Broadstone Net Correlations

BNL Stock

USD 17.20 0.34 2.02%

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 0.32 (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

0.8	O	Realty Income	Pair Corr
0.72	DX	Dynex Capital Sell-off Trend	Pair Corr
0.7	HR	Healthcare Realty Trust	Pair Corr
0.61	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.74	VNO-PL	Vornado Realty Trust	Pair Corr
0.63	VNO-PO	Vornado Realty Trust	Pair Corr
0.88	VICI	VICI Properties	Pair Corr
0.74	MITT-PA	AG Mortgage Investment	Pair Corr

Moving against Broadstone Stock

0.74	RC	Ready Capital Corp	Pair Corr
0.73	EQC	Equity Commonwealth	Pair Corr
0.7	IRM	Iron Mountain	Pair Corr
0.7	PK	Park Hotels Resorts	Pair Corr
0.58	PDM	Piedmont Office Realty	Pair Corr
0.48	KRC	Kilroy Realty Corp	Pair Corr
0.48	PW	Power REIT Earnings Call This Week	Pair Corr
0.47	UE	Urban Edge Properties	Pair Corr
0.44	CMCT	Creative Media Community Earnings Call Today	Pair Corr
0.39	DEI	Douglas Emmett	Pair Corr
0.34	CUZ	Cousins Properties	Pair Corr
0.32	UK	Ucommune International	Pair Corr
0.69	EQIX	Equinix	Pair Corr
0.69	ESBA	Empire State Realty	Pair Corr
0.66	VTMX	Corporacin Inmobiliaria	Pair Corr
0.63	ESRT	Empire State Realty	Pair Corr
0.6	EARN	Ellington Residential	Pair Corr
0.59	WETH	Wetouch Technology Common	Pair Corr
0.59	EXPI	eXp World Holdings	Pair Corr
0.53	WHLR	Wheeler Real Estate	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		-0.43	-0.15	-0.09	0.46	0.06	0.19	0.31	-0.45	AHH
BRSP	0.0	-0.43		0.54	0.64	-0.31	0.51	0.4	-0.67	0.45	BRSP
SAFE	0.0	-0.15	0.54		0.16	-0.15	0.7	0.84	-0.04	0.58	SAFE
EPRT	0.0	-0.09	0.64	0.16		-0.15	0.37	0.18	-0.29	0.25	EPRT
CTO	0.0	0.46	-0.31	-0.15	-0.15		-0.13	0.13	0.08	-0.03	CTO
AHH-PA	0.0	0.06	0.51	0.7	0.37	-0.13		0.73	0.04	0.39	AHH-PA
OLP	0.0	0.19	0.4	0.84	0.18	0.13	0.73		0.04	0.48	OLP
CTO-PA	0.0	0.31	-0.67	-0.04	-0.29	0.08	0.04	0.04		-0.16	CTO-PA
MDV	0.0	-0.45	0.45	0.58	0.25	-0.03	0.39	0.48	-0.16		MDV
	SRC	AHH	BRSP	SAFE	EPRT	CTO	AHH-PA	OLP	CTO-PA	MDV

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

OLP	+ 0.84	SAFE
OLP	+ 0.73	AHH-PA
AHH-PA	+ 0.7	SAFE
EPRT	+ 0.64	BRSP
MDV	+ 0.58	SAFE
SAFE	+ 0.54	BRSP

High negative correlations

CTO-PA	- 0.67	BRSP
MDV	- 0.45	AHH
BRSP	- 0.43	AHH
CTO	- 0.31	BRSP
CTO-PA	- 0.29	EPRT
MDV	- 0.16	CTO-PA

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	1.30	(0.42)	0.00	(0.51)	0.00	0.00	2.09	(3.69)	14.92
BRSP	1.15	(0.05)	0.00	19.39	0.00	0.00	2.74	(1.90)	5.52
SAFE	1.87	(0.14)	0.00	(0.28)	0.00	0.00	3.33	(3.99)	11.05
EPRT	1.12	(0.05)	0.00	0.14	0.00	0.00	2.32	(2.41)	5.55
CTO	1.09	(0.03)	0.00	(0.08)	0.00	0.00	1.95	(2.69)	7.86
AHH-PA	0.75	(0.05)	0.00	(0.19)	0.00	0.00	1.99	(1.46)	5.52
OLP	1.14	(0.08)	0.00	(0.16)	0.00	0.00	1.96	(2.87)	6.25
CTO-PA	0.95	(0.03)	0.00	0.14	0.00	0.00	2.28	(1.82)	5.37
MDV	1.56	0.08	0.05	0.07	1.92	(1.68)	3.41	(3.58)	11.04

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

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