Netstreit Corp Correlations

NTST Stock

USD 15.32 0.04 0.26%

The current 90-days correlation between Netstreit Corp and Rithm Property Trust is 0.34 (i.e., Weak diversification). The correlation of Netstreit Corp 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.

Netstreit Corp Correlation With Market

Good diversification

The correlation between Netstreit Corp and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Netstreit Corp 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 Netstreit Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

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

Moving together with Netstreit Stock

0.69	AMT	American Tower Corp	Pair Corr
0.9	BNL	Broadstone Net Lease	Pair Corr
0.65	GTY	Getty Realty	Pair Corr
0.71	LXP	LXP Industrial Trust	Pair Corr
0.74	PCH	PotlatchDeltic Corp	Pair Corr
0.88	RYN	Rayonier	Pair Corr
0.9	GLPI	Gaming Leisure Properties	Pair Corr
0.77	INVH	Invitation Homes	Pair Corr
0.81	SBAC	SBA Communications Corp	Pair Corr
0.73	STAG	STAG Industrial	Pair Corr
0.77	CSGP	CoStar Group	Pair Corr
0.79	O	Realty Income	Pair Corr

Moving against Netstreit Stock

0.76	DLR	Digital Realty Trust	Pair Corr
0.63	IRM	Iron Mountain	Pair Corr
0.57	FPI	Farmland Partners	Pair Corr
0.5	KRC	Kilroy Realty Corp Sell-off Trend	Pair Corr
0.45	EQIX	Equinix	Pair Corr
0.33	BRX	Brixmor Property	Pair Corr
0.78	XHR	Xenia Hotels Resorts	Pair Corr
0.65	SLG	SL Green Realty	Pair Corr
0.55	PDM	Piedmont Office Realty	Pair Corr
0.52	OUT	Outfront Media	Pair Corr
0.4	LAMR	Lamar Advertising	Pair Corr
0.33	SPG	Simon Property Group	Pair Corr
0.78	PK	Park Hotels Resorts	Pair Corr
0.66	CMCT	Creative Media Community Earnings Call This Week	Pair Corr
0.63	UE	Urban Edge Properties	Pair Corr
0.55	PW	Power REIT Earnings Call This Week	Pair Corr
0.52	OPINL	Office Properties Income	Pair Corr
0.48	RC	Ready Capital Corp	Pair Corr

Related Correlations Analysis

	RPT	FCPT	GTY	BFS	SITC	AKR	KRG	ROIC	BRX	UE
RPT		0.72	0.53	-0.14	-0.33	0.11	-0.33	-0.6	0.43	0.02	RPT
FCPT	0.72		0.82	-0.22	-0.47	-0.17	-0.25	-0.24	0.18	-0.23	FCPT
GTY	0.53	0.82		-0.08	-0.19	-0.08	-0.39	-0.34	-0.01	-0.13	GTY
BFS	-0.14	-0.22	-0.08		0.36	0.65	0.31	0.18	0.43	0.76	BFS
SITC	-0.33	-0.47	-0.19	0.36		0.67	0.13	-0.16	0.26	0.67	SITC
AKR	0.11	-0.17	-0.08	0.65	0.67		0.19	-0.29	0.74	0.96	AKR
KRG	-0.33	-0.25	-0.39	0.31	0.13	0.19		0.32	0.03	0.26	KRG
ROIC	-0.6	-0.24	-0.34	0.18	-0.16	-0.29	0.32		-0.17	-0.13	ROIC
BRX	0.43	0.18	-0.01	0.43	0.26	0.74	0.03	-0.17		0.74	BRX
UE	0.02	-0.23	-0.13	0.76	0.67	0.96	0.26	-0.13	0.74		UE
	RPT	FCPT	GTY	BFS	SITC	AKR	KRG	ROIC	BRX	UE

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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

UE	+ 0.96	AKR
GTY	+ 0.82	FCPT
UE	+ 0.76	BFS
BRX	+ 0.74	AKR
UE	+ 0.74	BRX
FCPT	+ 0.72	RPT

High negative correlations

ROIC	- 0.6	RPT
SITC	- 0.47	FCPT
KRG	- 0.39	GTY
ROIC	- 0.34	GTY
KRG	- 0.33	RPT
SITC	- 0.33	RPT

Risk-Adjusted Indicators

There is a big difference between Netstreit Stock performing well and Netstreit Corp 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 Netstreit Corp'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
RPT	1.78	0.09	0.08	2.22	1.86	(2.23)	4.18	(3.57)	11.82
FCPT	1.00	0.09	0.13	(1.36)	1.12	(1.05)	1.98	(1.86)	5.28
GTY	0.94	0.02	0.09	(0.19)	1.06	(1.09)	2.21	(2.03)	4.93
BFS	0.91	(0.11)	0.00	0.46	0.00	0.00	1.46	(1.87)	4.29
SITC	1.17	(0.25)	0.00	(0.42)	0.00	0.00	2.14	(3.39)	8.55
AKR	1.32	(0.17)	0.00	0.78	0.00	0.00	2.14	(2.78)	7.30
KRG	1.30	(0.16)	0.00	(0.26)	0.00	0.00	2.40	(3.16)	6.49
ROIC	0.11	0.02	0.63	(2.48)	0.00	(0.15)	0.29	(0.23)	0.57
BRX	1.12	(0.08)	0.00	7.33	0.00	0.00	1.92	(2.36)	6.74
UE	1.23	(0.21)	0.00	9.64	0.00	0.00	2.00	(2.69)	7.21

Netstreit Corp Corporate Management

Sofia Chernylo	Chief SVP	Profile
Robin Zeigler	Independent Director	Profile
Matthew Troxell	Lead Independent Director	Profile
Amy An	Associate Relations	Profile
Michael Christodolou	Independent Director	Profile
Shelley Howard	Director Operations	Profile
Kirk PE	Senior Estate	Profile

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