Broadstone Net Correlations

BNL Stock

USD 15.35 0.27 1.73%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Broadstone Net moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Broadstone Net Lease moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Broadstone Net Correlation With Market

Weak diversification

The correlation between Broadstone Net Lease and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Broadstone Net Lease 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 Broadstone Net Lease. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Broadstone Stock

0.93	AHH	Armada Hflr Pr Earnings Call This Week	Pair Corr
0.89	OLP	One Liberty Properties	Pair Corr
0.95	RYN	Rayonier	Pair Corr
0.9	GOOD	Gladstone Commercial Earnings Call This Week	Pair Corr
0.77	REGCP	Regency Centers	Pair Corr
0.84	O	Realty Income	Pair Corr
0.91	HR	Healthcare Realty Trust	Pair Corr
0.92	KW	Kennedy Wilson Holdings Earnings Call This Week	Pair Corr
0.72	PK	Park Hotels Resorts	Pair Corr
0.73	RC	Ready Capital Corp	Pair Corr
0.89	UE	Urban Edge Properties	Pair Corr
0.72	WY	Weyerhaeuser	Pair Corr
0.91	ADC-PA	Agree Realty	Pair Corr
0.69	DOUG	Douglas Elliman	Pair Corr
0.67	VNO-PO	Vornado Realty Trust	Pair Corr
0.86	VICI	VICI Properties Earnings Call This Week	Pair Corr
0.78	ELME	Elme Communities Upward Rally	Pair Corr
0.9	EPRT	Essential Properties	Pair Corr

Moving against Broadstone Stock

0.55	DX	Dynex Capital	Pair Corr
0.44	MDRR	Medalist Diversified Reit	Pair Corr
0.43	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.71	MITT-PC	AG Mortgage Investment Earnings Call This Week	Pair Corr
0.6	CDR-PC	Cedar Realty Trust Downward Rally	Pair Corr
0.36	VTMX	Corporacin Inmobiliaria Earnings Call This Week	Pair Corr

Related Correlations Analysis

	SRC	AHH	BRSP	SAFE	EPRT	CTO	AHH-PA	OLP	CTO-PA	MDV
SRC		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SRC
AHH	0.0		0.87	0.93	0.82	0.02	0.75	0.94	0.77	0.79	AHH
BRSP	0.0	0.87		0.89	0.79	0.34	0.72	0.91	0.59	0.82	BRSP
SAFE	0.0	0.93	0.89		0.71	0.18	0.76	0.96	0.63	0.83	SAFE
EPRT	0.0	0.82	0.79	0.71		0.09	0.54	0.79	0.73	0.75	EPRT
CTO	0.0	0.02	0.34	0.18	0.09		0.11	0.22	-0.26	0.28	CTO
AHH-PA	0.0	0.75	0.72	0.76	0.54	0.11		0.73	0.49	0.62	AHH-PA
OLP	0.0	0.94	0.91	0.96	0.79	0.22	0.73		0.66	0.82	OLP
CTO-PA	0.0	0.77	0.59	0.63	0.73	-0.26	0.49	0.66		0.57	CTO-PA
MDV	0.0	0.79	0.82	0.83	0.75	0.28	0.62	0.82	0.57		MDV
	SRC	AHH	BRSP	SAFE	EPRT	CTO	AHH-PA	OLP	CTO-PA	MDV

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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	+ 0.96	SAFE
OLP	+ 0.94	AHH
SAFE	+ 0.93	AHH
OLP	+ 0.91	BRSP
SAFE	+ 0.89	BRSP
BRSP	+ 0.87	AHH

High negative correlations

CTO-PA	- 0.26	CTO
MDV	- 0.0	SRC
CTO-PA	- 0.0	SRC
OLP	- 0.0	SRC
AHH-PA	- 0.0	SRC
CTO	- 0.0	SRC

Risk-Adjusted Indicators

There is a big difference between Broadstone Stock performing well and Broadstone Net 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 Broadstone Net'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
SRC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AHH	0.98	(0.22)	0.00	(0.47)	0.00	0.00	1.69	(2.45)	7.00
BRSP	1.07	(0.04)	0.00	(0.07)	0.00	0.00	2.70	(1.90)	5.63
SAFE	1.75	(0.30)	0.00	(0.41)	0.00	0.00	3.11	(3.99)	11.05
EPRT	1.10	(0.07)	0.00	(0.15)	0.00	0.00	2.29	(2.21)	5.79
CTO	0.86	0.03	0.01	0.08	1.68	(0.73)	1.67	(1.73)	7.75
AHH-PA	0.79	(0.09)	0.00	(0.28)	0.00	0.00	1.57	(1.99)	5.52
OLP	1.01	(0.14)	0.00	(0.31)	0.00	0.00	1.65	(2.80)	7.19
CTO-PA	0.77	(0.18)	0.00	8.64	0.00	0.00	2.03	(1.51)	5.36
MDV	1.22	(0.15)	0.00	(0.36)	0.00	0.00	2.55	(2.88)	9.05

Broadstone Net Corporate Management

Denise BrooksWilliams	Independent Director	Profile
Andrea Wright	Senior Vice President , Property Management	Profile
Agha Khan	Director	Profile
James Watters	Independent Director	Profile
Shekar Narasimhan	Independent Director	Profile
Timothy Dieffenbacher	Senior Vice President Chief Accounting Officer, Treasurer	Profile
Molly Wiegel	Senior Vice President of Human Resources	Profile

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