Site Centers Correlations

SITC Etf

USD 14.59 0.05 0.34%

The current 90-days correlation between Site Centers Corp and Saul Centers is 0.59 (i.e., Very weak diversification). The correlation of Site Centers 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.

Site Centers Correlation With Market

Modest diversification

The correlation between Site Centers Corp and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Site Centers Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Site Centers Corp. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Site Etf

0.68	HR	Healthcare Realty Trust	Pair Corr
0.62	PK	Park Hotels Resorts	Pair Corr
0.77	UE	Urban Edge Properties	Pair Corr
0.62	EPRT	Essential Properties	Pair Corr
0.62	ESBA	Empire State Realty	Pair Corr
0.78	ESRT	Empire State Realty	Pair Corr
0.83	WHLR	Wheeler Real Estate Earnings Call This Week	Pair Corr
0.74	FISK	Empire State Realty	Pair Corr
0.79	AAT	American Assets Trust	Pair Corr
0.62	ADC	Agree Realty	Pair Corr
0.83	AHH	Armada Hflr Pr	Pair Corr
0.65	AKR	Acadia Realty Trust	Pair Corr
0.78	ARE	Alexandria Real Estate	Pair Corr
0.68	AVB	AvalonBay Communities	Pair Corr
0.76	BFS	Saul Centers Earnings Call Today	Pair Corr
0.66	BHR	Braemar Hotel Resorts Earnings Call Today	Pair Corr
0.74	BNL	Broadstone Net Lease	Pair Corr
0.7	BRT	BRT Realty Trust	Pair Corr
0.66	BRX	Brixmor Property	Pair Corr
0.73	BXP	Boston Properties	Pair Corr
0.76	CCI	Crown Castle	Pair Corr
0.61	CDP	COPT Defense Properties	Pair Corr

Moving against Site Etf

0.38

AIV

Apartment Investment and

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.34	0.54	-0.68	0.78	0.45	-0.1	0.85	-0.78	-0.4	META
MSFT	-0.34		-0.63	0.28	-0.48	0.2	0.71	-0.47	0.59	-0.15	MSFT
UBER	0.54	-0.63		-0.15	0.73	-0.02	-0.49	0.72	-0.74	0.37	UBER
F	-0.68	0.28	-0.15		-0.38	-0.16	0.33	-0.41	0.58	0.77	F
T	0.78	-0.48	0.73	-0.38		0.06	-0.2	0.73	-0.78	0.0	T
A	0.45	0.2	-0.02	-0.16	0.06		0.21	0.53	-0.02	-0.29	A
CRM	-0.1	0.71	-0.49	0.33	-0.2	0.21		-0.25	0.43	-0.06	CRM
JPM	0.85	-0.47	0.72	-0.41	0.73	0.53	-0.25		-0.78	-0.08	JPM
MRK	-0.78	0.59	-0.74	0.58	-0.78	-0.02	0.43	-0.78		0.1	MRK
XOM	-0.4	-0.15	0.37	0.77	0.0	-0.29	-0.06	-0.08	0.1		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.85	META
T	+ 0.78	META
XOM	+ 0.77	F
T	+ 0.73	UBER
JPM	+ 0.73	T
JPM	+ 0.72	UBER

High negative correlations

MRK	- 0.78	JPM
MRK	- 0.78	T
MRK	- 0.78	META
MRK	- 0.74	UBER
F	- 0.68	META
UBER	- 0.63	MSFT

Site Centers Competition Risk-Adjusted Indicators

There is a big difference between Site Etf performing well and Site Centers ETF 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 Site Centers' 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
META	1.30	0.26	0.16	0.64	1.38	(1.36)	3.22	(2.26)	7.11
MSFT	0.99	(0.06)	0.00	(0.23)	0.00	0.00	2.20	(1.90)	10.31
UBER	1.88	0.15	0.05	(2.68)	2.72	(1.87)	4.72	(3.13)	12.29
F	1.35	(0.21)	0.00	(0.27)	0.00	0.00	2.46	(2.90)	10.97
T	0.92	0.24	0.21	0.47	0.95	(1.07)	1.80	(1.75)	7.94
A	1.09	0.08	0.07	0.13	1.03	(1.33)	2.81	(1.91)	6.12
CRM	1.43	(0.07)	0.00	(0.08)	0.00	0.00	3.10	(2.95)	15.92
JPM	0.90	0.08	0.06	0.11	1.21	(0.99)	1.92	(1.51)	6.85
MRK	1.22	(0.07)	0.00	(1.13)	0.00	0.00	2.43	(1.81)	11.57
XOM	0.94	(0.13)	0.00	(0.24)	0.00	0.00	1.76	(2.14)	5.69

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