Global Net Correlations

GNL-PD Stock

23.96 0.19 0.79%

The current 90-days correlation between Global Net Lease and Essential Properties Realty is 0.15 (i.e., Average diversification). The correlation of Global Net 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.

Global Net Correlation With Market

Weak diversification

The correlation between Global Net Lease and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Net Lease and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Global Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Net Lease. 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.

Moving together with Global Stock

0.69	BNL	Broadstone Net Lease	Pair Corr
0.64	CIP	Centuria Industrial REIT	Pair Corr
0.82	REXR	Rexford Industrial Realty	Pair Corr
0.67	TRNO	Terreno Realty	Pair Corr
0.8	VLYPP	Valley National Bancorp	Pair Corr
0.61	FICO	Fair Isaac	Pair Corr
0.74	BHR-PD	Braemar Hotels Resorts	Pair Corr
0.63	IVZ	Invesco Plc	Pair Corr

Moving against Global Stock

0.81	HCW	Healthco Healthcare and	Pair Corr
0.66	AOF	Australian Unity Office	Pair Corr
0.46	NLOP	Net Lease Office	Pair Corr
0.41	180101	Bosera CMSK Industrial	Pair Corr
0.39	NSR	National Storage REIT	Pair Corr
0.35	SBRA	Sabra Healthcare REIT	Pair Corr
0.46	OPINL	Office Properties Income	Pair Corr
0.36	TCI	Transcontinental Realty	Pair Corr
0.44	SHCAF	Sharp Tech Boost	Pair Corr

Related Correlations Analysis

	EPRT	REXR	DRH	RITM	RHP	BPYPO	MRP	DBRG	KRC
EPRT		0.12	0.26	-0.01	0.01	-0.19	0.04	-0.1	-0.39	EPRT
REXR	0.12		0.05	-0.32	-0.12	0.56	0.33	0.42	0.62	REXR
DRH	0.26	0.05		0.34	0.64	-0.17	0.14	-0.67	0.26	DRH
RITM	-0.01	-0.32	0.34		0.88	-0.63	0.59	-0.31	-0.12	RITM
RHP	0.01	-0.12	0.64	0.88		-0.48	0.54	-0.47	0.08	RHP
BPYPO	-0.19	0.56	-0.17	-0.63	-0.48		-0.03	0.39	0.55	BPYPO
MRP	0.04	0.33	0.14	0.59	0.54	-0.03		0.15	0.3	MRP
DBRG	-0.1	0.42	-0.67	-0.31	-0.47	0.39	0.15		0.16	DBRG
KRC	-0.39	0.62	0.26	-0.12	0.08	0.55	0.3	0.16		KRC
	EPRT	REXR	DRH	RITM	RHP	BPYPO	MRP	DBRG	KRC

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

RHP	+ 0.88	RITM
RHP	+ 0.64	DRH
KRC	+ 0.62	REXR
MRP	+ 0.59	RITM
BPYPO	+ 0.56	REXR
KRC	+ 0.55	BPYPO

High negative correlations

DBRG	- 0.67	DRH
BPYPO	- 0.63	RITM
BPYPO	- 0.48	RHP
DBRG	- 0.47	RHP
KRC	- 0.39	EPRT
RITM	- 0.32	REXR

Risk-Adjusted Indicators

There is a big difference between Global Stock performing well and Global Net 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 Global Net'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
EPRT	0.87	0.01	(0.02)	0.10	1.09	(0.89)	1.61	(1.87)	4.23
REXR	1.17	0.07	0.06	0.13	1.08	(1.57)	3.00	(1.92)	9.30
DRH	1.14	0.14	0.13	0.22	0.83	(1.49)	2.65	(1.73)	10.86
RITM	0.87	(0.19)	0.00	(0.16)	0.00	0.00	1.30	(2.01)	5.57
RHP	1.04	(0.04)	(0.05)	0.01	1.21	(1.16)	2.36	(2.18)	6.88
BPYPO	0.86	0.06	0.00	0.42	1.25	(0.89)	1.60	(2.64)	6.12
MRP	1.07	(0.05)	0.00	(0.02)	0.00	0.00	2.12	(2.08)	6.46
DBRG	2.31	(0.37)	0.00	(0.06)	0.00	0.00	4.63	(5.22)	25.40
KRC	1.01	0.07	0.04	0.17	1.07	(1.16)	2.05	(1.98)	6.03

Global Net Corporate Management

Jesse Galloway	Executive Counsel	Profile
Jason Slear	Executive Acquisitions	Profile
Ori Kravel	Senior Development	Profile
Alex Wagstaff	Vice Management	Profile

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