Saul Centers Correlations
| BFS-PD Preferred Stock | USD 21.22 0.33 1.58% |
The current 90-days correlation between Saul Centers and Saul Centers is 0.37 (i.e., Weak diversification). The correlation of Saul Centers 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.
Saul Centers Correlation With Market
Average diversification
The correlation between Saul Centers and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Saul Centers and DJI in the same portfolio, assuming nothing else is changed.
Saul |
The ability to find closely correlated positions to Saul Centers could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Saul Centers when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Saul Centers - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Saul Centers to buy it.
Moving together with Saul Preferred Stock
| 0.79 | ADC-PA | Agree Realty | PairCorr |
| 0.9 | BFS-PE | Saul Centers | PairCorr |
| 0.85 | KIM-PL | Kimco Realty | PairCorr |
| 0.64 | KIM-PN | Kimco Realty | PairCorr |
| 0.78 | HR | Healthcare Realty Trust | PairCorr |
| 0.7 | KW | Kennedy Wilson Holdings Earnings Call This Week | PairCorr |
| 0.65 | PK | Park Hotels Resorts Earnings Call Next Week | PairCorr |
| 0.63 | DOUG | Douglas Elliman | PairCorr |
| 0.72 | VICI | VICI Properties Earnings Call This Week | PairCorr |
Moving against Saul Preferred Stock
| 0.49 | WHLRD | Wheeler Real Estate | PairCorr |
| 0.44 | SRG-PA | Seritage Growth Prop | PairCorr |
| 0.43 | WHLRP | Wheeler Real Estate | PairCorr |
| 0.4 | DX | Dynex Capital | PairCorr |
| 0.39 | CDR-PC | Cedar Realty Trust Downward Rally | PairCorr |
| 0.55 | VTMX | Corporacin Inmobiliaria Earnings Call This Week | PairCorr |
| 0.51 | MITT-PC | AG Mortgage Investment Earnings Call This Week | PairCorr |
| 0.46 | AHT-PD | Ashford Hospitality Trust | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.56 | 0.22 | 0.51 | BFS-PE | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | UBP | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | UBA | ||
| 0.56 | 0.0 | 0.0 | 0.64 | 0.94 | BFS | ||
| 0.22 | 0.0 | 0.0 | 0.64 | 0.69 | REG | ||
| 0.51 | 0.0 | 0.0 | 0.94 | 0.69 | UE | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Saul Preferred Stock performing well and Saul Centers 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 Saul Centers' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BFS-PE | 1.14 | (0.06) | 0.00 | (0.11) | 0.00 | 2.02 | 7.51 | |||
| UBP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| UBA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BFS | 0.86 | (0.19) | 0.00 | (0.43) | 0.00 | 1.19 | 5.88 | |||
| REG | 0.84 | (0.03) | 0.00 | (0.07) | 0.00 | 1.76 | 4.58 | |||
| UE | 1.10 | (0.18) | 0.00 | (0.31) | 0.00 | 1.98 | 5.74 |
Be your own money manager
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Saul Centers Corporate Management
| Bernard II | Chairman CEO | Profile | |
| David Pearson | Pres COO | Profile | |
| Christine Kearns | Exec Officer | Profile | |
| Christopher Netter | Ex Leasing | Profile | |
| Willoughby Laycock | Market Design | Profile | |
| Keith Brown | VP Officer | Profile | |
| Carlos Heard | VP CFO | Profile |