SL Green Correlations

SLG Stock

USD 57.39 0.88 1.51%

The current 90-days correlation between SL Green Realty and Douglas Emmett is 0.83 (i.e., Very poor diversification). The correlation of SL Green 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.

SL Green Correlation With Market

Very weak diversification

The correlation between SL Green Realty and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SL Green Realty 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 SL Green 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 bureau of economic analysis.

Moving together with SLG Stock

0.86	EQIX	Equinix	Pair Corr
0.67	KW	Kennedy Wilson Holdings	Pair Corr
0.84	PK	Park Hotels Resorts	Pair Corr
0.82	RC	Ready Capital Corp	Pair Corr
0.89	UE	Urban Edge Properties	Pair Corr
0.67	EARN	Ellington Residential Potential Growth	Pair Corr
0.67	WETH	Wetouch Technology Common	Pair Corr
0.8	ESBA	Empire State Realty	Pair Corr
0.89	ESRT	Empire State Realty	Pair Corr

Moving against SLG Stock

0.72	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.67	DX	Dynex Capital	Pair Corr
0.65	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.6	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.58	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.58	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.53	O	Realty Income	Pair Corr
0.53	MITT-PA	AG Mortgage Investment	Pair Corr
0.52	VICI	VICI Properties	Pair Corr
0.45	FR	First Industrial Realty	Pair Corr
0.43	LXP	LXP Industrial Trust	Pair Corr
0.39	MITT-PB	AG Mortgage Investment	Pair Corr
0.77	CDR-PC	Cedar Realty Trust	Pair Corr
0.76	ACR	Acres Commercial Realty	Pair Corr
0.59	MITT-PC	AG Mortgage Investment	Pair Corr
0.57	WELL	Welltower	Pair Corr
0.52	ADC	Agree Realty	Pair Corr
0.48	FBRT	Franklin BSP Realty Potential Growth	Pair Corr
0.45	ELME	Elme Communities	Pair Corr
0.45	CDR-PB	Cedar Realty Trust	Pair Corr
0.4	AIV	Apartment Investment and	Pair Corr
0.39	AHR	American Healthcare REIT,	Pair Corr
0.37	NREF-PA	NexPoint Real Estate	Pair Corr

Related Correlations Analysis

	BXP	DEI	KRC	ARE	VNO	HIW	HPP	PDM	OPI	CIO
BXP		0.92	0.9	0.13	0.76	0.79	0.41	0.85	0.77	0.79	BXP
DEI	0.92		0.89	0.11	0.78	0.77	0.32	0.85	0.83	0.84	DEI
KRC	0.9	0.89		0.08	0.67	0.7	0.22	0.95	0.65	0.77	KRC
ARE	0.13	0.11	0.08		-0.14	0.37	0.41	0.04	0.15	0.22	ARE
VNO	0.76	0.78	0.67	-0.14		0.46	0.36	0.64	0.7	0.56	VNO
HIW	0.79	0.77	0.7	0.37	0.46		0.37	0.59	0.57	0.72	HIW
HPP	0.41	0.32	0.22	0.41	0.36	0.37		0.13	0.25	0.34	HPP
PDM	0.85	0.85	0.95	0.04	0.64	0.59	0.13		0.65	0.73	PDM
OPI	0.77	0.83	0.65	0.15	0.7	0.57	0.25	0.65		0.73	OPI
CIO	0.79	0.84	0.77	0.22	0.56	0.72	0.34	0.73	0.73		CIO
	BXP	DEI	KRC	ARE	VNO	HIW	HPP	PDM	OPI	CIO

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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

PDM	+ 0.95	KRC
DEI	+ 0.92	BXP
KRC	+ 0.9	BXP
KRC	+ 0.89	DEI
PDM	+ 0.85	BXP
PDM	+ 0.85	DEI

High negative correlations

VNO

- 0.14

ARE

Risk-Adjusted Indicators

There is a big difference between SLG Stock performing well and SL Green 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 SL Green'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
BXP	1.63	(0.12)	(0.18)	2.43	(3.90)	9.26
DEI	1.89	(0.18)	(0.23)	3.28	(4.39)	10.12
KRC	1.90	(0.15)	(0.21)	3.44	(3.90)	9.74
ARE	1.22	(0.02)	(0.10)	2.70	(2.84)	7.58
VNO	2.12	(0.21)	0.33	3.70	(5.21)	11.30
HIW	1.33	(0.01)	(0.08)	2.75	(2.84)	7.07
HPP	3.56	0.13	(0.02)	8.01	(6.06)	21.47
PDM	1.67	(0.23)	(0.32)	2.91	(3.74)	12.31
OPI	3.38	(1.10)	(2.68)	7.06	(11.36)	21.36
CIO	1.58	(0.10)	(0.18)	3.57	(3.73)	9.02

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