Acadia Realty Correlations

AKR Stock

USD 21.09 0.39 1.82%

The current 90-days correlation between Acadia Realty Trust and Urban Edge Properties is 0.87 (i.e., Very poor diversification). The correlation of Acadia 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Acadia Realty Correlation With Market

Very weak diversification

The correlation between Acadia Realty Trust and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acadia Realty 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 Acadia Realty 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 industry.

Moving together with Acadia Stock

0.97	UE	Urban Edge Properties	Pair Corr
0.82	EQIX	Equinix	Pair Corr
0.76	BFS	Saul Centers	Pair Corr
0.81	BRX	Brixmor Property	Pair Corr
0.65	CIO	City Office	Pair Corr
0.61	CUZ	Cousins Properties	Pair Corr
0.79	DEI	Douglas Emmett	Pair Corr
0.61	DLR	Digital Realty Trust	Pair Corr
0.63	EQC	Equity Commonwealth	Pair Corr
0.62	FSP	Franklin Street Prop	Pair Corr
0.87	IVT	Inventrust Properties	Pair Corr
0.64	KRC	Kilroy Realty Corp	Pair Corr
0.78	KRG	Kite Realty Group	Pair Corr
0.81	PGRE	Paramount Group	Pair Corr
0.73	SITC	Site Centers Corp	Pair Corr
0.71	CMCT	Creative Media Community Earnings Call This Week	Pair Corr
0.64	KW	Kennedy Wilson Holdings	Pair Corr
0.72	PK	Park Hotels Resorts	Pair Corr
0.71	RC	Ready Capital Corp	Pair Corr

Moving against Acadia Stock

0.51	AMT	American Tower Corp	Pair Corr
0.45	CCI	Crown Castle	Pair Corr
0.45	NTST	Netstreit Corp	Pair Corr
0.43	O	Realty Income	Pair Corr
0.39	HASI	Hannon Armstrong Sus	Pair Corr
0.38	CSGP	CoStar Group	Pair Corr
0.33	SBAC	SBA Communications Corp	Pair Corr
0.32	GLPI	Gaming Leisure Properties	Pair Corr
0.58	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.54	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.52	DX	Dynex Capital	Pair Corr
0.5	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.48	MITT-PC	AG Mortgage Investment	Pair Corr
0.47	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.46	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.43	VICI	VICI Properties	Pair Corr
0.38	MITT-PA	AG Mortgage Investment	Pair Corr
0.34	ELME	Elme Communities	Pair Corr

Related Correlations Analysis

	RPT	UBP	UE	KRG	SITC	ROIC	IVT	BFS	BRX	NTST
RPT		0.0	-0.12	-0.43	-0.43	0.65	0.19	-0.25	0.26	0.37	RPT
UBP	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	UBP
UE	-0.12	0.0		0.86	0.74	-0.72	0.79	0.84	0.8	-0.45	UE
KRG	-0.43	0.0	0.86		0.69	-0.84	0.56	0.88	0.52	-0.34	KRG
SITC	-0.43	0.0	0.74	0.69		-0.83	0.54	0.51	0.37	-0.7	SITC
ROIC	0.65	0.0	-0.72	-0.84	-0.83		-0.34	-0.67	-0.3	0.65	ROIC
IVT	0.19	0.0	0.79	0.56	0.54	-0.34		0.53	0.76	-0.23	IVT
BFS	-0.25	0.0	0.84	0.88	0.51	-0.67	0.53		0.61	-0.14	BFS
BRX	0.26	0.0	0.8	0.52	0.37	-0.3	0.76	0.61		-0.21	BRX
NTST	0.37	0.0	-0.45	-0.34	-0.7	0.65	-0.23	-0.14	-0.21		NTST
	RPT	UBP	UE	KRG	SITC	ROIC	IVT	BFS	BRX	NTST

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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

BFS	+ 0.88	KRG
KRG	+ 0.86	UE
BFS	+ 0.84	UE
BRX	+ 0.8	UE
IVT	+ 0.79	UE
BRX	+ 0.76	IVT

High negative correlations

ROIC	- 0.84	KRG
ROIC	- 0.83	SITC
ROIC	- 0.72	UE
NTST	- 0.7	SITC
BFS	- 0.67	ROIC
NTST	- 0.45	UE

Risk-Adjusted Indicators

There is a big difference between Acadia Stock performing well and Acadia 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 Acadia 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
RPT	1.88	0.13	0.06	0.05	1.93	(2.36)	4.43	(3.57)	11.82
UBP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UE	1.26	(0.20)	0.00	(0.31)	0.00	0.00	2.00	(2.73)	7.21
KRG	1.32	(0.18)	0.00	(0.28)	0.00	0.00	2.40	(3.16)	6.49
SITC	1.15	(0.25)	0.00	(0.44)	0.00	0.00	2.14	(2.91)	8.55
ROIC	0.10	0.02	0.66	1.54	0.00	(0.13)	0.23	(0.17)	0.58
IVT	0.96	(0.08)	0.00	(0.22)	0.00	0.00	1.57	(2.09)	4.36
BFS	0.93	(0.13)	0.00	(0.34)	0.00	0.00	1.46	(2.42)	4.29
BRX	1.16	(0.13)	0.00	(0.28)	0.00	0.00	1.92	(2.41)	6.74
NTST	1.20	0.05	0.05	0.07	1.65	(1.24)	2.92	(2.98)	7.48

Acadia Realty Corporate Management

Jason Esq	Corporate VP	Profile
Lorrence Kellar	Independent Trustee	Profile
Reginald Livingston	Executive Officer	Profile
Lee Wielansky	Lead Independent Trustee	Profile
Joseph Hogan	Senior Construction	Profile
Kenneth McIntyre	Independent Trustee	Profile

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