Urban Edge Correlations

UE Stock

USD 18.67 0.09 0.48%

The current 90-days correlation between Urban Edge Properties and Saul Centers is 0.71 (i.e., Poor diversification). The correlation of Urban Edge 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.

Urban Edge Correlation With Market

Very weak diversification

The correlation between Urban Edge Properties and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Urban Edge Properties 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 Urban Edge Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Urban Stock

0.82	EQIX	Equinix	Pair Corr
0.97	AKR	Acadia Realty Trust	Pair Corr
0.84	BFS	Saul Centers	Pair Corr
0.8	BRX	Brixmor Property	Pair Corr
0.72	CIO	City Office	Pair Corr
0.84	DEI	Douglas Emmett	Pair Corr
0.67	DLR	Digital Realty Trust	Pair Corr
0.62	EQC	Equity Commonwealth	Pair Corr
0.64	HIW	Highwoods Properties	Pair Corr
0.62	IRM	Iron Mountain	Pair Corr
0.79	IVT	Inventrust Properties	Pair Corr
0.73	KRC	Kilroy Realty Corp	Pair Corr
0.86	KRG	Kite Realty Group	Pair Corr
0.65	PDM	Piedmont Office Realty	Pair Corr
0.81	PGRE	Paramount Group	Pair Corr
0.74	SITC	Site Centers Corp	Pair Corr
0.78	CMCT	Creative Media Community Earnings Call Tomorrow	Pair Corr
0.74	KW	Kennedy Wilson Holdings	Pair Corr
0.77	PK	Park Hotels Resorts	Pair Corr
0.71	RC	Ready Capital Corp	Pair Corr

Moving against Urban Stock

0.54	AMT	American Tower Corp	Pair Corr
0.5	O	Realty Income	Pair Corr
0.48	CSGP	CoStar Group	Pair Corr
0.47	HASI	Hannon Armstrong Sus	Pair Corr
0.45	NTST	Netstreit Corp	Pair Corr
0.43	CCI	Crown Castle	Pair Corr
0.39	GLPI	Gaming Leisure Properties	Pair Corr
0.35	SBAC	SBA Communications Corp	Pair Corr
0.68	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.65	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.61	DX	Dynex Capital	Pair Corr
0.61	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.58	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.56	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.56	MITT-PC	AG Mortgage Investment	Pair Corr
0.48	VICI	VICI Properties	Pair Corr
0.42	MITT-PA	AG Mortgage Investment	Pair Corr
0.41	ELME	Elme Communities	Pair Corr
0.37	FR	First Industrial Realty	Pair Corr

Related Correlations Analysis

	BFS	RPT	SITC	KRG	ROIC	IVT	NTST	AKR	UBP
BFS		-0.25	0.51	0.88	-0.67	0.53	-0.14	0.76	0.0	BFS
RPT	-0.25		-0.43	-0.43	0.65	0.19	0.37	-0.03	0.0	RPT
SITC	0.51	-0.43		0.69	-0.83	0.54	-0.7	0.73	0.0	SITC
KRG	0.88	-0.43	0.69		-0.84	0.56	-0.34	0.78	0.0	KRG
ROIC	-0.67	0.65	-0.83	-0.84		-0.34	0.65	-0.64	0.0	ROIC
IVT	0.53	0.19	0.54	0.56	-0.34		-0.23	0.87	0.0	IVT
NTST	-0.14	0.37	-0.7	-0.34	0.65	-0.23		-0.45	0.0	NTST
AKR	0.76	-0.03	0.73	0.78	-0.64	0.87	-0.45		0.0	AKR
UBP	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		UBP
	BFS	RPT	SITC	KRG	ROIC	IVT	NTST	AKR	UBP

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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

KRG	+ 0.88	BFS
AKR	+ 0.87	IVT
AKR	+ 0.78	KRG
AKR	+ 0.76	BFS
AKR	+ 0.73	SITC
KRG	+ 0.69	SITC

High negative correlations

ROIC	- 0.84	KRG
ROIC	- 0.83	SITC
NTST	- 0.7	SITC
ROIC	- 0.67	BFS
AKR	- 0.64	ROIC
AKR	- 0.45	NTST

Risk-Adjusted Indicators

There is a big difference between Urban Stock performing well and Urban Edge 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 Urban Edge'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
BFS	0.93	(0.13)	0.00	(0.34)	0.00	0.00	1.46	(2.42)	4.29
RPT	1.88	0.13	0.06	0.05	1.93	(2.36)	4.43	(3.57)	11.82
SITC	1.15	(0.25)	0.00	(0.44)	0.00	0.00	2.14	(2.91)	8.55
KRG	1.32	(0.18)	0.00	(0.28)	0.00	0.00	2.40	(3.16)	6.49
ROIC	0.10	0.02	0.66	1.54	0.00	(0.13)	0.23	(0.17)	0.58
IVT	0.96	(0.08)	0.00	(0.22)	0.00	0.00	1.57	(2.09)	4.36
NTST	1.20	0.05	0.05	0.07	1.65	(1.24)	2.92	(2.98)	7.48
AKR	1.31	(0.20)	0.00	(0.30)	0.00	0.00	2.14	(2.97)	7.30
UBP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Urban Edge Corporate Management

Lisa Tronzano	Senior Resources	Profile
Susan Givens	Independent Trustee	Profile
Steven Grapstein	Independent Trustee	Profile
Kevin OShea	Independent Trustee	Profile
Amy Lane	Lead Independent Trustee	Profile
Leigh Lyons	Senior Leasing	Profile

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