VICI Properties Correlations

VICI Stock

USD 31.53 0.48 1.50%

The correlation of VICI Properties 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.

VICI Properties Correlation With Market

Weak diversification

The correlation between VICI Properties and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VICI 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 VICI 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 main economic indicators.

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

Moving together with VICI Stock

0.62	WY	Weyerhaeuser	Pair Corr
0.95	AMT	American Tower Corp	Pair Corr
0.93	LXP	LXP Industrial Trust	Pair Corr
0.86	PCH	PotlatchDeltic Corp	Pair Corr
0.83	GLPI	Gaming Leisure Properties	Pair Corr
0.66	LAND	Gladstone Land	Pair Corr
0.95	O	Realty Income	Pair Corr
0.91	DX	Dynex Capital	Pair Corr
0.86	FR	First Industrial Realty	Pair Corr
0.83	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.81	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.81	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.85	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.83	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.73	VNO-PL	Vornado Realty Trust	Pair Corr

Moving against VICI Stock

0.83	OPINL	Office Properties Income	Pair Corr
0.79	DLR	Digital Realty Trust	Pair Corr
0.59	EQIX	Equinix	Pair Corr
0.33	OUT	Outfront Media Sell-off Trend	Pair Corr
0.81	PK	Park Hotels Resorts	Pair Corr
0.69	RC	Ready Capital Corp	Pair Corr
0.57	PW	Power REIT Earnings Call This Week	Pair Corr
0.44	UE	Urban Edge Properties	Pair Corr
0.34	UK	Ucommune International	Pair Corr
0.78	ESBA	Empire State Realty	Pair Corr
0.73	WETH	Wetouch Technology Common	Pair Corr
0.56	VTMX	Corporacin Inmobiliaria	Pair Corr
0.36	EARN	Ellington Residential Potential Growth	Pair Corr

Related Correlations Analysis

	BNL	SRC	AHH	BRSP	SAFE	EPRT	CTO	RTL	GOOD
BNL		0.0	-0.6	0.7	0.48	0.44	-0.48	0.0	-0.42	BNL
SRC	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	SRC
AHH	-0.6	0.0		-0.32	0.01	0.02	0.52	0.0	0.79	AHH
BRSP	0.7	0.0	-0.32		0.57	0.67	-0.24	0.0	-0.08	BRSP
SAFE	0.48	0.0	0.01	0.57		0.24	-0.08	0.0	-0.19	SAFE
EPRT	0.44	0.0	0.02	0.67	0.24		-0.08	0.0	0.28	EPRT
CTO	-0.48	0.0	0.52	-0.24	-0.08	-0.08		0.0	0.58	CTO
RTL	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	RTL
GOOD	-0.42	0.0	0.79	-0.08	-0.19	0.28	0.58	0.0		GOOD
	BNL	SRC	AHH	BRSP	SAFE	EPRT	CTO	RTL	GOOD

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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

GOOD	+ 0.79	AHH
BRSP	+ 0.7	BNL
EPRT	+ 0.67	BRSP
GOOD	+ 0.58	CTO
SAFE	+ 0.57	BRSP
CTO	+ 0.52	AHH

High negative correlations

AHH	- 0.6	BNL
CTO	- 0.48	BNL
GOOD	- 0.42	BNL
BRSP	- 0.32	AHH
CTO	- 0.24	BRSP
GOOD	- 0.19	SAFE

Risk-Adjusted Indicators

There is a big difference between VICI Stock performing well and VICI Properties 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 VICI Properties' 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
BNL	1.02	0.08	0.09	0.10	1.23	(1.14)	2.15	(2.29)	4.51
SRC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AHH	1.27	(0.41)	0.00	(0.56)	0.00	0.00	1.95	(3.69)	14.92
BRSP	1.13	(0.04)	0.00	6.86	0.00	0.00	2.74	(1.90)	5.52
SAFE	1.87	(0.13)	0.00	0.20	0.00	0.00	3.33	(3.99)	11.05
EPRT	1.12	(0.06)	0.00	0.14	0.00	0.00	2.32	(2.41)	5.55
CTO	1.08	(0.01)	0.00	(0.09)	0.00	0.00	1.86	(2.69)	7.86
RTL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GOOD	0.90	(0.12)	0.00	(0.25)	0.00	0.00	1.77	(2.10)	5.43

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