UDR Correlations

UDR Stock

USD 41.30 0.27 0.65%

The current 90-days correlation between UDR Inc and AvalonBay Communities is 0.94 (i.e., Almost no diversification). The correlation of UDR 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. If the correlation is 0, the equities are not correlated; they are entirely random.

UDR Correlation With Market

Poor diversification

The correlation between UDR Inc and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UDR Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with UDR Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in UDR Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with UDR Stock

0.83	EGP	EastGroup Properties	Pair Corr
0.7	ELS	Equity Lifestyle Pro	Pair Corr
0.75	SUI	Sun Communities Earnings Call Shortly	Pair Corr
0.84	UMH	UMH Properties Earnings Call Shortly	Pair Corr
0.83	NXRT	Nexpoint Residential Earnings Call Shortly	Pair Corr
0.77	DX	Dynex Capital	Pair Corr
0.74	FR	First Industrial Realty	Pair Corr
0.77	HR	Healthcare Realty Trust	Pair Corr
0.63	KW	Kennedy Wilson Holdings	Pair Corr
0.77	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.75	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.85	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.78	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.79	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.8	MITT-PA	AG Mortgage Investment Earnings Call Shortly	Pair Corr
0.72	MITT-PB	AG Mortgage Investment Earnings Call Shortly	Pair Corr
0.72	MITT-PC	AG Mortgage Investment Earnings Call Shortly	Pair Corr
0.81	ELME	Elme Communities Earnings Call Shortly	Pair Corr

Related Correlations Analysis

	AVB	ESS	MAA	CPT	EQR
AVB		0.75	0.39	0.7	0.92	AVB
ESS	0.75		0.81	0.89	0.86	ESS
MAA	0.39	0.81		0.74	0.65	MAA
CPT	0.7	0.89	0.74		0.82	CPT
EQR	0.92	0.86	0.65	0.82		EQR
	AVB	ESS	MAA	CPT	EQR

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Risk-Adjusted Indicators

There is a big difference between UDR Stock performing well and UDR 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 UDR'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
AVB	1.19	0.08	0.00	(0.05)	0.00	0.00	2.30	(2.66)	10.42
ESS	1.30	0.13	0.06	0.00	2.22	(1.16)	2.52	(3.19)	10.94
MAA	1.15	0.23	0.17	0.21	1.51	(1.29)	2.26	(1.91)	9.97
CPT	1.17	0.03	0.08	0.27	1.85	(1.16)	2.12	(2.16)	9.49
EQR	1.22	0.16	0.08	0.03	1.93	(1.19)	2.23	(2.39)	12.03

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UDR Correlations

UDR Correlation With Market

Poor diversification

Moving together with UDR Stock

Related Correlations Analysis

Risk-Adjusted Indicators

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