Simon Property Correlations

SPG Stock

USD 179.02 3.27 1.86%

The current 90-days correlation between Simon Property Group and Realty Income is 0.43 (i.e., Very weak diversification). The correlation of Simon Property 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.

Simon Property Correlation With Market

Weak diversification

The correlation between Simon Property Group and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simon Property Group 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 Simon Property Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Simon Stock

0.62	WY	Weyerhaeuser Fiscal Year End 23rd of January 2025	Pair Corr
0.78	EPRT	Essential Properties	Pair Corr
0.83	EQIX	Equinix	Pair Corr
0.84	WELL	Welltower	Pair Corr
0.78	ESRT	Empire State Realty	Pair Corr
0.78	FISK	Empire State Realty	Pair Corr
0.92	AAT	American Assets Trust	Pair Corr
0.66	ADC	Agree Realty	Pair Corr
0.87	AHR	American Healthcare REIT,	Pair Corr
0.94	AKR	Acadia Realty Trust	Pair Corr
0.66	AVB	AvalonBay Communities	Pair Corr
0.75	BDN	Brandywine Realty Trust	Pair Corr
0.73	BFS	Saul Centers	Pair Corr
0.61	BNL	Broadstone Net Lease	Pair Corr
0.9	BRX	Brixmor Property	Pair Corr
0.92	BXP	Boston Properties	Pair Corr
0.9	CDP	COPT Defense Properties	Pair Corr
0.93	CUZ	Cousins Properties	Pair Corr

Moving against Simon Stock

0.7	AHT	Ashford Hospitality Trust Upward Rally	Pair Corr
0.5	PW	Power REIT	Pair Corr
0.32	AMH	American Homes 4	Pair Corr
0.61	OPI	Office Properties Income	Pair Corr
0.42	CSR	Centerspace	Pair Corr
0.33	HPP	Hudson Pacific Properties Earnings Call This Week	Pair Corr

Related Correlations Analysis

	FRT	ADC	NNN	KIM	O	SKT	REG	NTST	GTY	SITC
FRT		0.51	0.33	0.46	0.34	0.09	0.75	0.8	0.5	-0.36	FRT
ADC	0.51		0.48	0.77	0.57	0.71	0.8	0.41	0.79	0.3	ADC
NNN	0.33	0.48		0.01	0.93	0.07	0.19	0.54	0.31	-0.09	NNN
KIM	0.46	0.77	0.01		0.2	0.85	0.76	0.22	0.81	0.47	KIM
O	0.34	0.57	0.93	0.2		0.25	0.21	0.48	0.46	0.1	O
SKT	0.09	0.71	0.07	0.85	0.25		0.49	-0.08	0.76	0.74	SKT
REG	0.75	0.8	0.19	0.76	0.21	0.49		0.54	0.68	-0.04	REG
NTST	0.8	0.41	0.54	0.22	0.48	-0.08	0.54		0.31	-0.51	NTST
GTY	0.5	0.79	0.31	0.81	0.46	0.76	0.68	0.31		0.36	GTY
SITC	-0.36	0.3	-0.09	0.47	0.1	0.74	-0.04	-0.51	0.36		SITC
	FRT	ADC	NNN	KIM	O	SKT	REG	NTST	GTY	SITC

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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

O	+ 0.93	NNN
SKT	+ 0.85	KIM
GTY	+ 0.81	KIM
NTST	+ 0.8	FRT
REG	+ 0.8	ADC
GTY	+ 0.79	ADC

High negative correlations

SITC	- 0.51	NTST
SITC	- 0.36	FRT
SITC	- 0.09	NNN
NTST	- 0.08	SKT
SITC	- 0.04	REG

Risk-Adjusted Indicators

There is a big difference between Simon Stock performing well and Simon Property 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 Simon Property'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
FRT	0.71	(0.01)	(0.14)	0.12	0.86	(0.80)	1.48	(1.36)	4.75
ADC	0.70	0.11	(0.07)	(0.89)	0.68	(0.78)	1.72	(1.17)	4.27
NNN	0.77	(0.08)	0.00	0.97	0.00	0.00	1.54	(2.03)	6.53
KIM	0.84	0.17	0.05	0.75	0.81	(0.96)	1.68	(1.67)	4.88
O	0.77	(0.03)	0.00	0.35	0.00	0.00	1.36	(1.83)	5.18
SKT	0.86	0.33	0.26	0.84	0.34	(1.01)	2.41	(1.39)	5.02
REG	0.74	0.06	(0.06)	0.45	0.86	(0.79)	1.28	(1.68)	4.55
NTST	1.05	0.04	(0.06)	0.26	0.98	(1.38)	1.97	(1.82)	5.74
GTY	0.58	0.07	(0.08)	0.46	0.50	(0.68)	1.59	(0.95)	3.93
SITC	1.84	0.58	0.25	(2.64)	1.19	(2.46)	2.24	(2.81)	48.55

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