Agree Realty Correlations

ADC Stock

USD 76.01 1.01 1.31%

The current 90-days correlation between Agree Realty and Federal Realty Investment is 0.59 (i.e., Very weak diversification). The correlation of Agree Realty 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.

Agree Realty Correlation With Market

Good diversification

The correlation between Agree Realty and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Agree Realty 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 Agree 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 unemployment.

For information on how to trade Agree Stock refer to our How to Trade Agree Stock guide.

Moving together with Agree Stock

0.88	O	Realty Income	Pair Corr
0.73	CDR-PB	Cedar Realty Trust	Pair Corr
0.81	CDR-PC	Cedar Realty Trust	Pair Corr
0.95	NTST	Netstreit Corp	Pair Corr
0.78	FCPT	Four Corners Property	Pair Corr
0.74	ALX	Alexanders	Pair Corr
0.69	GTY	Getty Realty	Pair Corr
0.76	NNN	National Retail Prop	Pair Corr
0.63	KIM-PL	Kimco Realty	Pair Corr

Moving against Agree Stock

0.82	WHLR	Wheeler Real Estate	Pair Corr
0.75	MAC	Macerich	Pair Corr
0.65	KIM	Kimco Realty	Pair Corr
0.64	FRT	Federal Realty Investment	Pair Corr
0.63	UE	Urban Edge Properties	Pair Corr
0.63	KRG	Kite Realty Group	Pair Corr
0.6	AKR	Acadia Realty Trust	Pair Corr
0.42	BFS	Saul Centers	Pair Corr
0.83	SRG	Seritage Growth Prop	Pair Corr
0.82	SITC	Site Centers Corp	Pair Corr
0.46	PECO	Phillips Edison	Pair Corr

Related Correlations Analysis

	FRT	REG	NTST	KIM	BFS	UE	RPT	SITC	KRG	NNN
FRT		0.2	-0.59	0.87	0.66	0.73	-0.06	0.84	0.77	-0.54	FRT
REG	0.2		0.3	0.06	0.27	0.23	0.73	-0.23	0.03	0.64	REG
NTST	-0.59	0.3		-0.52	-0.31	-0.64	0.4	-0.76	-0.49	0.7	NTST
KIM	0.87	0.06	-0.52		0.78	0.65	-0.34	0.8	0.94	-0.52	KIM
BFS	0.66	0.27	-0.31	0.78		0.57	-0.15	0.46	0.83	-0.18	BFS
UE	0.73	0.23	-0.64	0.65	0.57		0.01	0.59	0.62	-0.31	UE
RPT	-0.06	0.73	0.4	-0.34	-0.15	0.01		-0.42	-0.38	0.65	RPT
SITC	0.84	-0.23	-0.76	0.8	0.46	0.59	-0.42		0.68	-0.77	SITC
KRG	0.77	0.03	-0.49	0.94	0.83	0.62	-0.38	0.68		-0.5	KRG
NNN	-0.54	0.64	0.7	-0.52	-0.18	-0.31	0.65	-0.77	-0.5		NNN
	FRT	REG	NTST	KIM	BFS	UE	RPT	SITC	KRG	NNN

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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

KRG	+ 0.94	KIM
KIM	+ 0.87	FRT
SITC	+ 0.84	FRT
KRG	+ 0.83	BFS
SITC	+ 0.8	KIM
BFS	+ 0.78	KIM

High negative correlations

NNN	- 0.77	SITC
SITC	- 0.76	NTST
UE	- 0.64	NTST
NTST	- 0.59	FRT
NNN	- 0.54	FRT
NNN	- 0.52	KIM

Risk-Adjusted Indicators

There is a big difference between Agree Stock performing well and Agree Realty 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 Agree Realty'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	1.08	(0.22)	0.00	1.39	0.00	0.00	1.54	(2.52)	9.26
REG	0.95	(0.05)	0.00	0.09	0.00	0.00	1.51	(2.32)	6.34
NTST	1.09	0.15	0.15	(1.82)	1.29	(1.22)	2.92	(2.16)	7.48
KIM	1.10	(0.17)	0.00	1.35	0.00	0.00	2.14	(2.84)	5.80
BFS	0.91	(0.11)	0.00	0.54	0.00	0.00	1.46	(1.87)	4.29
UE	1.24	(0.16)	0.00	(0.30)	0.00	0.00	2.08	(2.73)	7.21
RPT	1.80	0.06	0.07	(2.04)	1.90	(2.23)	4.18	(3.57)	11.82
SITC	1.16	(0.33)	0.00	1.10	0.00	0.00	1.77	(2.91)	8.55
KRG	1.28	(0.18)	0.00	1.56	0.00	0.00	2.24	(3.01)	6.49
NNN	1.05	0.08	0.11	(5.06)	1.26	(1.01)	1.98	(2.04)	7.72

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