VICI Properties Correlations

VICI Stock

USD 32.32 0.10 0.31%

The current 90-days correlation between VICI Properties and W P Carey is 0.67 (i.e., Poor diversification). The correlation of VICI Properties 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.

VICI Properties Correlation With Market

Weak diversification

The correlation between VICI Properties and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VICI Properties 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 VICI Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For more detail on how to invest in VICI Stock please use our How to Invest in VICI Properties guide.

Moving together with VICI Stock

0.97	O	Realty Income Sell-off Trend	Pair Corr
0.93	FR	First Industrial Realty Earnings Call This Week	Pair Corr
0.83	HR	Healthcare Realty Trust	Pair Corr
0.93	UE	Urban Edge Properties	Pair Corr
0.71	WY	Weyerhaeuser Fiscal Year End 23rd of January 2025	Pair Corr
0.95	ELME	Elme Communities	Pair Corr
0.83	EPRT	Essential Properties	Pair Corr
0.8	EQIX	Equinix	Pair Corr
0.93	WELL	Welltower	Pair Corr
0.91	FCPT	Four Corners Property	Pair Corr
0.94	AAT	American Assets Trust	Pair Corr
0.96	ADC	Agree Realty	Pair Corr
0.84	AHR	American Healthcare REIT,	Pair Corr
0.95	AKR	Acadia Realty Trust	Pair Corr
0.78	AMH	American Homes 4 Potential Growth	Pair Corr
0.92	AMT	American Tower Corp	Pair Corr
0.91	AVB	AvalonBay Communities	Pair Corr
0.82	BDN	Brandywine Realty Trust	Pair Corr
0.89	BFS	Saul Centers	Pair Corr
0.91	BNL	Broadstone Net Lease	Pair Corr
0.97	BRX	Brixmor Property Sell-off Trend	Pair Corr
0.86	BXP	Boston Properties	Pair Corr
0.93	CCI	Crown Castle Earnings Call This Week	Pair Corr
0.88	CDP	COPT Defense Properties	Pair Corr
0.7	CIO	City Office	Pair Corr

Moving against VICI Stock

0.65	AHT	Ashford Hospitality Trust	Pair Corr
0.63	WHLR	Wheeler Real Estate Trending	Pair Corr
0.58	FPI	Farmland Partners	Pair Corr

Related Correlations Analysis

	BNL	SRC	AHH	BRSP	SAFE	EPRT	CTO	RTL	GOOD
BNL		0.74	0.32	-0.08	0.94	0.93	0.47	0.77	0.88	BNL
SRC	0.74		-0.15	-0.35	0.69	0.72	0.27	0.81	0.78	SRC
AHH	0.32	-0.15		0.33	0.33	0.19	0.18	0.01	0.05	AHH
BRSP	-0.08	-0.35	0.33		-0.23	0.02	-0.44	-0.13	-0.09	BRSP
SAFE	0.94	0.69	0.33	-0.23		0.89	0.57	0.73	0.86	SAFE
EPRT	0.93	0.72	0.19	0.02	0.89		0.31	0.83	0.92	EPRT
CTO	0.47	0.27	0.18	-0.44	0.57	0.31		0.02	0.36	CTO
RTL	0.77	0.81	0.01	-0.13	0.73	0.83	0.02		0.77	RTL
GOOD	0.88	0.78	0.05	-0.09	0.86	0.92	0.36	0.77		GOOD
	BNL	SRC	AHH	BRSP	SAFE	EPRT	CTO	RTL	GOOD

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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

SAFE	+ 0.94	BNL
EPRT	+ 0.93	BNL
GOOD	+ 0.92	EPRT
EPRT	+ 0.89	SAFE
GOOD	+ 0.88	BNL
GOOD	+ 0.86	SAFE

High negative correlations

CTO	- 0.44	BRSP
BRSP	- 0.35	SRC
SAFE	- 0.23	BRSP
AHH	- 0.15	SRC
RTL	- 0.13	BRSP
GOOD	- 0.09	BRSP

Risk-Adjusted Indicators

There is a big difference between VICI Stock performing well and VICI Properties 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 VICI Properties' 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
BNL	0.89	0.16	0.11	0.36	0.83	(1.03)	1.95	(1.38)	7.11
SRC	0.97	0.17	0.06	9.08	0.98	(1.06)	2.34	(1.72)	6.41
AHH	1.11	(0.07)	(0.04)	0.01	2.01	(1.13)	2.20	(2.67)	12.07
BRSP	1.60	(0.22)	0.00	(0.05)	0.00	0.00	3.31	(3.49)	11.03
SAFE	1.52	0.31	0.21	0.35	1.27	(1.80)	3.08	(2.55)	13.38
EPRT	0.92	0.16	0.10	0.32	1.14	(0.97)	2.04	(1.92)	6.39
CTO	1.17	0.17	0.02	(0.86)	2.12	(1.30)	2.60	(1.74)	19.07
RTL	2.22	0.50	0.16	(6.84)	2.16	(2.64)	4.13	(3.45)	25.27
GOOD	0.90	0.10	0.07	0.21	0.98	(1.04)	2.38	(1.68)	7.77

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