American Assets Correlations

AAT Stock

USD 20.25 0.26 1.27%

The current 90-days correlation between American Assets Trust and Essential Properties Realty is 0.59 (i.e., Very weak diversification). The correlation of American Assets 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.

American Assets Correlation With Market

Weak diversification

The correlation between American Assets Trust 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 American Assets Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Assets Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with American Stock

0.8	CIO	City Office	Pair Corr
0.89	DEI	Douglas Emmett	Pair Corr
0.64	EQC	Equity Commonwealth	Pair Corr
0.71	HIW	Highwoods Properties	Pair Corr
0.82	IRM	Iron Mountain	Pair Corr
0.95	KRC	Kilroy Realty Corp	Pair Corr
0.93	PDM	Piedmont Office Realty	Pair Corr
0.86	CMCT	Creative Media Community Earnings Call Tomorrow	Pair Corr
0.69	KW	Kennedy Wilson Holdings	Pair Corr
0.94	PK	Park Hotels Resorts	Pair Corr
0.73	RC	Ready Capital Corp	Pair Corr
0.79	UE	Urban Edge Properties	Pair Corr

Moving against American Stock

0.93	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.9	DX	Dynex Capital	Pair Corr
0.88	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.87	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.84	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.84	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.77	FR	First Industrial Realty	Pair Corr
0.75	O	Realty Income	Pair Corr
0.47	WY	Weyerhaeuser	Pair Corr
0.86	WELL	Welltower	Pair Corr
0.84	MITT-PC	AG Mortgage Investment	Pair Corr
0.82	CDR-PC	Cedar Realty Trust	Pair Corr
0.77	MITT-PA	AG Mortgage Investment	Pair Corr
0.77	FBRT	Franklin BSP Realty Potential Growth	Pair Corr
0.75	CDR-PB	Cedar Realty Trust	Pair Corr
0.74	VICI	VICI Properties	Pair Corr
0.73	ELME	Elme Communities	Pair Corr
0.71	MITT-PB	AG Mortgage Investment	Pair Corr
0.57	NREF-PA	NexPoint Real Estate	Pair Corr
0.55	FCPT	Four Corners Property	Pair Corr
0.4	VNO-PL	Vornado Realty Trust	Pair Corr

Related Correlations Analysis

	EPRT	SRC	AHH	CTO	BRSP	AHH-PA	BNL	OLP	MDV	GOODN
EPRT		0.0	-0.08	-0.02	0.64	0.33	0.53	0.29	0.28	0.15	EPRT
SRC	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SRC
AHH	-0.08	0.0		0.5	-0.41	0.14	-0.65	0.27	-0.38	-0.59	AHH
CTO	-0.02	0.0	0.5		-0.19	-0.08	-0.51	0.17	-0.02	-0.12	CTO
BRSP	0.64	0.0	-0.41	-0.19		0.44	0.69	0.42	0.45	0.22	BRSP
AHH-PA	0.33	0.0	0.14	-0.08	0.44		0.39	0.76	0.41	-0.22	AHH-PA
BNL	0.53	0.0	-0.65	-0.51	0.69	0.39		0.35	0.6	0.35	BNL
OLP	0.29	0.0	0.27	0.17	0.42	0.76	0.35		0.5	-0.32	OLP
MDV	0.28	0.0	-0.38	-0.02	0.45	0.41	0.6	0.5		0.14	MDV
GOODN	0.15	0.0	-0.59	-0.12	0.22	-0.22	0.35	-0.32	0.14		GOODN
	EPRT	SRC	AHH	CTO	BRSP	AHH-PA	BNL	OLP	MDV	GOODN

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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

OLP	+ 0.76	AHH-PA
BNL	+ 0.69	BRSP
BRSP	+ 0.64	EPRT
MDV	+ 0.6	BNL
BNL	+ 0.53	EPRT
CTO	+ 0.5	AHH

High negative correlations

BNL	- 0.65	AHH
GOODN	- 0.59	AHH
BNL	- 0.51	CTO
BRSP	- 0.41	AHH
MDV	- 0.38	AHH
GOODN	- 0.32	OLP

Risk-Adjusted Indicators

There is a big difference between American Stock performing well and American Assets 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 American Assets' 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
EPRT	1.12	0.01	0.00	(0.05)	0.00	0.00	2.32	(2.41)	5.55
SRC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AHH	1.27	(0.43)	0.00	(0.59)	0.00	0.00	1.95	(3.69)	14.92
CTO	1.09	(0.02)	0.00	(0.10)	0.00	0.00	1.86	(2.69)	7.86
BRSP	1.15	(0.01)	0.00	(0.08)	0.00	0.00	2.74	(1.90)	5.52
AHH-PA	0.75	(0.04)	0.00	(0.18)	0.00	0.00	1.99	(1.46)	5.52
BNL	1.04	0.05	0.07	0.05	1.28	(1.14)	2.15	(2.29)	4.51
OLP	1.13	(0.08)	0.00	(0.20)	0.00	0.00	1.96	(2.87)	6.25
MDV	1.52	0.06	0.04	0.02	1.93	(1.60)	3.41	(3.58)	11.04
GOODN	0.68	0.01	0.06	(0.01)	1.00	(0.69)	1.34	(1.09)	4.42

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