	-0.36	0.82	DEI
KRC	0.85	0.81		0.04	0.63	0.87	0.76	0.89	-0.36	0.89	KRC
ARE	-0.26	0.18	0.04		-0.54	-0.33	0.35	-0.16	0.67	0.09	ARE
VNO	0.78	0.57	0.63	-0.54		0.87	0.32	0.74	-0.7	0.52	VNO
HIW	0.89	0.79	0.87	-0.33	0.87		0.58	0.89	-0.68	0.8	HIW
HPP	0.52	0.65	0.76	0.35	0.32	0.58		0.62	0.03	0.79	HPP
PDM	0.84	0.72	0.89	-0.16	0.74	0.89	0.62		-0.57	0.72	PDM
OPI	-0.59	-0.36	-0.36	0.67	-0.7	-0.68	0.03	-0.57		-0.22	OPI
CIO	0.77	0.82	0.89	0.09	0.52	0.8	0.79	0.72	-0.22		CIO
	BXP	DEI	KRC	ARE	VNO	HIW	HPP	PDM	OPI	CIO

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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

HIW	+ 0.89	BXP
PDM	+ 0.89	KRC
CIO	+ 0.89	KRC
PDM	+ 0.89	HIW
HIW	+ 0.87	KRC
HIW	+ 0.87	VNO

High negative correlations

OPI	- 0.7	VNO
OPI	- 0.68	HIW
OPI	- 0.59	BXP
OPI	- 0.57	PDM
VNO	- 0.54	ARE
OPI	- 0.36	KRC

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
BXP	1.46	0.45	0.04	(0.62)	1.67	(1.54)	3.73	(2.78)	13.58
DEI	1.65	0.43	0.00	(0.39)	1.95	(1.82)	3.47	(3.40)	14.63
KRC	1.48	0.16	0.10	0.40	1.55	(1.56)	3.09	(2.74)	14.21
ARE	1.71	0.15	(0.06)	(0.26)	2.57	(1.53)	3.35	(2.71)	12.78
VNO	1.67	0.01	0.03	0.26	2.13	(1.68)	3.44	(4.07)	16.98
HIW	1.14	0.18	0.09	0.49	0.95	(1.30)	2.57	(1.87)	9.44
HPP	2.58	0.15	0.05	0.37	3.09	(2.89)	8.06	(6.06)	18.42
PDM	1.92	0.12	0.03	0.38	3.20	(1.89)	5.43	(3.68)	22.47
OPI	5.55	(0.27)	0.00	(0.15)	0.00	0.00	13.04	(9.68)	42.55
CIO	1.44	0.39	0.07	(11.32)	1.53	(1.58)	3.40	(2.18)	9.91

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