National Retail Correlations

NNN Stock

USD 41.59 0.23 0.56%

The current 90-days correlation between National Retail Prop and Federal Realty Investment is 0.62 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as National Retail moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if National Retail Properties moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

National Retail Correlation With Market

Modest diversification

The correlation between National Retail Properties and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding National Retail Properties 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 National Retail Properties. 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 National Stock

0.86	AMT	American Tower Corp	Pair Corr
0.7	CCI	Crown Castle	Pair Corr
0.78	GLPI	Gaming Leisure Properties	Pair Corr
0.65	HASI	Hannon Armstrong Sus	Pair Corr
0.7	NTST	Netstreit Corp	Pair Corr
0.92	SBAC	SBA Communications Corp	Pair Corr
0.86	O	Realty Income	Pair Corr
0.8	DX	Dynex Capital	Pair Corr
0.72	FR	First Industrial Realty	Pair Corr
0.63	HR	Healthcare Realty Trust	Pair Corr
0.66	AHT-PH	Ashford Hospitality Trust	Pair Corr

Moving against National Stock

0.82	IRM	Iron Mountain	Pair Corr
0.76	PDM	Piedmont Office Realty	Pair Corr
0.75	SITC	Site Centers Corp	Pair Corr
0.72	DLR	Digital Realty Trust	Pair Corr
0.67	PGRE	Paramount Group	Pair Corr
0.64	EQC	Equity Commonwealth	Pair Corr
0.63	KRC	Kilroy Realty Corp	Pair Corr
0.55	EQIX	Equinix	Pair Corr
0.46	DEI	Douglas Emmett	Pair Corr
0.46	KRG	Kite Realty Group	Pair Corr
0.4	CMCT	Creative Media Community	Pair Corr
0.33	CUZ	Cousins Properties	Pair Corr
0.32	UE	Urban Edge Properties	Pair Corr
0.71	PK	Park Hotels Resorts	Pair Corr
0.64	PW	Power REIT Earnings Call Tomorrow	Pair Corr
0.62	RC	Ready Capital Corp	Pair Corr
0.55	VTMX	Corporacin Inmobiliaria	Pair Corr
0.38	EARN	Ellington Residential	Pair Corr
0.36	UK	Ucommune International	Pair Corr

Related Correlations Analysis

	AKR	FRT	O	WSR	ADC	SPG	KIM	UBA	UBP	BFS
AKR		0.92	-0.47	-0.2	-0.62	0.59	0.8	0.0	0.0	0.73	AKR
FRT	0.92		-0.59	-0.33	-0.67	0.49	0.87	0.0	0.0	0.71	FRT
O	-0.47	-0.59		0.22	0.88	0.12	-0.66	0.0	0.0	-0.48	O
WSR	-0.2	-0.33	0.22		0.44	-0.52	-0.05	0.0	0.0	0.24	WSR
ADC	-0.62	-0.67	0.88	0.44		-0.23	-0.65	0.0	0.0	-0.45	ADC
SPG	0.59	0.49	0.12	-0.52	-0.23		0.16	0.0	0.0	0.07	SPG
KIM	0.8	0.87	-0.66	-0.05	-0.65	0.16		0.0	0.0	0.83	KIM
UBA	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	UBA
UBP	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	UBP
BFS	0.73	0.71	-0.48	0.24	-0.45	0.07	0.83	0.0	0.0		BFS
	AKR	FRT	O	WSR	ADC	SPG	KIM	UBA	UBP	BFS

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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

FRT	+ 0.92	AKR
ADC	+ 0.88	O
KIM	+ 0.87	FRT
BFS	+ 0.83	KIM
KIM	+ 0.8	AKR
BFS	+ 0.73	AKR

High negative correlations

ADC	- 0.67	FRT
KIM	- 0.66	O
KIM	- 0.65	ADC
ADC	- 0.62	AKR
O	- 0.59	FRT
SPG	- 0.52	WSR

Risk-Adjusted Indicators

There is a big difference between National Stock performing well and National Retail 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 National Retail'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
AKR	1.33	(0.24)	0.00	(0.24)	0.00	0.00	2.14	(2.97)	7.30
FRT	1.17	(0.22)	0.00	(0.23)	0.00	0.00	1.82	(2.78)	9.26
O	0.98	0.05	0.03	0.16	1.27	(0.93)	2.00	(2.00)	6.11
WSR	1.03	(0.08)	0.00	(0.47)	0.00	0.00	1.80	(2.01)	5.60
ADC	0.92	0.05	0.04	0.18	1.24	(0.88)	1.86	(1.88)	5.44
SPG	1.14	(0.11)	0.00	(0.11)	0.00	0.00	2.12	(2.24)	8.14
KIM	1.17	(0.19)	0.00	(0.20)	0.00	0.00	2.24	(3.06)	5.80
UBA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UBP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BFS	0.97	(0.17)	0.00	(0.30)	0.00	0.00	1.46	(2.42)	4.29

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