Rexford Industrial Correlations

REXR-PB Preferred Stock

USD 23.15 0.13 0.56%

The current 90-days correlation between Rexford Industrial Realty and LXP Industrial Trust is 0.09 (i.e., Significant diversification). The correlation of Rexford 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.

Rexford Industrial Correlation With Market

Significant diversification

The correlation between Rexford Industrial Realty and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rexford Industrial Realty and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Rexford Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rexford Industrial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Rexford Industrial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Rexford Industrial Realty to buy it.

Moving together with Rexford Preferred Stock

0.85

REXR-PC

Rexford Industrial Realty

Pair Corr

Moving against Rexford Preferred Stock

0.44	IIPR-PA	Innovative Industrial	Pair Corr
0.71	RC	Ready Capital Corp	Pair Corr
0.6	PK	Park Hotels Resorts	Pair Corr
0.39	UE	Urban Edge Properties	Pair Corr

Related Correlations Analysis

	PLDGP	LXP	PSA-PH	REXR	LXP-PC	SELF	PLD	PSA-PK	PSA-PO	PSA-PR
PLDGP		-0.35	0.11	0.06	-0.06	-0.15	0.02	0.11	0.14	0.11	PLDGP
LXP	-0.35		0.44	0.6	0.2	0.0	0.56	0.32	0.15	0.3	LXP
PSA-PH	0.11	0.44		0.8	-0.1	0.06	0.81	0.76	0.71	0.76	PSA-PH
REXR	0.06	0.6	0.8		-0.29	0.15	0.92	0.5	0.41	0.47	REXR
LXP-PC	-0.06	0.2	-0.1	-0.29		-0.11	-0.35	0.11	0.08	0.13	LXP-PC
SELF	-0.15	0.0	0.06	0.15	-0.11		0.03	0.15	0.25	0.19	SELF
PLD	0.02	0.56	0.81	0.92	-0.35	0.03		0.41	0.32	0.35	PLD
PSA-PK	0.11	0.32	0.76	0.5	0.11	0.15	0.41		0.93	0.9	PSA-PK
PSA-PO	0.14	0.15	0.71	0.41	0.08	0.25	0.32	0.93		0.92	PSA-PO
PSA-PR	0.11	0.3	0.76	0.47	0.13	0.19	0.35	0.9	0.92		PSA-PR
	PLDGP	LXP	PSA-PH	REXR	LXP-PC	SELF	PLD	PSA-PK	PSA-PO	PSA-PR

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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

PSA-PO	+ 0.93	PSA-PK
PLD	+ 0.92	REXR
PSA-PR	+ 0.92	PSA-PO
PSA-PR	+ 0.9	PSA-PK
PLD	+ 0.81	PSA-PH
REXR	+ 0.8	PSA-PH

High negative correlations

PLD	- 0.35	LXP-PC
LXP	- 0.35	PLDGP
LXP-PC	- 0.29	REXR
SELF	- 0.15	PLDGP
SELF	- 0.11	LXP-PC
LXP-PC	- 0.1	PSA-PH

Risk-Adjusted Indicators

There is a big difference between Rexford Preferred Stock performing well and Rexford 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 Rexford 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
PLDGP	0.92	(0.01)	0.00	(0.12)	0.00	0.00	1.99	(1.95)	9.92
LXP	1.17	0.11	0.07	0.14	1.33	(1.41)	2.26	(2.70)	7.76
PSA-PH	0.49	(0.01)	0.00	(0.05)	0.00	0.00	1.18	(1.05)	3.88
REXR	1.28	0.09	0.06	0.08	1.35	(1.51)	2.89	(2.51)	7.35
LXP-PC	0.59	(0.07)	0.00	(0.39)	0.00	0.00	1.09	(1.75)	4.59
SELF	0.76	0.04	0.03	0.10	1.02	(0.86)	1.61	(1.93)	5.47
PLD	1.32	0.12	0.08	0.11	1.48	(1.49)	2.61	(2.41)	11.76
PSA-PK	0.65	(0.02)	0.00	(0.09)	0.00	0.00	1.46	(1.54)	4.96
PSA-PO	0.65	(0.02)	0.00	(0.05)	0.00	0.00	1.70	(1.43)	4.65
PSA-PR	0.59	(0.02)	0.00	(0.06)	0.00	0.00	1.24	(1.13)	4.53

Be your own money manager

Our tools can tell you how much better you can do entering a position in Rexford Industrial without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Rexford Industrial Corporate Management

Cher CPA	Assistant Controller	Profile
David Lanzer	G Sec	Profile
Bruce Herbkersman	Devel VP	Profile
Howard Schwimmer	CoCEO Director	Profile
Vctor Ramrez	Controller	Profile
Michael Frankel	CoCEO Director	Profile
Laura Clark	Chief Officer	Profile

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