Getty Realty Correlations

GTY Stock

USD 31.38 0.66 2.15%

The current 90-days correlation between Getty Realty and Regency Centers is 0.7 (i.e., Poor diversification). The correlation of Getty Realty 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.

Getty Realty Correlation With Market

Modest diversification

The correlation between Getty Realty and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Getty Realty 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 Getty Realty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

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

Moving together with Getty Stock

0.62	WHLR	Wheeler Real Estate Earnings Call This Week	Pair Corr
0.76	ARE	Alexandria Real Estate	Pair Corr
0.85	BNL	Broadstone Net Lease	Pair Corr
0.72	BXP	Boston Properties	Pair Corr
0.69	DEA	Eerly Govt Ppty Buyout Trend	Pair Corr
0.71	HIW	Highwoods Properties Sell-off Trend	Pair Corr
0.83	HPP	Hudson Pacific Properties	Pair Corr
0.69	KRG	Kite Realty Group	Pair Corr
0.72	OLP	One Liberty Properties Earnings Call This Week	Pair Corr
0.73	OPI	Office Properties Income	Pair Corr
0.75	RHP	Ryman Hospitality	Pair Corr
0.81	SLG	SL Green Realty	Pair Corr
0.67	INVH	Invitation Homes	Pair Corr
0.74	JBGS	JBG SMITH Properties	Pair Corr
0.63	NLOP	Net Lease Office	Pair Corr
0.78	O	Realty Income	Pair Corr
0.78	HR	Healthcare Realty Trust	Pair Corr
0.7	UE	Urban Edge Properties	Pair Corr

Related Correlations Analysis

	REG	SITC	BRX	SKT	NTST	PINE	RPT	KRG	IVT	FCPT
REG		0.18	0.66	0.7	0.5	0.2	0.45	0.49	0.6	0.59	REG
SITC	0.18		0.11	0.28	0.64	0.57	-0.37	0.3	0.11	0.07	SITC
BRX	0.66	0.11		0.89	0.7	0.44	0.19	0.86	0.77	0.76	BRX
SKT	0.7	0.28	0.89		0.71	0.58	0.44	0.66	0.71	0.75	SKT
NTST	0.5	0.64	0.7	0.71		0.78	0.14	0.7	0.63	0.83	NTST
PINE	0.2	0.57	0.44	0.58	0.78		0.01	0.47	0.42	0.49	PINE
RPT	0.45	-0.37	0.19	0.44	0.14	0.01		-0.13	0.33	0.39	RPT
KRG	0.49	0.3	0.86	0.66	0.7	0.47	-0.13		0.64	0.6	KRG
IVT	0.6	0.11	0.77	0.71	0.63	0.42	0.33	0.64		0.65	IVT
FCPT	0.59	0.07	0.76	0.75	0.83	0.49	0.39	0.6	0.65		FCPT
	REG	SITC	BRX	SKT	NTST	PINE	RPT	KRG	IVT	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

SKT	+ 0.89	BRX
KRG	+ 0.86	BRX
FCPT	+ 0.83	NTST
PINE	+ 0.78	NTST
IVT	+ 0.77	BRX
FCPT	+ 0.76	BRX

High negative correlations

RPT	- 0.37	SITC
KRG	- 0.13	RPT

Risk-Adjusted Indicators

There is a big difference between Getty Stock performing well and Getty Realty 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 Getty Realty'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
REG	0.88	0.04	0.03	0.12	1.19	(0.97)	1.76	(2.33)	6.35
SITC	1.05	(0.12)	0.00	(0.33)	0.00	0.00	2.91	(2.17)	6.86
BRX	1.05	(0.08)	0.00	(0.22)	0.00	0.00	1.92	(2.05)	5.53
SKT	0.92	(0.05)	0.00	(0.19)	0.00	0.00	2.77	(1.94)	4.23
NTST	1.21	(0.15)	0.00	(0.19)	0.00	0.00	2.92	(3.08)	7.44
PINE	1.01	(0.11)	0.00	(0.59)	0.00	0.00	2.43	(2.61)	9.51
RPT	1.77	0.12	0.06	(1.53)	1.78	(2.14)	4.18	(3.04)	11.82
KRG	1.16	(0.27)	0.00	(0.38)	0.00	0.00	1.93	(3.16)	6.39
IVT	0.89	(0.02)	0.00	0.07	0.00	0.00	1.60	(2.01)	5.29
FCPT	0.94	0.01	0.00	0.02	1.33	(0.88)	1.98	(2.29)	4.73

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