CBL Associates Correlations

CBL Stock

USD 26.78 0.47 1.72%

The current 90-days correlation between CBL Associates Properties and Kite Realty Group is 0.35 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CBL Associates moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CBL Associates Properties moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

CBL Associates Correlation With Market

Very weak diversification

The correlation between CBL Associates Properties and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CBL Associates Properties 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 CBL Associates Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with CBL Stock

0.72	FRPH	Frp Holdings Ord	Pair Corr
0.63	NMRK	Newmark Group	Pair Corr

Moving against CBL Stock

0.4

VNO-PO

Vornado Realty Trust

Pair Corr

Related Correlations Analysis

	KRG	SITC	UE	AKR	BFS	ALX	IVT	RPT	BRX	NTST
KRG		0.68	0.83	0.72	0.85	-0.46	0.47	-0.42	0.36	-0.45	KRG
SITC	0.68		0.76	0.75	0.53	-0.81	0.52	-0.4	0.28	-0.77	SITC
UE	0.83	0.76		0.96	0.81	-0.36	0.74	-0.08	0.68	-0.6	UE
AKR	0.72	0.75	0.96		0.73	-0.36	0.82	0.02	0.68	-0.6	AKR
BFS	0.85	0.53	0.81	0.73		-0.19	0.42	-0.22	0.47	-0.32	BFS
ALX	-0.46	-0.81	-0.36	-0.36	-0.19		-0.18	0.59	0.15	0.72	ALX
IVT	0.47	0.52	0.74	0.82	0.42	-0.18		0.25	0.53	-0.31	IVT
RPT	-0.42	-0.4	-0.08	0.02	-0.22	0.59	0.25		0.25	0.35	RPT
BRX	0.36	0.28	0.68	0.68	0.47	0.15	0.53	0.25		-0.37	BRX
NTST	-0.45	-0.77	-0.6	-0.6	-0.32	0.72	-0.31	0.35	-0.37		NTST
	KRG	SITC	UE	AKR	BFS	ALX	IVT	RPT	BRX	NTST

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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

AKR	+ 0.96	UE
BFS	+ 0.85	KRG
UE	+ 0.83	KRG
IVT	+ 0.82	AKR
BFS	+ 0.81	UE
UE	+ 0.76	SITC

High negative correlations

ALX	- 0.81	SITC
NTST	- 0.77	SITC
NTST	- 0.6	AKR
NTST	- 0.6	UE
ALX	- 0.46	KRG
NTST	- 0.45	KRG

Risk-Adjusted Indicators

There is a big difference between CBL Stock performing well and CBL Associates 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 CBL Associates' 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
KRG	1.36	(0.20)	0.00	(0.19)	0.00	0.00	2.56	(3.16)	6.49
SITC	1.20	(0.26)	0.00	(0.31)	0.00	0.00	2.65	(2.91)	8.55
UE	1.25	(0.23)	0.00	(0.24)	0.00	0.00	2.08	(2.73)	7.21
AKR	1.33	(0.24)	0.00	(0.24)	0.00	0.00	2.14	(2.97)	7.30
BFS	0.97	(0.17)	0.00	(0.30)	0.00	0.00	1.46	(2.42)	4.29
ALX	1.31	0.01	0.00	0.03	1.92	(1.22)	2.56	(2.77)	6.16
IVT	0.99	(0.07)	0.00	(0.12)	0.00	0.00	1.62	(2.09)	4.36
RPT	1.85	0.08	0.04	0.08	1.89	(2.36)	4.43	(3.57)	11.82
BRX	1.18	(0.14)	0.00	0.31	0.00	0.00	1.95	(2.41)	6.74
NTST	1.20	0.06	0.03	0.13	1.66	(1.24)	2.92	(2.98)	7.48

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