Kite Realty Correlations

KRG Stock

USD 22.09 0.32 1.43%

The current 90-days correlation between Kite Realty Group and CBL Associates Properties is 0.31 (i.e., Weak diversification). The correlation of Kite 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.

Kite Realty Correlation With Market

Very weak diversification

The correlation between Kite Realty Group and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kite Realty Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kite Realty Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Kite Stock

0.7	EQIX	Equinix	Pair Corr
0.88	BXP	Boston Properties	Pair Corr
0.77	DLR	Digital Realty Trust	Pair Corr
0.73	HIW	Highwoods Properties	Pair Corr
0.75	IRM	Iron Mountain	Pair Corr
0.91	KRC	Kilroy Realty Corp	Pair Corr
0.86	PDM	Piedmont Office Realty	Pair Corr
0.82	SLG	SL Green Realty	Pair Corr
0.77	XHR	Xenia Hotels Resorts	Pair Corr
0.64	OPINL	Office Properties Income	Pair Corr
0.85	CMCT	Creative Media Community Earnings Call This Week	Pair Corr

Moving against Kite Stock

0.54	AMT	American Tower Corp	Pair Corr
0.46	LXP	LXP Industrial Trust	Pair Corr
0.41	WY	Weyerhaeuser	Pair Corr
0.32	BNL	Broadstone Net Lease	Pair Corr
0.68	PCH	PotlatchDeltic Corp	Pair Corr
0.43	SBAC	SBA Communications Corp	Pair Corr
0.41	GLPI	Gaming Leisure Properties	Pair Corr
0.35	LAND	Gladstone Land	Pair Corr
0.34	NTST	Netstreit Corp	Pair Corr
0.77	DX	Dynex Capital	Pair Corr
0.77	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.63	O	Realty Income	Pair Corr
0.62	FR	First Industrial Realty	Pair Corr
0.54	CSGP	CoStar Group	Pair Corr
0.43	STAG	STAG Industrial	Pair Corr

Related Correlations Analysis

	SITC	CBL	UE	AKR	RPT	ROIC	IVT	BFS	PINE	FCPT
SITC		0.26	0.74	0.73	-0.5	-0.06	0.54	0.51	0.22	-0.52	SITC
CBL	0.26		0.5	0.6	0.54	-0.66	0.66	0.22	0.0	0.21	CBL
UE	0.74	0.5		0.97	-0.16	0.01	0.79	0.84	0.01	-0.21	UE
AKR	0.73	0.6	0.97		-0.07	-0.14	0.87	0.76	0.01	-0.14	AKR
RPT	-0.5	0.54	-0.16	-0.07		-0.59	0.13	-0.26	-0.19	0.71	RPT
ROIC	-0.06	-0.66	0.01	-0.14	-0.59		-0.29	0.27	-0.01	-0.27	ROIC
IVT	0.54	0.66	0.79	0.87	0.13	-0.29		0.53	-0.04	0.12	IVT
BFS	0.51	0.22	0.84	0.76	-0.26	0.27	0.53		0.0	-0.16	BFS
PINE	0.22	0.0	0.01	0.01	-0.19	-0.01	-0.04	0.0		-0.21	PINE
FCPT	-0.52	0.21	-0.21	-0.14	0.71	-0.27	0.12	-0.16	-0.21		FCPT
	SITC	CBL	UE	AKR	RPT	ROIC	IVT	BFS	PINE	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

AKR	+ 0.97	UE
IVT	+ 0.87	AKR
BFS	+ 0.84	UE
IVT	+ 0.79	UE
BFS	+ 0.76	AKR
UE	+ 0.74	SITC

High negative correlations

ROIC	- 0.66	CBL
ROIC	- 0.59	RPT
FCPT	- 0.52	SITC
RPT	- 0.5	SITC
IVT	- 0.29	ROIC
FCPT	- 0.27	ROIC

Risk-Adjusted Indicators

There is a big difference between Kite Stock performing well and Kite 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 Kite 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
SITC	1.15	(0.25)	0.00	(0.44)	0.00	0.00	2.14	(2.91)	8.55
CBL	1.35	(0.13)	0.00	(0.20)	0.00	0.00	2.94	(3.60)	8.31
UE	1.26	(0.20)	0.00	(0.31)	0.00	0.00	2.00	(2.73)	7.21
AKR	1.31	(0.20)	0.00	(0.30)	0.00	0.00	2.14	(2.97)	7.30
RPT	1.91	0.08	0.08	(0.77)	1.95	(2.35)	4.43	(3.57)	11.82
ROIC	0.11	0.01	0.59	(0.68)	0.00	(0.15)	0.29	(0.23)	0.57
IVT	0.96	(0.08)	0.00	(0.22)	0.00	0.00	1.57	(2.09)	4.36
BFS	0.93	(0.13)	0.00	(0.34)	0.00	0.00	1.46	(2.42)	4.29
PINE	0.92	0.02	0.05	(1.27)	1.54	(0.85)	2.41	(1.68)	9.56
FCPT	1.07	0.03	0.00	(0.02)	0.00	0.00	1.98	(2.29)	5.28

Kite Realty Corporate Executives

Elected by the shareholders, the Kite Realty's board of directors comprises two types of representatives: Kite Realty inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kite. The board's role is to monitor Kite Realty's management team and ensure that shareholders' interests are well served. Kite Realty'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, Kite Realty's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Heath JD	Executive CFO	Profile
	Pat Casey	Senior CTO	Profile

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