Kite Realty Correlations

Stocks . USA . 
Stock . Kite Realty Group
KRG Stock  USD 22.34  0.32  1.45%   
The current 90-days correlation between Kite Realty Group and Site Centers Corp is 0.64 (i.e., Poor 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

Weak diversification

The correlation between Kite Realty Group and DJI is 0.33 (i.e., 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

  0.82PK Park Hotels ResortsPairCorr
  0.82ESBA Empire State RealtyPairCorr
  0.88WHLR Wheeler Real Estate Earnings Call This WeekPairCorr
  0.84ARE Alexandria Real EstatePairCorr
  0.66BDN Brandywine Realty TrustPairCorr
  0.87BNL Broadstone Net LeasePairCorr
  0.95BXP Boston PropertiesPairCorr
  0.84DEA Eerly Govt Ppty Buyout TrendPairCorr
  0.84DEI Douglas EmmettPairCorr
  0.7GTY Getty RealtyPairCorr
  0.89HIW Highwoods Properties Sell-off TrendPairCorr
  0.69HPP Hudson Pacific PropertiesPairCorr
  0.76KRC Kilroy Realty CorpPairCorr
  0.94OLP One Liberty Properties Earnings Call This WeekPairCorr
  0.86OPI Office Properties IncomePairCorr
  0.84PDM Piedmont Office RealtyPairCorr
  0.9RHP Ryman HospitalityPairCorr
  0.94SLG SL Green RealtyPairCorr
  0.87INVH Invitation HomesPairCorr
  0.66JBGS JBG SMITH PropertiesPairCorr
  0.71PSTL Postal Realty TrustPairCorr
  0.91CMCT Creative Media CommunityPairCorr
  0.87HR Healthcare Realty TrustPairCorr
  0.97KW Kennedy Wilson HoldingsPairCorr
  0.7OZ Belpointe PREP LLCPairCorr
  0.75RC Ready Capital CorpPairCorr
  0.95UE Urban Edge PropertiesPairCorr

Moving against Kite Stock

  0.65AIV Apartment Investment andPairCorr
  0.71DX Dynex Capital Sell-off TrendPairCorr
  0.71AHT-PD Ashford Hospitality TrustPairCorr
  0.48AHT-PI Ashford Hospitality TrustPairCorr
  0.46AHT-PH Ashford Hospitality TrustPairCorr
  0.43AHT-PG Ashford Hospitality TrustPairCorr

Related Correlations Analysis

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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
+ 0.95
UE
BFS
+ 0.94
UE
BFS
+ 0.91
AKR
IVT
+ 0.9
AKR
IVT
+ 0.81
UE
UE
+ 0.78
SITC
  
High negative correlations   
BFS
- 0.87
ROIC
ROIC
- 0.85
UE
ROIC
- 0.81
SITC
ROIC
- 0.71
AKR
PINE
- 0.66
ROIC
IVT
- 0.46
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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SITC  1.04 (0.10) 0.00 (0.26) 0.00 
 0.00 
 2.91 
(2.15)
 6.86 
CBL  1.28  0.26  0.19  0.41  1.18 
(1.57)
 3.03 
(1.91)
 8.04 
UE  1.12 (0.17) 0.00 (0.31) 0.00 
 0.00 
 1.98 
(2.67)
 7.23 
AKR  1.21 (0.08) 0.00 (0.11) 0.00 
 0.00 
 2.14 
(2.97)
 7.30 
RPT  1.77  0.12  0.06  0.12  1.78 
(2.14)
 4.18 
(3.04)
 11.82 
ROIC  0.10  0.02  0.16  11.01  0.00 
(0.13)
 0.23 
(0.17)
 0.58 
IVT  0.89 (0.02) 0.00 (0.06) 0.00 
 0.00 
 1.60 
(2.01)
 5.29 
BFS  0.83 (0.11) 0.00 (0.31) 0.00 
 0.00 
 1.19 
(2.42)
 5.88 
PINE  0.96 (0.07) 0.00 (0.32) 0.00 
 0.00 
 2.18 
(1.79)
 9.51 
FCPT  0.94  0.02  0.02 (0.21) 1.32 
(0.90)
 1.98 
(2.29)
 5.47 

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 JDExecutive CFOProfile
Pat CaseySenior CTOProfile
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