Plymouth Industrial Correlations

PLYM Stock

USD 16.74 0.36 2.11%

The current 90-days correlation between Plymouth Industrial REIT and LXP Industrial Trust is -0.18 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Plymouth Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Plymouth Industrial REIT moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Plymouth Industrial Correlation With Market

Modest diversification

The correlation between Plymouth Industrial REIT and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Plymouth Industrial REIT and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Plymouth Industrial REIT. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Plymouth Stock

0.7	CIO	City Office	Pair Corr
0.62	HIW	Highwoods Properties	Pair Corr
0.68	KW	Kennedy Wilson Holdings	Pair Corr
0.65	OZ	Belpointe PREP LLC	Pair Corr

Moving against Plymouth Stock

0.5	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.48	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.48	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.47	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.46	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.42	FR	First Industrial Realty	Pair Corr
0.35	WY	Weyerhaeuser	Pair Corr
0.34	DX	Dynex Capital	Pair Corr
0.43	MITT-PC	AG Mortgage Investment	Pair Corr
0.41	WELL	Welltower	Pair Corr
0.4	DOUG	Douglas Elliman	Pair Corr
0.4	CDR-PB	Cedar Realty Trust	Pair Corr
0.33	CDR-PC	Cedar Realty Trust	Pair Corr

Related Correlations Analysis

	REXR	EGP	LXP	INDT	FR	TRNO	SELF	COLD
REXR		0.78	0.46	0.0	0.82	0.87	0.14	0.7	REXR
EGP	0.78		0.79	0.0	0.99	0.94	0.02	0.58	EGP
LXP	0.46	0.79		0.0	0.75	0.68	-0.07	0.45	LXP
INDT	0.0	0.0	0.0		0.0	0.0	0.0	0.0	INDT
FR	0.82	0.99	0.75	0.0		0.96	0.04	0.64	FR
TRNO	0.87	0.94	0.68	0.0	0.96		0.02	0.62	TRNO
SELF	0.14	0.02	-0.07	0.0	0.04	0.02		0.19	SELF
COLD	0.7	0.58	0.45	0.0	0.64	0.62	0.19		COLD
	REXR	EGP	LXP	INDT	FR	TRNO	SELF	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

FR	+ 0.99	EGP
TRNO	+ 0.96	FR
TRNO	+ 0.94	EGP
TRNO	+ 0.87	REXR
FR	+ 0.82	REXR
LXP	+ 0.79	EGP

High negative correlations

SELF	- 0.07	LXP
COLD	- 0.0	INDT
SELF	- 0.0	INDT
TRNO	- 0.0	INDT
FR	- 0.0	INDT
INDT	- 0.0	LXP

Risk-Adjusted Indicators

There is a big difference between Plymouth Stock performing well and Plymouth 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 Plymouth 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
REXR	1.33	0.01	0.00	0.01	1.57	(1.53)	2.89	(2.82)	7.35
EGP	1.08	0.08	0.05	0.11	1.30	(1.10)	1.88	(1.94)	7.67
LXP	1.21	0.03	0.01	(0.05)	1.55	(1.41)	2.26	(3.11)	7.76
INDT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FR	1.04	0.07	0.05	0.09	1.30	(1.15)	2.38	(2.66)	7.96
TRNO	1.05	0.02	0.02	0.04	1.45	(1.12)	2.15	(2.59)	9.03
SELF	0.83	(0.03)	0.00	(0.08)	0.00	0.00	1.61	(1.95)	5.47
COLD	1.46	(0.04)	0.00	(0.04)	0.00	0.00	3.13	(2.81)	9.98

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