Rexford Industrial Correlations

REXR Stock

USD 39.84 0.23 0.58%

The current 90-days correlation between Rexford Industrial Realty and EastGroup Properties is 0.8 (i.e., Very poor 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Rexford Industrial Correlation With Market

Very weak diversification

The correlation between Rexford Industrial Realty and DJI is 0.54 (i.e., Very weak 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.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rexford Industrial Realty. 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 Rexford Stock

0.67	HPP	Hudson Pacific Properties	Pair Corr
0.69	O	Realty Income	Pair Corr
0.65	DX	Dynex Capital	Pair Corr
0.82	FR	First Industrial Realty	Pair Corr
0.88	WY	Weyerhaeuser	Pair Corr
0.76	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.76	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.68	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.71	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.7	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.66	VNO-PL	Vornado Realty Trust	Pair Corr
0.69	VNO-PM	Vornado Realty Trust	Pair Corr
0.63	MITT-PB	AG Mortgage Investment	Pair Corr
0.74	MITT-PC	AG Mortgage Investment	Pair Corr

Moving against Rexford Stock

0.59	CMCT	Creative Media Community	Pair Corr
0.58	OZ	Belpointe PREP LLC	Pair Corr
0.45	PDM	Piedmont Office Realty	Pair Corr
0.44	PK	Park Hotels Resorts	Pair Corr
0.41	KRC	Kilroy Realty Corp	Pair Corr
0.37	PW	Power REIT Earnings Call Tomorrow	Pair Corr
0.33	KW	Kennedy Wilson Holdings	Pair Corr
0.32	EQC	Equity Commonwealth	Pair Corr
0.32	IRM	Iron Mountain	Pair Corr
0.69	WHLR	Wheeler Real Estate	Pair Corr
0.58	ESBA	Empire State Realty	Pair Corr
0.52	WETH	Wetouch Technology Common	Pair Corr
0.5	ESRT	Empire State Realty	Pair Corr
0.43	EXPI	eXp World Holdings	Pair Corr

Related Correlations Analysis

	PLYM	EGP	LXP	INDT	TRNO	FR	COLD
PLYM		-0.39	-0.06	0.0	-0.49	-0.42	-0.01	PLYM
EGP	-0.39		0.79	0.0	0.94	0.99	0.58	EGP
LXP	-0.06	0.79		0.0	0.68	0.75	0.45	LXP
INDT	0.0	0.0	0.0		0.0	0.0	0.0	INDT
TRNO	-0.49	0.94	0.68	0.0		0.96	0.62	TRNO
FR	-0.42	0.99	0.75	0.0	0.96		0.64	FR
COLD	-0.01	0.58	0.45	0.0	0.62	0.64		COLD
	PLYM	EGP	LXP	INDT	TRNO	FR	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
FR	+ 0.96	TRNO
TRNO	+ 0.94	EGP
LXP	+ 0.79	EGP
FR	+ 0.75	LXP
TRNO	+ 0.68	LXP

High negative correlations

TRNO	- 0.49	PLYM
FR	- 0.42	PLYM
EGP	- 0.39	PLYM
LXP	- 0.06	PLYM
COLD	- 0.01	PLYM
COLD	- 0.0	INDT

Risk-Adjusted Indicators

There is a big difference between Rexford 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
PLYM	1.30	(0.17)	0.00	(0.32)	0.00	0.00	3.03	(2.75)	6.80
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
TRNO	1.05	0.02	0.02	0.04	1.45	(1.12)	2.15	(2.59)	9.03
FR	1.04	0.07	0.05	0.09	1.30	(1.15)	2.38	(2.66)	7.96
COLD	1.46	(0.04)	0.00	(0.04)	0.00	0.00	3.13	(2.81)	9.98

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