W P Correlations

WPC Stock

USD 62.73 1.09 1.77%

The current 90-days correlation between W P Carey and STAG Industrial is -0.08 (i.e., Good 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

Good diversification

The correlation between W P Carey and DJI is -0.06 (i.e., Good 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

0.62	O	Realty Income	Pair Corr
0.76	DX	Dynex Capital Sell-off Trend	Pair Corr
0.77	FR	First Industrial Realty	Pair Corr
0.77	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.73	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.67	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.77	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.78	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.77	MITT-PA	AG Mortgage Investment	Pair Corr
0.8	MITT-PB	AG Mortgage Investment	Pair Corr
0.62	ELME	Elme Communities	Pair Corr
0.82	WELL	Welltower	Pair Corr

Moving against WPC Stock

0.51	PK	Park Hotels Resorts	Pair Corr
0.37	OZ	Belpointe PREP LLC	Pair Corr
0.6	ESBA	Empire State Realty	Pair Corr
0.51	AAT	American Assets Trust	Pair Corr
0.48	ESRT	Empire State Realty	Pair Corr
0.47	AHH	Armada Hflr Pr	Pair Corr
0.44	FISK	Empire State Realty	Pair Corr
0.37	WETH	Wetouch Technology Common	Pair Corr

Related Correlations Analysis

	STAG	NNN	MPW	OHI	O
STAG		0.8	0.28	0.66	0.86	STAG
NNN	0.8		-0.06	0.76	0.79	NNN
MPW	0.28	-0.06		-0.34	0.45	MPW
OHI	0.66	0.76	-0.34		0.5	OHI
O	0.86	0.79	0.45	0.5		O
	STAG	NNN	MPW	OHI	O

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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	+ 0.86	STAG
NNN	+ 0.8	STAG
O	+ 0.79	NNN
OHI	+ 0.76	NNN
OHI	+ 0.66	STAG
O	+ 0.5	OHI

High negative correlations

OHI	- 0.34	MPW
MPW	- 0.06	NNN

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
STAG	1.03	(0.02)	0.00	(0.02)	0.00	0.00	2.15	(2.43)	6.32
NNN	1.03	0.01	0.01	(0.11)	1.34	(1.00)	1.64	(2.32)	7.12
MPW	1.94	0.23	0.11	2.04	1.88	(2.45)	5.30	(3.86)	10.48
OHI	1.02	(0.07)	0.00	(0.17)	0.00	0.00	2.20	(2.64)	6.63
O	0.87	0.00	0.03	0.00	1.16	(0.85)	1.57	(1.83)	5.01

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