LXP Industrial Correlations

LXP Stock

USD 9.42 0.09 0.96%

The current 90-days correlation between LXP Industrial Trust and First Industrial Realty is 0.58 (i.e., Very weak diversification). The correlation of LXP Industrial 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.

LXP Industrial Correlation With Market

Very weak diversification

The correlation between LXP Industrial Trust and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LXP Industrial Trust 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 LXP Industrial Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with LXP Stock

0.93	EGP	EastGroup Properties	Pair Corr
0.88	HPP	Hudson Pacific Properties	Pair Corr
0.82	OPI	Office Properties Income	Pair Corr
0.62	O	Realty Income	Pair Corr
0.91	FR	First Industrial Realty	Pair Corr
0.82	RC	Ready Capital Corp	Pair Corr
0.82	UK	Ucommune International	Pair Corr
0.76	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.74	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.64	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.85	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.68	VICI	VICI Properties	Pair Corr

Moving against LXP Stock

0.76	SPG	Simon Property Group	Pair Corr
0.76	UE	Urban Edge Properties	Pair Corr
0.74	EQIX	Equinix	Pair Corr
0.69	SLG	SL Green Realty Fiscal Year End 22nd of January 2025	Pair Corr
0.5	SBRA	Sabra Healthcare REIT	Pair Corr
0.45	KRG	Kite Realty Group	Pair Corr
0.39	GTY	Getty Realty	Pair Corr
0.83	MITT-PC	AG Mortgage Investment	Pair Corr
0.77	WELL	Welltower	Pair Corr
0.73	NREF-PA	NexPoint Real Estate	Pair Corr
0.67	CDR-PC	Cedar Realty Trust	Pair Corr
0.65	CDR-PB	Cedar Realty Trust	Pair Corr
0.59	MITT-PB	AG Mortgage Investment	Pair Corr
0.47	ABR	Arbor Realty Trust Sell-off Trend	Pair Corr
0.46	AAT	American Assets Trust	Pair Corr

Related Correlations Analysis

	FR	PLYM	SELF	TRNO	REXR	INDT	EGP	COLD
FR		0.87	0.04	0.94	0.91	-0.78	0.93	0.85	FR
PLYM	0.87		-0.11	0.92	0.91	-0.91	0.88	0.93	PLYM
SELF	0.04	-0.11		0.07	0.02	0.1	0.05	-0.19	SELF
TRNO	0.94	0.92	0.07		0.96	-0.86	0.94	0.87	TRNO
REXR	0.91	0.91	0.02	0.96		-0.84	0.93	0.91	REXR
INDT	-0.78	-0.91	0.1	-0.86	-0.84		-0.75	-0.84	INDT
EGP	0.93	0.88	0.05	0.94	0.93	-0.75		0.84	EGP
COLD	0.85	0.93	-0.19	0.87	0.91	-0.84	0.84		COLD
	FR	PLYM	SELF	TRNO	REXR	INDT	EGP	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
TRNO	+ 0.94	FR
EGP	+ 0.94	TRNO
EGP	+ 0.93	FR
COLD	+ 0.93	PLYM
EGP	+ 0.93	REXR

High negative correlations

INDT	- 0.91	PLYM
INDT	- 0.86	TRNO
COLD	- 0.84	INDT
INDT	- 0.84	REXR
INDT	- 0.78	FR
EGP	- 0.75	INDT

Risk-Adjusted Indicators

There is a big difference between LXP Stock performing well and LXP Industrial 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 LXP Industrial'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
FR	0.85	(0.13)	0.00	(0.14)	0.00	0.00	1.48	(1.82)	3.74
PLYM	1.11	(0.52)	0.00	(0.32)	0.00	0.00	1.28	(3.15)	10.73
SELF	1.08	0.02	(0.05)	0.22	1.40	(1.17)	2.41	(2.11)	8.25
TRNO	0.99	(0.27)	0.00	(0.57)	0.00	0.00	1.47	(2.30)	8.19
REXR	1.30	(0.33)	0.00	(0.88)	0.00	0.00	2.08	(2.76)	12.54
INDT	0.06	0.02	(1.50)	5.67	0.00	(0.08)	0.15	(0.08)	0.48
EGP	0.86	(0.19)	0.00	(0.19)	0.00	0.00	1.43	(1.82)	5.66
COLD	1.08	(0.33)	0.00	(2.98)	0.00	0.00	1.65	(2.24)	9.93

LXP Industrial Corporate Management

Nick Pyle	Executive Construction	Profile
Mark Cherone	Chief Accounting Officer	Profile
Natasha Roberts	Executive Management	Profile
Lawrence Gray	Independent Trustee	Profile

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