W P Correlations

Stocks . USA . 
Stock . W P Carey
WPC Stock  USD 62.01  0.60  0.96%   
The current 90-days correlation between W P Carey and STAG Industrial is 0.64 (i.e., Poor diversification). The correlation of W P 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.

W P Correlation With Market

Modest diversification

The correlation between W P Carey and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding W P Carey and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in W P Carey. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with WPC Stock

  0.91O Realty Income Sell-off TrendPairCorr
  0.87FR First Industrial RealtyPairCorr
  0.92VICI VICI PropertiesPairCorr
  0.89ELME Elme CommunitiesPairCorr
  0.9WELL WelltowerPairCorr
  0.7FCPT Four Corners PropertyPairCorr
  0.73ADC Agree Realty Sell-off TrendPairCorr
  0.76ALX AlexandersPairCorr
  0.84AMT American Tower CorpPairCorr
  0.68BNL Broadstone Net LeasePairCorr

Moving against WPC Stock

  0.83PK Park Hotels ResortsPairCorr
  0.79ESBA Empire State RealtyPairCorr
  0.76WHLR Wheeler Real Estate Buyout TrendPairCorr
  0.76FISK Empire State RealtyPairCorr
  0.76AAT American Assets TrustPairCorr
  0.75ESRT Empire State RealtyPairCorr
  0.75AHH Armada Hflr PrPairCorr
  0.57EQIX EquinixPairCorr
  0.55PW Power REITPairCorr
  0.46UE Urban Edge PropertiesPairCorr
  0.41AKR Acadia Realty TrustPairCorr
  0.84CDP COPT Defense Properties Sell-off TrendPairCorr
  0.79DLR Digital Realty TrustPairCorr
  0.79DRH Diamondrock HospitalityPairCorr
  0.76BDN Brandywine Realty TrustPairCorr
  0.62BXP Boston PropertiesPairCorr
  0.61DEI Douglas EmmettPairCorr
  0.48CTO CTO Realty GrowthPairCorr
  0.45CIO City OfficePairCorr
  0.41BFS Saul CentersPairCorr
  0.32CUZ Cousins PropertiesPairCorr

Related Correlations Analysis

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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   
O
+ 0.91
STAG
NNN
+ 0.88
STAG
O
+ 0.86
MPW
O
+ 0.82
NNN
MPW
+ 0.73
STAG
MPW
+ 0.62
NNN
  
High negative correlations   
OHI
- 0.15
MPW

Risk-Adjusted Indicators

There is a big difference between WPC Stock performing well and W P 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 W P'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.

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