Sun Communities Correlations

SUI Stock  USD 136.15  2.94  2.21%   
The current 90-days correlation between Sun Communities and UDR Inc is -0.23 (i.e., Very good 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

Modest diversification

The correlation between Sun Communities and DJI is 0.27 (i.e., Modest 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

  0.77FR First Industrial RealtyPairCorr
  0.68VICI VICI PropertiesPairCorr
  0.77WELL WelltowerPairCorr
  0.64AHR American Healthcare REIT,PairCorr

Moving against Sun Stock

  0.58ESBA Empire State RealtyPairCorr
  0.51PK Park Hotels Resorts Sell-off TrendPairCorr
  0.47FISK Empire State RealtyPairCorr
  0.42ESRT Empire State RealtyPairCorr
  0.44BDN Brandywine Realty TrustPairCorr
  0.41AAT American Assets TrustPairCorr
  0.39AHH Armada Hflr PrPairCorr
  0.37BHR Braemar Hotel ResortsPairCorr
  0.66DRH Diamondrock HospitalityPairCorr
  0.49CDP COPT Defense PropertiesPairCorr
  0.49CIO City OfficePairCorr
  0.45DLR Digital Realty TrustPairCorr

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CLPR  3.37 (0.05) 0.01 (0.01) 3.73 
 5.90 
 50.04 
UDR  0.93  0.01  0.03 (0.09) 1.23 
 1.82 
 6.14 
UMH  1.04  0.00  0.00 (0.03) 0.00 
 2.42 
 6.96 
AMH  0.97 (0.01) 0.00 (0.04) 0.00 
 1.54 
 4.77 
ELS  1.02 (0.03) 0.00 (0.13) 0.00 
 1.71 
 7.02 
NXRT  1.35 (0.09) 0.00 (0.14) 0.00 
 2.11 
 6.46 
EQR  0.99  0.01  0.02 (0.18) 1.30 
 1.85 
 6.21 
MAA  0.95  0.11  0.10  0.27  1.10 
 1.70 
 6.07 
ESS  1.00  0.06  0.05  0.09  1.43 
 1.86 
 6.05 
AVB  0.88 (0.03) 0.00  0.36  0.00 
 2.29 
 5.22