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

  0.85O Realty IncomePairCorr
  0.83FR First Industrial RealtyPairCorr
  0.61WY WeyerhaeuserPairCorr
  0.85VICI VICI PropertiesPairCorr
  0.71ELME Elme CommunitiesPairCorr
  0.83WELL WelltowerPairCorr
  0.76FCPT Four Corners PropertyPairCorr
  0.7ADC Agree RealtyPairCorr
  0.73AHR American Healthcare REIT,PairCorr
  0.77AMT American Tower CorpPairCorr
  0.66BNL Broadstone Net LeasePairCorr

Moving against Sun Stock

  0.77ESBA Empire State RealtyPairCorr
  0.77WHLR Wheeler Real EstatePairCorr
  0.75PK Park Hotels ResortsPairCorr
  0.71FISK Empire State RealtyPairCorr
  0.7ESRT Empire State RealtyPairCorr
  0.53PW Power REIT Earnings Call This WeekPairCorr
  0.51UE Urban Edge PropertiesPairCorr
  0.5EQIX EquinixPairCorr
  0.68AAT American Assets TrustPairCorr
  0.64AHH Armada Hflr PrPairCorr
  0.59BDN Brandywine Realty TrustPairCorr
  0.43BFS Saul CentersPairCorr
  0.42AKR Acadia Realty TrustPairCorr
  0.75DLR Digital Realty TrustPairCorr
  0.74CDP COPT Defense PropertiesPairCorr
  0.71DRH Diamondrock HospitalityPairCorr
  0.53BXP Boston PropertiesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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  3.72 (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