EastGroup Properties Correlations

EGP Stock

USD 172.21 1.63 0.94%

The current 90-days correlation between EastGroup Properties and Terreno Realty is 0.72 (i.e., Poor diversification). The correlation of EastGroup Properties 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.

EastGroup Properties Correlation With Market

Very weak diversification

The correlation between EastGroup Properties and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EastGroup Properties 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 EastGroup 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 price.

To learn how to invest in EastGroup Stock, please use our How to Invest in EastGroup Properties guide.

Moving together with EastGroup Stock

0.74	O	Realty Income	Pair Corr
0.73	MPW	Medical Properties Trust Aggressive Push	Pair Corr
0.72	NHI	National Health Investors	Pair Corr
0.81	NNN	National Retail Prop	Pair Corr
0.89	UHT	Universal Health Realty	Pair Corr
0.91	WPC	W P Carey	Pair Corr
0.77	GMRE	Global Medical REIT	Pair Corr
0.91	STAG	STAG Industrial	Pair Corr
0.93	FR	First Industrial Realty	Pair Corr
0.73	RC	Ready Capital Corp	Pair Corr
0.84	UK	Ucommune International	Pair Corr
0.76	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.75	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.67	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.62	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.86	AHT-PG	Ashford Hospitality Trust	Pair Corr

Moving against EastGroup Stock

0.66	SLG	SL Green Realty Fiscal Year End 22nd of January 2025	Pair Corr
0.59	LTC	LTC Properties	Pair Corr
0.43	DRH	Diamondrock Hospitality	Pair Corr
0.35	SBRA	Sabra Healthcare REIT	Pair Corr
0.31	OHI	Omega Healthcare Inv Sell-off Trend	Pair Corr
0.75	UE	Urban Edge Properties	Pair Corr
0.72	MITT-PC	AG Mortgage Investment	Pair Corr
0.72	WELL	Welltower	Pair Corr
0.64	EQIX	Equinix	Pair Corr
0.6	CDR-PB	Cedar Realty Trust	Pair Corr
0.57	CDR-PC	Cedar Realty Trust	Pair Corr
0.5	DOUG	Douglas Elliman	Pair Corr
0.41	EMITF	Elbit Imaging	Pair Corr
0.4	MITT-PB	AG Mortgage Investment	Pair Corr

Related Correlations Analysis

	TRNO	PLYM	LXP	FR	REXR	INDT	COLD
TRNO		0.91	0.93	0.93	0.96	-0.85	0.87	TRNO
PLYM	0.91		0.94	0.85	0.91	-0.91	0.93	PLYM
LXP	0.93	0.94		0.91	0.9	-0.85	0.84	LXP
FR	0.93	0.85	0.91		0.9	-0.76	0.84	FR
REXR	0.96	0.91	0.9	0.9		-0.82	0.91	REXR
INDT	-0.85	-0.91	-0.85	-0.76	-0.82		-0.83	INDT
COLD	0.87	0.93	0.84	0.84	0.91	-0.83		COLD
	TRNO	PLYM	LXP	FR	REXR	INDT	COLD

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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

REXR	+ 0.96	TRNO
LXP	+ 0.94	PLYM
LXP	+ 0.93	TRNO
FR	+ 0.93	TRNO
COLD	+ 0.93	PLYM
PLYM	+ 0.91	TRNO

High negative correlations

INDT	- 0.91	PLYM
INDT	- 0.85	LXP
INDT	- 0.85	TRNO
COLD	- 0.83	INDT
INDT	- 0.82	REXR
INDT	- 0.76	FR

Risk-Adjusted Indicators

There is a big difference between EastGroup Stock performing well and EastGroup Properties 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 EastGroup Properties' 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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TRNO	0.99	(0.22)	0.00	(0.53)	0.00	1.47	(2.26)	8.19
PLYM	1.09	(0.49)	0.00	(0.30)	0.00	1.28	(3.15)	10.73
LXP	0.88	(0.25)	0.00	(0.15)	0.00	1.50	(2.08)	7.57
FR	0.84	(0.12)	0.00	(0.14)	0.00	1.48	(1.78)	3.74
REXR	1.28	(0.31)	0.00	(0.93)	0.00	2.08	(2.76)	12.54
INDT	0.06	0.02	(1.61)	(1.24)	(0.08)	0.15	(0.08)	0.48
COLD	1.09	(0.30)	0.00	(4.03)	0.00	1.65	(2.24)	9.93

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