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.

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

For more detail on how to invest in Sun Stock please use our How to Invest in Sun Communities guide.

Moving together with Sun Stock

0.85	O	Realty Income	Pair Corr
0.83	FR	First Industrial Realty	Pair Corr
0.61	WY	Weyerhaeuser	Pair Corr
0.85	VICI	VICI Properties	Pair Corr
0.71	ELME	Elme Communities	Pair Corr
0.83	WELL	Welltower	Pair Corr
0.76	FCPT	Four Corners Property	Pair Corr
0.7	ADC	Agree Realty	Pair Corr
0.73	AHR	American Healthcare REIT,	Pair Corr
0.77	AMT	American Tower Corp	Pair Corr
0.66	BNL	Broadstone Net Lease	Pair Corr

Moving against Sun Stock

0.77	ESBA	Empire State Realty	Pair Corr
0.77	WHLR	Wheeler Real Estate	Pair Corr
0.75	PK	Park Hotels Resorts	Pair Corr
0.71	FISK	Empire State Realty	Pair Corr
0.7	ESRT	Empire State Realty	Pair Corr
0.53	PW	Power REIT Earnings Call This Week	Pair Corr
0.51	UE	Urban Edge Properties	Pair Corr
0.5	EQIX	Equinix	Pair Corr
0.68	AAT	American Assets Trust	Pair Corr
0.64	AHH	Armada Hflr Pr	Pair Corr
0.59	BDN	Brandywine Realty Trust	Pair Corr
0.43	BFS	Saul Centers	Pair Corr
0.42	AKR	Acadia Realty Trust	Pair Corr
0.75	DLR	Digital Realty Trust	Pair Corr
0.74	CDP	COPT Defense Properties	Pair Corr
0.71	DRH	Diamondrock Hospitality	Pair Corr
0.53	BXP	Boston Properties	Pair Corr

Related Correlations Analysis

	CLPR	UDR	UMH	AMH	ELS	NXRT	EQR	MAA	ESS	AVB
CLPR		0.35	0.55	0.48	0.17	0.66	0.26	0.02	0.03	0.31	CLPR
UDR	0.35		0.51	0.61	0.73	0.53	0.83	0.86	0.88	0.51	UDR
UMH	0.55	0.51		0.8	0.46	0.92	0.36	0.12	0.19	0.38	UMH
AMH	0.48	0.61	0.8		0.52	0.76	0.45	0.22	0.29	0.37	AMH
ELS	0.17	0.73	0.46	0.52		0.35	0.55	0.66	0.68	0.32	ELS
NXRT	0.66	0.53	0.92	0.76	0.35		0.45	0.09	0.21	0.51	NXRT
EQR	0.26	0.83	0.36	0.45	0.55	0.45		0.68	0.81	0.85	EQR
MAA	0.02	0.86	0.12	0.22	0.66	0.09	0.68		0.94	0.25	MAA
ESS	0.03	0.88	0.19	0.29	0.68	0.21	0.81	0.94		0.46	ESS
AVB	0.31	0.51	0.38	0.37	0.32	0.51	0.85	0.25	0.46		AVB
	CLPR	UDR	UMH	AMH	ELS	NXRT	EQR	MAA	ESS	AVB

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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	0.00	6.57	(8.98)	53.27
UDR	1.04	0.02	0.00	(0.02)	0.00	0.00	1.90	(2.03)	6.14
UMH	1.01	(0.08)	0.00	(3.96)	0.00	0.00	2.03	(2.25)	6.56
AMH	1.09	0.01	0.00	(0.06)	0.00	0.00	1.63	(2.46)	7.18
ELS	1.06	0.04	0.06	0.03	1.54	(1.00)	1.82	(2.37)	7.02
NXRT	1.38	(0.23)	0.00	0.67	0.00	0.00	2.12	(2.43)	6.46
EQR	1.04	(0.01)	0.00	(0.09)	0.00	0.00	1.85	(2.39)	6.21
MAA	1.02	0.07	0.09	0.13	1.26	(1.11)	1.70	(1.96)	6.07
ESS	1.08	0.07	0.06	0.03	1.50	(1.02)	2.21	(1.99)	6.26
AVB	0.96	(0.06)	0.00	(0.19)	0.00	0.00	2.29	(2.23)	5.27

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