Eerly Govt Correlations

DEA Stock

USD 10.44 0.15 1.42%

The current 90-days correlation between Eerly Govt Ppty and Piedmont Office Realty is -0.02 (i.e., Good diversification). The correlation of Eerly Govt 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.

Eerly Govt Correlation With Market

Good diversification

The correlation between Eerly Govt Ppty and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eerly Govt Ppty and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eerly Govt Ppty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Eerly Stock

0.61

ESRT

Empire State Realty

Pair Corr

Moving against Eerly Stock

0.56	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.54	DX	Dynex Capital	Pair Corr
0.48	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.46	MITT-PB	AG Mortgage Investment	Pair Corr
0.45	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.44	FR	First Industrial Realty	Pair Corr
0.44	MITT-PA	AG Mortgage Investment	Pair Corr
0.38	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.38	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.33	DOUG	Douglas Elliman	Pair Corr
0.54	WELL	Welltower	Pair Corr
0.47	ACR	Acres Commercial Realty	Pair Corr
0.44	ELME	Elme Communities	Pair Corr
0.4	MITT-PC	AG Mortgage Investment	Pair Corr
0.39	FBRT	Franklin BSP Realty Potential Growth	Pair Corr
0.32	CDR-PB	Cedar Realty Trust	Pair Corr

Related Correlations Analysis

	OFC	EQC	HIW	PDM	BDN	CIO	VNO	SLG	ARE	KRC
OFC		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	OFC
EQC	0.0		0.3	0.58	0.64	0.33	0.52	0.55	-0.37	0.59	EQC
HIW	0.0	0.3		0.59	0.67	0.72	0.46	0.72	0.37	0.7	HIW
PDM	0.0	0.58	0.59		0.91	0.73	0.64	0.78	0.04	0.95	PDM
BDN	0.0	0.64	0.67	0.91		0.74	0.74	0.88	0.03	0.94	BDN
CIO	0.0	0.33	0.72	0.73	0.74		0.56	0.79	0.22	0.77	CIO
VNO	0.0	0.52	0.46	0.64	0.74	0.56		0.82	-0.14	0.67	VNO
SLG	0.0	0.55	0.72	0.78	0.88	0.79	0.82		0.09	0.82	SLG
ARE	0.0	-0.37	0.37	0.04	0.03	0.22	-0.14	0.09		0.08	ARE
KRC	0.0	0.59	0.7	0.95	0.94	0.77	0.67	0.82	0.08		KRC
	OFC	EQC	HIW	PDM	BDN	CIO	VNO	SLG	ARE	KRC

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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

KRC	+ 0.95	PDM
KRC	+ 0.94	BDN
BDN	+ 0.91	PDM
SLG	+ 0.88	BDN
SLG	+ 0.82	VNO
KRC	+ 0.82	SLG

High negative correlations

ARE	- 0.37	EQC
ARE	- 0.14	VNO
KRC	- 0.0	OFC
ARE	- 0.0	OFC
SLG	- 0.0	OFC
VNO	- 0.0	OFC

Risk-Adjusted Indicators

There is a big difference between Eerly Stock performing well and Eerly Govt 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 Eerly Govt'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
OFC	0.00	0.00	0.00	0.00	0.00	0.00
EQC	1.28	(0.02)	(0.11)	2.38	(2.33)	9.98
HIW	1.33	(0.01)	(0.08)	2.75	(2.84)	7.07
PDM	1.67	(0.23)	(0.32)	2.91	(3.74)	12.31
BDN	1.64	(0.17)	(0.25)	2.64	(4.27)	10.62
CIO	1.58	(0.10)	(0.18)	3.57	(3.73)	9.02
VNO	2.12	(0.21)	0.33	3.70	(5.21)	11.30
SLG	1.72	(0.22)	(0.26)	2.90	(3.81)	9.07
ARE	1.22	(0.02)	(0.10)	2.70	(2.84)	7.58
KRC	1.90	(0.15)	(0.21)	3.44	(3.90)	9.74

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