Brixmor Property Correlations

BRX Stock

USD 27.49 0.11 0.40%

The current 90-days correlation between Brixmor Property and Kite Realty Group is 0.8 (i.e., Very poor diversification). The correlation of Brixmor Property 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.

Brixmor Property Correlation With Market

Modest diversification

The correlation between Brixmor Property and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brixmor Property 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 Brixmor Property. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Brixmor Stock please use our How to Invest in Brixmor Property guide.

Moving together with Brixmor Stock

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

Moving against Brixmor Stock

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

Related Correlations Analysis

	SITC	RPT	AKR	NTST	UE	KRG	ROIC	IVT	ALEX	FCPT
SITC		-0.29	0.65	0.76	0.77	0.84	-0.8	0.39	0.66	0.54	SITC
RPT	-0.29		0.17	0.13	0.05	-0.13	0.34	0.33	0.19	0.39	RPT
AKR	0.65	0.17		0.77	0.96	0.88	-0.72	0.83	0.87	0.71	AKR
NTST	0.76	0.13	0.77		0.8	0.82	-0.66	0.64	0.92	0.88	NTST
UE	0.77	0.05	0.96	0.8		0.95	-0.85	0.75	0.86	0.66	UE
KRG	0.84	-0.13	0.88	0.82	0.95		-0.93	0.64	0.84	0.6	KRG
ROIC	-0.8	0.34	-0.72	-0.66	-0.85	-0.93		-0.46	-0.69	-0.37	ROIC
IVT	0.39	0.33	0.83	0.64	0.75	0.64	-0.46		0.83	0.65	IVT
ALEX	0.66	0.19	0.87	0.92	0.86	0.84	-0.69	0.83		0.82	ALEX
FCPT	0.54	0.39	0.71	0.88	0.66	0.6	-0.37	0.65	0.82		FCPT
	SITC	RPT	AKR	NTST	UE	KRG	ROIC	IVT	ALEX	FCPT

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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

UE	+ 0.96	AKR
KRG	+ 0.95	UE
ALEX	+ 0.92	NTST
KRG	+ 0.88	AKR
FCPT	+ 0.88	NTST
ALEX	+ 0.87	AKR

High negative correlations

ROIC	- 0.93	KRG
ROIC	- 0.85	UE
ROIC	- 0.8	SITC
ROIC	- 0.72	AKR
ALEX	- 0.69	ROIC
ROIC	- 0.66	NTST

Risk-Adjusted Indicators

There is a big difference between Brixmor Stock performing well and Brixmor Property 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 Brixmor Property'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
SITC	1.03	(0.11)	0.00	(0.29)	0.00	0.00	2.91	(2.15)	6.86
RPT	1.77	0.12	0.06	(1.53)	1.78	(2.14)	4.18	(3.04)	11.82
AKR	1.20	(0.10)	0.00	(0.13)	0.00	0.00	2.14	(2.97)	7.30
NTST	1.17	(0.07)	0.00	(0.15)	0.00	0.00	2.88	(3.01)	7.44
UE	1.13	(0.16)	0.00	(0.28)	0.00	0.00	1.98	(2.67)	7.23
KRG	1.16	(0.27)	0.00	(0.38)	0.00	0.00	1.93	(3.16)	6.39
ROIC	0.10	0.02	0.08	(0.90)	0.00	(0.13)	0.23	(0.17)	0.58
IVT	0.89	(0.02)	0.00	0.07	0.00	0.00	1.60	(2.01)	5.29
ALEX	0.79	(0.11)	0.00	1.75	0.00	0.00	1.28	(1.67)	5.01
FCPT	0.94	0.01	0.00	0.02	1.33	(0.88)	1.98	(2.29)	4.73

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