Whitestone REIT Correlations

WSR Stock

USD 13.79 0.41 2.89%

The current 90-days correlation between Whitestone REIT and Urstadt Biddle is -0.09 (i.e., Good diversification). The correlation of Whitestone REIT 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Whitestone REIT Correlation With Market

Significant diversification

The correlation between Whitestone REIT and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Whitestone REIT 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 Whitestone REIT. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

To learn how to invest in Whitestone Stock, please use our How to Invest in Whitestone REIT guide.

Moving together with Whitestone Stock

0.77	DEI	Douglas Emmett	Pair Corr
0.61	PK	Park Hotels Resorts	Pair Corr
0.7	UE	Urban Edge Properties	Pair Corr

Moving against Whitestone Stock

0.59	UK	Ucommune International	Pair Corr
0.58	WHLR	Wheeler Real Estate	Pair Corr
0.44	HPP	Hudson Pacific Properties	Pair Corr
0.42	OPINL	Office Properties Income	Pair Corr
0.42	O	Realty Income	Pair Corr
0.39	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.36	BNL	Broadstone Net Lease	Pair Corr
0.32	NHI	National Health Investors	Pair Corr
0.6	VTMX	Corporacin Inmobiliaria	Pair Corr
0.59	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.48	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.47	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.46	BFS-PD	Saul Centers	Pair Corr
0.43	ADC-PA	Agree Realty	Pair Corr
0.43	VNO-PL	Vornado Realty Trust	Pair Corr
0.42	BFS-PE	Saul Centers	Pair Corr

Related Correlations Analysis

	REG	UBP	BFS	ROIC	RPT	SITC	AKR	KRG	NNN	FRT
REG		0.83	0.07	0.9	-0.52	-0.81	0.74	0.39	-0.7	0.54	REG
UBP	0.83		-0.3	0.89	-0.74	-0.94	0.51	0.1	-0.92	0.1	UBP
BFS	0.07	-0.3		-0.04	0.3	0.3	0.38	0.72	0.41	0.63	BFS
ROIC	0.9	0.89	-0.04		-0.66	-0.88	0.64	0.34	-0.84	0.31	ROIC
RPT	-0.52	-0.74	0.3	-0.66		0.65	-0.26	0.06	0.77	0.18	RPT
SITC	-0.81	-0.94	0.3	-0.88	0.65		-0.52	-0.06	0.91	-0.09	SITC
AKR	0.74	0.51	0.38	0.64	-0.26	-0.52		0.73	-0.37	0.76	AKR
KRG	0.39	0.1	0.72	0.34	0.06	-0.06	0.73		0.02	0.79	KRG
NNN	-0.7	-0.92	0.41	-0.84	0.77	0.91	-0.37	0.02		0.07	NNN
FRT	0.54	0.1	0.63	0.31	0.18	-0.09	0.76	0.79	0.07		FRT
	REG	UBP	BFS	ROIC	RPT	SITC	AKR	KRG	NNN	FRT

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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

NNN	+ 0.91	SITC
ROIC	+ 0.9	REG
ROIC	+ 0.89	UBP
UBP	+ 0.83	REG
FRT	+ 0.79	KRG
NNN	+ 0.77	RPT

High negative correlations

SITC	- 0.94	UBP
NNN	- 0.92	UBP
SITC	- 0.88	ROIC
NNN	- 0.84	ROIC
SITC	- 0.81	REG
RPT	- 0.74	UBP

Risk-Adjusted Indicators

There is a big difference between Whitestone Stock performing well and Whitestone REIT 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 Whitestone REIT'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
REG	0.76	0.03	0.01	0.28	1.00	(0.82)	1.32	(1.74)	4.53
UBP	1.62	0.63	0.45	(0.89)	0.80	(2.14)	3.18	(2.04)	30.37
BFS	0.83	(0.10)	0.00	(0.38)	0.00	0.00	1.66	(1.88)	6.74
ROIC	0.56	0.16	0.18	2.61	0.39	(0.66)	1.42	(1.22)	9.02
RPT	1.48	(0.09)	0.00	(1.13)	0.00	0.00	3.07	(2.64)	10.12
SITC	1.06	(0.18)	0.00	1.38	0.00	0.00	2.33	(1.96)	6.57
AKR	0.88	0.06	0.04	0.25	1.25	(0.86)	1.73	(1.65)	6.68
KRG	0.88	(0.06)	0.00	(0.30)	0.00	0.00	1.60	(2.00)	6.60
NNN	0.87	(0.26)	0.00	(41.85)	0.00	0.00	1.46	(2.50)	6.53
FRT	0.80	(0.04)	0.00	(0.18)	0.00	0.00	1.49	(1.99)	5.92

Whitestone REIT Corporate Management

Soklin Siv	Vice Resources	Profile
David Taylor	Lead Independent Trustee	Profile
Paul Lambert	Independent Trustee	Profile
David Mordy	Director Relations	Profile
Matthew Okmin	Regional Arizona	Profile
Michael Ly	Controller	Profile

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