SL Green Correlations

SLG Stock

USD 47.97 0.41 0.85%

The current 90-days correlation between SL Green Realty and Douglas Emmett is 0.62 (i.e., Poor diversification). The correlation of SL Green 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.

SL Green Correlation With Market

Modest diversification

The correlation between SL Green Realty and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SL Green Realty and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SLG Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SL Green Realty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with SLG Stock

0.9	BDN	Brandywine Realty Trust	Pair Corr
0.87	VNO	Vornado Realty Trust	Pair Corr
0.64	RS	Real Estate E	Pair Corr
0.64	OPINL	Office Properties Income	Pair Corr
0.76	NTNX	Nutanix	Pair Corr
0.81	IQ	iQIYI Inc Earnings Call Tomorrow	Pair Corr

Moving against SLG Stock

0.84	PHP	Primary Health Properties	Pair Corr
0.71	STAG	STAG Industrial	Pair Corr
0.61	FR	First Industrial Realty	Pair Corr
0.34	THRL	Target Healthcare REIT	Pair Corr
0.34	TRNO	Terreno Realty	Pair Corr
0.33	CIP	Centuria Industrial REIT	Pair Corr
0.77	MNPP	Merchants National	Pair Corr
0.75	MSB	Mesabi Trust	Pair Corr
0.72	ATCD	Altair Corp	Pair Corr
0.54	ANSLF	Ansell Limited	Pair Corr
0.51	CTRE	CareTrust REIT	Pair Corr
0.46	YCQH	YCQH Agricultural	Pair Corr
0.31	BLFS	BioLife Solutions	Pair Corr
0.74	NUAI	New Era Energy Symbol Change	Pair Corr
0.68	SSLLF	Siltronic AG	Pair Corr

Related Correlations Analysis

	BXP	DEI	KRC	ARE	VNO	HIW	HPP	PDM	OPI	CIO
BXP		0.42	0.82	0.4	0.78	0.73	0.36	0.92	0.04	0.35	BXP
DEI	0.42		0.14	0.89	0.71	0.86	0.93	0.6	-0.58	0.47	DEI
KRC	0.82	0.14		0.01	0.47	0.45	0.03	0.76	0.04	0.03	KRC
ARE	0.4	0.89	0.01		0.77	0.8	0.89	0.55	-0.35	0.7	ARE
VNO	0.78	0.71	0.47	0.77		0.84	0.74	0.79	-0.12	0.65	VNO
HIW	0.73	0.86	0.45	0.8	0.84		0.78	0.84	-0.43	0.59	HIW
HPP	0.36	0.93	0.03	0.89	0.74	0.78		0.5	-0.42	0.54	HPP
PDM	0.92	0.6	0.76	0.55	0.79	0.84	0.5		-0.15	0.39	PDM
OPI	0.04	-0.58	0.04	-0.35	-0.12	-0.43	-0.42	-0.15		-0.12	OPI
CIO	0.35	0.47	0.03	0.7	0.65	0.59	0.54	0.39	-0.12		CIO
	BXP	DEI	KRC	ARE	VNO	HIW	HPP	PDM	OPI	CIO

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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

HPP	+ 0.93	DEI
PDM	+ 0.92	BXP
ARE	+ 0.89	DEI
HPP	+ 0.89	ARE
HIW	+ 0.86	DEI
HIW	+ 0.84	VNO

High negative correlations

OPI	- 0.58	DEI
OPI	- 0.43	HIW
OPI	- 0.42	HPP
OPI	- 0.35	ARE
OPI	- 0.15	PDM
CIO	- 0.12	OPI

Risk-Adjusted Indicators

There is a big difference between SLG Stock performing well and SL Green 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 SL Green'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
BXP	1.33	0.09	0.04	0.20	1.61	(1.48)	2.66	(2.74)	9.49
DEI	1.39	(0.35)	0.00	(0.36)	0.00	0.00	3.27	(3.09)	9.75
KRC	1.01	0.07	0.04	0.17	1.07	(1.16)	2.05	(1.98)	6.03
ARE	1.87	(0.53)	0.00	(0.49)	0.00	0.00	2.71	(4.35)	23.71
VNO	1.51	(0.17)	0.00	(0.10)	0.00	0.00	3.72	(2.59)	10.21
HIW	0.93	(0.03)	(0.06)	(0.01)	1.17	(1.03)	2.15	(2.03)	6.60
HPP	2.11	(0.42)	0.00	(0.23)	0.00	0.00	5.41	(5.24)	15.23
PDM	1.10	0.06	0.02	0.14	1.80	(1.10)	2.49	(2.83)	10.34
OPI	12.70	(0.89)	0.00	(0.33)	0.00	0.00	60.00	(31.33)	145.92
CIO	0.12	(0.03)	0.00	(0.12)	0.00	0.00	0.29	(0.29)	1.30

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