Sun Communities Correlations
SUI Stock | USD 131.60 0.00 0.00% |
The current 90-days correlation between Sun Communities and UDR Inc is 0.67 (i.e., Poor diversification). The correlation of Sun Communities 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.
Sun Communities Correlation With Market
Very weak diversification
The correlation between Sun Communities and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sun Communities and DJI in the same portfolio, assuming nothing else is changed.
Sun |
Moving together with Sun Stock
0.85 | O | Realty Income | PairCorr |
0.83 | FR | First Industrial Realty | PairCorr |
0.61 | WY | Weyerhaeuser | PairCorr |
0.85 | VICI | VICI Properties | PairCorr |
0.71 | ELME | Elme Communities | PairCorr |
0.83 | WELL | Welltower | PairCorr |
0.76 | FCPT | Four Corners Property | PairCorr |
0.7 | ADC | Agree Realty | PairCorr |
0.73 | AHR | American Healthcare REIT, | PairCorr |
0.77 | AMT | American Tower Corp | PairCorr |
0.66 | BNL | Broadstone Net Lease | PairCorr |
Moving against Sun Stock
0.77 | ESBA | Empire State Realty | PairCorr |
0.77 | WHLR | Wheeler Real Estate | PairCorr |
0.75 | PK | Park Hotels Resorts | PairCorr |
0.71 | FISK | Empire State Realty | PairCorr |
0.7 | ESRT | Empire State Realty | PairCorr |
0.53 | PW | Power REIT Earnings Call This Week | PairCorr |
0.51 | UE | Urban Edge Properties | PairCorr |
0.5 | EQIX | Equinix | PairCorr |
0.68 | AAT | American Assets Trust | PairCorr |
0.64 | AHH | Armada Hflr Pr | PairCorr |
0.59 | BDN | Brandywine Realty Trust | PairCorr |
0.43 | BFS | Saul Centers | PairCorr |
0.42 | AKR | Acadia Realty Trust | PairCorr |
0.75 | DLR | Digital Realty Trust | PairCorr |
0.74 | CDP | COPT Defense Properties | PairCorr |
0.71 | DRH | Diamondrock Hospitality | PairCorr |
0.53 | BXP | Boston Properties | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Sun Stock performing well and Sun Communities 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 Sun Communities' 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
CLPR | 3.72 | (0.07) | 0.00 | (0.22) | 0.00 | 6.57 | 53.27 | |||
UDR | 1.04 | 0.02 | 0.00 | (0.02) | 0.00 | 1.90 | 6.14 | |||
UMH | 1.01 | (0.08) | 0.00 | (3.96) | 0.00 | 2.03 | 6.56 | |||
AMH | 1.09 | 0.01 | 0.00 | (0.06) | 0.00 | 1.63 | 7.18 | |||
ELS | 1.06 | 0.04 | 0.06 | 0.03 | 1.54 | 1.82 | 7.02 | |||
NXRT | 1.38 | (0.23) | 0.00 | 0.67 | 0.00 | 2.12 | 6.46 | |||
EQR | 1.04 | (0.01) | 0.00 | (0.09) | 0.00 | 1.85 | 6.21 | |||
MAA | 1.02 | 0.07 | 0.09 | 0.13 | 1.26 | 1.70 | 6.07 | |||
ESS | 1.08 | 0.07 | 0.06 | 0.03 | 1.50 | 2.21 | 6.26 | |||
AVB | 0.96 | (0.06) | 0.00 | (0.19) | 0.00 | 2.29 | 5.27 |