Terreno Realty Correlations

TRNO Stock

USD 64.10 1.12 1.72%

The current 90-days correlation between Terreno Realty and Plymouth Industrial REIT is 0.62 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Terreno Realty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Terreno Realty moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Terreno Realty Correlation With Market

Very weak diversification

The correlation between Terreno Realty and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Terreno 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 Terreno 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 board of governors.

To learn how to invest in Terreno Stock, please use our How to Invest in Terreno Realty guide.

Moving together with Terreno Stock

0.8	WY	Weyerhaeuser	Pair Corr
0.73	LXP	LXP Industrial Trust	Pair Corr
0.84	O	Realty Income	Pair Corr
0.87	DX	Dynex Capital	Pair Corr
0.97	FR	First Industrial Realty	Pair Corr
0.9	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.89	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.87	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.87	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.88	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.77	VICI	VICI Properties	Pair Corr
0.75	MITT-PA	AG Mortgage Investment	Pair Corr
0.8	MITT-PB	AG Mortgage Investment	Pair Corr
0.9	MITT-PC	AG Mortgage Investment	Pair Corr
0.71	ELME	Elme Communities	Pair Corr
0.92	WELL	Welltower	Pair Corr
0.82	CDR-PB	Cedar Realty Trust	Pair Corr
0.65	CDR-PC	Cedar Realty Trust	Pair Corr

Moving against Terreno Stock

0.72	PK	Park Hotels Resorts	Pair Corr
0.6	PW	Power REIT Earnings Call This Week	Pair Corr
0.5	OZ	Belpointe PREP LLC	Pair Corr
0.48	RC	Ready Capital Corp	Pair Corr
0.46	UE	Urban Edge Properties	Pair Corr
0.41	EQIX	Equinix	Pair Corr
0.39	KW	Kennedy Wilson Holdings	Pair Corr
0.33	UK	Ucommune International	Pair Corr
0.85	WHLR	Wheeler Real Estate	Pair Corr
0.76	ESBA	Empire State Realty	Pair Corr
0.76	AAT	American Assets Trust	Pair Corr
0.72	WETH	Wetouch Technology Common	Pair Corr
0.68	ESRT	Empire State Realty	Pair Corr
0.65	FISK	Empire State Realty	Pair Corr
0.59	EXPI	eXp World Holdings	Pair Corr
0.59	AHH	Armada Hflr Pr	Pair Corr
0.53	ABR	Arbor Realty Trust	Pair Corr

Related Correlations Analysis

	PLYM	EGP	LXP	FR	REXR	INDT	COLD	SELF
PLYM		-0.35	0.1	-0.41	-0.24	0.0	0.18	0.19	PLYM
EGP	-0.35		0.83	0.99	0.78	0.0	0.54	0.02	EGP
LXP	0.1	0.83		0.78	0.61	0.0	0.61	-0.01	LXP
FR	-0.41	0.99	0.78		0.81	0.0	0.57	0.04	FR
REXR	-0.24	0.78	0.61	0.81		0.0	0.69	0.12	REXR
INDT	0.0	0.0	0.0	0.0	0.0		0.0	0.0	INDT
COLD	0.18	0.54	0.61	0.57	0.69	0.0		0.15	COLD
SELF	0.19	0.02	-0.01	0.04	0.12	0.0	0.15		SELF
	PLYM	EGP	LXP	FR	REXR	INDT	COLD	SELF

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FR	+ 0.99	EGP
LXP	+ 0.83	EGP
REXR	+ 0.81	FR
REXR	+ 0.78	EGP
FR	+ 0.78	LXP
COLD	+ 0.69	REXR

High negative correlations

FR	- 0.41	PLYM
EGP	- 0.35	PLYM
REXR	- 0.24	PLYM
SELF	- 0.01	LXP
SELF	- 0.0	INDT
COLD	- 0.0	INDT

Risk-Adjusted Indicators

There is a big difference between Terreno Stock performing well and Terreno Realty 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 Terreno Realty'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PLYM	1.26	(0.05)	0.00	(0.19)	0.00	0.00	3.03	(2.75)	7.67
EGP	1.04	0.14	0.12	0.13	1.24	(1.08)	1.87	(1.80)	7.67
LXP	1.15	0.09	0.06	0.04	1.46	(1.40)	2.26	(2.70)	6.95
FR	1.01	0.15	0.13	0.13	1.20	(1.11)	2.38	(1.82)	7.96
REXR	1.27	0.10	0.07	0.03	1.45	(1.48)	2.50	(2.51)	7.04
INDT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
COLD	1.46	0.02	0.00	(0.05)	0.00	0.00	3.13	(2.81)	9.98
SELF	0.80	0.04	0.07	0.07	1.16	(0.88)	1.78	(1.93)	6.04

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