Acadia Realty Correlations

AKR Stock

USD 23.19 0.11 0.48%

The current 90-days correlation between Acadia Realty Trust and Urban Edge Properties is 0.86 (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

Weak diversification

The correlation between Acadia Realty Trust and DJI is 0.35 (i.e., 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

0.68	PK	Park Hotels Resorts	Pair Corr
0.7	ESBA	Empire State Realty	Pair Corr
0.7	WHLR	Wheeler Real Estate Earnings Call This Week	Pair Corr
0.7	ARE	Alexandria Real Estate	Pair Corr
0.82	BNL	Broadstone Net Lease	Pair Corr
0.88	BXP	Boston Properties	Pair Corr
0.62	DEA	Eerly Govt Ppty Buyout Trend	Pair Corr
0.79	DEI	Douglas Emmett	Pair Corr
0.72	GTY	Getty Realty	Pair Corr
0.78	HIW	Highwoods Properties Sell-off Trend	Pair Corr
0.68	HPP	Hudson Pacific Properties	Pair Corr
0.88	KRG	Kite Realty Group	Pair Corr
0.94	OLP	One Liberty Properties Earnings Call This Week	Pair Corr
0.85	OPI	Office Properties Income	Pair Corr
0.85	RHP	Ryman Hospitality	Pair Corr
0.87	SLG	SL Green Realty	Pair Corr
0.9	INVH	Invitation Homes	Pair Corr
0.7	JBGS	JBG SMITH Properties	Pair Corr
0.81	PSTL	Postal Realty Trust	Pair Corr
0.8	CMCT	Creative Media Community	Pair Corr
0.85	HR	Healthcare Realty Trust	Pair Corr
0.89	KW	Kennedy Wilson Holdings	Pair Corr
0.7	OZ	Belpointe PREP LLC	Pair Corr
0.7	RC	Ready Capital Corp	Pair Corr
0.95	UE	Urban Edge Properties	Pair Corr

Moving against Acadia Stock

0.53	AIV	Apartment Investment and	Pair Corr
0.39	DX	Dynex Capital Sell-off Trend	Pair Corr
0.49	AHT-PD	Ashford Hospitality Trust	Pair Corr

Related Correlations Analysis

	RPT	UBP	UE	KRG	SITC	ROIC	IVT	BFS	BRX	NTST
RPT		0.0	0.06	-0.12	-0.23	0.34	0.33	-0.06	0.17	0.13	RPT
UBP	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	UBP
UE	0.06	0.0		0.95	0.78	-0.85	0.81	0.94	0.94	0.8	UE
KRG	-0.12	0.0	0.95		0.84	-0.93	0.7	0.96	0.87	0.84	KRG
SITC	-0.23	0.0	0.78	0.84		-0.81	0.53	0.77	0.68	0.79	SITC
ROIC	0.34	0.0	-0.85	-0.93	-0.81		-0.46	-0.87	-0.75	-0.69	ROIC
IVT	0.33	0.0	0.81	0.7	0.53	-0.46		0.74	0.83	0.72	IVT
BFS	-0.06	0.0	0.94	0.96	0.77	-0.87	0.74		0.88	0.82	BFS
BRX	0.17	0.0	0.94	0.87	0.68	-0.75	0.83	0.88		0.82	BRX
NTST	0.13	0.0	0.8	0.84	0.79	-0.69	0.72	0.82	0.82		NTST
	RPT	UBP	UE	KRG	SITC	ROIC	IVT	BFS	BRX	NTST

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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	+ 0.96	KRG
KRG	+ 0.95	UE
BFS	+ 0.94	UE
BRX	+ 0.94	UE
BRX	+ 0.88	BFS
BRX	+ 0.87	KRG

High negative correlations

ROIC	- 0.93	KRG
BFS	- 0.87	ROIC
ROIC	- 0.85	UE
ROIC	- 0.81	SITC
BRX	- 0.75	ROIC
NTST	- 0.69	ROIC

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	1.77	0.12	0.06	0.12	1.78	(2.14)	4.18	(3.04)	11.82
UBP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UE	1.12	(0.17)	0.00	(0.31)	0.00	0.00	1.98	(2.67)	7.23
KRG	1.15	(0.27)	0.00	(0.41)	0.00	0.00	1.93	(3.16)	6.39
SITC	1.04	(0.10)	0.00	(0.26)	0.00	0.00	2.91	(2.15)	6.86
ROIC	0.10	0.02	0.16	11.01	0.00	(0.13)	0.23	(0.17)	0.58
IVT	0.89	(0.02)	0.00	(0.06)	0.00	0.00	1.60	(2.01)	5.29
BFS	0.83	(0.11)	0.00	(0.31)	0.00	0.00	1.19	(2.42)	5.88
BRX	1.07	(0.06)	0.00	(0.18)	0.00	0.00	1.92	(2.05)	5.53
NTST	1.13	(0.10)	0.00	(0.27)	0.00	0.00	2.60	(3.01)	7.44

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC