Global Net Correlations

GNL Stock

USD 7.83 0.11 1.39%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Global Net moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Net Lease, moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Global Net Correlation With Market

Very weak diversification

The correlation between Global Net Lease, and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Net Lease, and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global 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 Global Stock

0.92	LXP	LXP Industrial Trust	Pair Corr
0.87	O	Realty Income	Pair Corr
0.81	DX	Dynex Capital	Pair Corr
0.67	FR	First Industrial Realty	Pair Corr
0.71	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.75	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.68	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.71	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.68	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.67	VNO-PL	Vornado Realty Trust	Pair Corr
0.88	VICI	VICI Properties	Pair Corr
0.77	MITT-PA	AG Mortgage Investment	Pair Corr
0.62	MITT-PB	AG Mortgage Investment	Pair Corr
0.67	MITT-PC	AG Mortgage Investment	Pair Corr
0.77	ELME	Elme Communities	Pair Corr
0.7	WELL	Welltower	Pair Corr
0.62	CDR-PB	Cedar Realty Trust	Pair Corr
0.8	CDR-PC	Cedar Realty Trust	Pair Corr

Moving against Global Stock

0.87	RC	Ready Capital Corp	Pair Corr
0.84	PK	Park Hotels Resorts	Pair Corr
0.7	EQIX	Equinix	Pair Corr
0.61	PW	Power REIT Earnings Call This Week	Pair Corr
0.59	UE	Urban Edge Properties	Pair Corr
0.52	UK	Ucommune International	Pair Corr
0.83	EXPI	eXp World Holdings	Pair Corr
0.78	ESRT	Empire State Realty	Pair Corr
0.77	FISK	Empire State Realty	Pair Corr
0.77	AHH	Armada Hflr Pr	Pair Corr
0.73	WHLR	Wheeler Real Estate	Pair Corr
0.71	AAT	American Assets Trust	Pair Corr
0.7	WETH	Wetouch Technology Common	Pair Corr
0.69	ABR	Arbor Realty Trust	Pair Corr
0.65	VTMX	Corporacin Inmobiliaria	Pair Corr
0.58	AKR	Acadia Realty Trust	Pair Corr
0.53	EARN	Ellington Residential Potential Growth	Pair Corr

Related Correlations Analysis

	PKST	GOOD	CTO	RTLPP	RTL	BRSP	SRC	NXDT	BNL
PKST		-0.77	-0.41	0.0	0.0	0.4	0.0	-0.65	0.81	PKST
GOOD	-0.77		0.43	0.0	0.0	-0.28	0.0	0.64	-0.65	GOOD
CTO	-0.41	0.43		0.0	0.0	-0.34	0.0	0.3	-0.63	CTO
RTLPP	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	RTLPP
RTL	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	RTL
BRSP	0.4	-0.28	-0.34	0.0	0.0		0.0	-0.54	0.68	BRSP
SRC	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	SRC
NXDT	-0.65	0.64	0.3	0.0	0.0	-0.54	0.0		-0.69	NXDT
BNL	0.81	-0.65	-0.63	0.0	0.0	0.68	0.0	-0.69		BNL
	PKST	GOOD	CTO	RTLPP	RTL	BRSP	SRC	NXDT	BNL

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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

BNL	+ 0.81	PKST
BNL	+ 0.68	BRSP
NXDT	+ 0.64	GOOD
CTO	+ 0.43	GOOD
BRSP	+ 0.4	PKST
NXDT	+ 0.3	CTO

High negative correlations

GOOD	- 0.77	PKST
BNL	- 0.69	NXDT
BNL	- 0.65	GOOD
NXDT	- 0.65	PKST
BNL	- 0.63	CTO
NXDT	- 0.54	BRSP

Risk-Adjusted Indicators

There is a big difference between Global Stock performing well and Global 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 Global 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
PKST	1.76	0.34	0.20	0.54	1.68	(2.18)	3.75	(2.75)	9.52
GOOD	0.88	(0.10)	0.00	3.78	0.00	0.00	1.77	(2.10)	5.43
CTO	1.03	0.04	0.03	0.00	1.71	(0.95)	1.86	(2.04)	7.86
RTLPP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RTL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRSP	1.13	0.09	0.09	0.08	1.22	(1.27)	2.74	(1.84)	5.52
SRC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NXDT	1.63	(0.74)	0.00	(0.76)	0.00	0.00	2.80	(3.89)	8.46
BNL	1.01	0.15	0.15	0.22	1.09	(1.14)	2.15	(1.81)	4.51

Global Net Corporate Executives

Elected by the shareholders, the Global Net's board of directors comprises two types of representatives: Global Net inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Global. The board's role is to monitor Global Net's management team and ensure that shareholders' interests are well served. Global Net's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Global Net's outside directors are responsible for providing unbiased perspectives on the board's policies.

Christopher Masterson

Chief Financial Officer, Treasurer, Secretary

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