SL Green Correlations

Stocks . USA . 
Stock . SL Green Realty
SLG Stock  USD 64.17  0.76  1.20%   
The current 90-days correlation between SL Green Realty and Douglas Emmett is 0.77 (i.e., 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

Modest diversification

The correlation between SL Green Realty and DJI is 0.28 (i.e., Modest 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

  0.95BXP Boston PropertiesPairCorr
  0.75HPP Hudson Pacific PropertiesPairCorr
  0.84OPI Office Properties IncomePairCorr
  0.66JBGS JBG SMITH PropertiesPairCorr
  0.87HR Healthcare Realty TrustPairCorr
  0.93KW Kennedy Wilson HoldingsPairCorr
  0.72PK Park Hotels ResortsPairCorr
  0.76RC Ready Capital CorpPairCorr
  0.92UE Urban Edge PropertiesPairCorr
  0.85ADC-PA Agree RealtyPairCorr
  0.73DOUG Douglas EllimanPairCorr
  0.74VICI VICI PropertiesPairCorr
  0.86EPRT Essential PropertiesPairCorr
  0.69ESBA Empire State RealtyPairCorr

Moving against SLG Stock

  0.55DX Dynex Capital Sell-off TrendPairCorr
  0.53AHT-PD Ashford Hospitality TrustPairCorr
  0.36MITT-PA AG Mortgage InvestmentPairCorr
  0.75MITT-PC AG Mortgage InvestmentPairCorr
  0.61CDR-PC Cedar Realty TrustPairCorr
  0.48AIV Apartment Investment andPairCorr
  0.34ACR Acres Commercial Realty Earnings Call TomorrowPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BXP  1.42 (0.17) 0.00 (0.25) 0.00 
 0.00 
 2.37 
(2.55)
 10.95 
DEI  1.60 (0.18) 0.00 (0.27) 0.00 
 0.00 
 2.88 
(4.38)
 10.62 
KRC  1.79 (0.19) 0.00 (0.20) 0.00 
 0.00 
 3.37 
(3.90)
 12.11 
ARE  1.14 (0.10) 0.00 (0.22) 0.00 
 0.00 
 2.70 
(2.85)
 8.21 
VNO  1.67 (0.07) 0.00  0.60  0.00 
 0.00 
 2.94 
(2.69)
 11.60 
HIW  1.16 (0.08) 0.00  0.22  0.00 
 0.00 
 1.80 
(2.81)
 6.35 
HPP  3.67 (0.17) 0.00 (0.10) 0.00 
 0.00 
 8.13 
(7.42)
 25.79 
PDM  1.55 (0.41) 0.00  1.19  0.00 
 0.00 
 3.45 
(3.74)
 12.31 
OPI  3.51 (0.32) 0.00  12.38  0.00 
 0.00 
 5.84 
(7.64)
 55.61 
CIO  1.71  0.06  0.03 (0.69) 2.30 
(1.78)
 3.32 
(3.44)
 13.60 

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