Getty Realty Correlations

GTY Stock

USD 26.79 0.30 1.11%

The correlation of Getty Realty 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.

Getty Realty Correlation With Market

Modest diversification

The correlation between Getty Realty and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Getty Realty and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Getty Stock

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

For more information on how to buy Getty Stock please use our How to Invest in Getty Realty guide.

Moving together with Getty Stock

0.61

EQIX

Equinix

Pair Corr

Moving against Getty Stock

0.57	HR	Healthcare Realty Trust Sell-off Trend	Pair Corr
0.35	Z	Zillow Group Class	Pair Corr
0.33	VICI	VICI Properties	Pair Corr
0.59	AHT	Ashford Hospitality Trust	Pair Corr
0.53	ARE	Alexandria Real Estate Earnings Call This Week	Pair Corr
0.33	DEI	Douglas Emmett	Pair Corr
0.69	TRC	Tejon Ranch Potential Growth	Pair Corr
0.56	OPI	Office Properties Income	Pair Corr

Related Correlations Analysis

	FCPT	NTST	IVT	RPT	BFS	AKR	OLP	EGP
FCPT		-0.31	0.2	0.0	-0.25	0.37	0.1	-0.32	FCPT
NTST	-0.31		-0.42	-0.16	0.7	-0.63	0.25	0.22	NTST
IVT	0.2	-0.42		0.6	-0.12	0.74	0.29	0.54	IVT
RPT	0.0	-0.16	0.6		-0.11	0.33	-0.04	0.36	RPT
BFS	-0.25	0.7	-0.12	-0.11		-0.44	0.62	0.64	BFS
AKR	0.37	-0.63	0.74	0.33	-0.44		0.05	0.06	AKR
OLP	0.1	0.25	0.29	-0.04	0.62	0.05		0.53	OLP
EGP	-0.32	0.22	0.54	0.36	0.64	0.06	0.53		EGP
	FCPT	NTST	IVT	RPT	BFS	AKR	OLP	EGP

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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

AKR	+ 0.74	IVT
BFS	+ 0.7	NTST
EGP	+ 0.64	BFS
OLP	+ 0.62	BFS
RPT	+ 0.6	IVT
EGP	+ 0.54	IVT

High negative correlations

AKR	- 0.63	NTST
AKR	- 0.44	BFS
IVT	- 0.42	NTST
EGP	- 0.32	FCPT
NTST	- 0.31	FCPT
BFS	- 0.25	FCPT

Risk-Adjusted Indicators

There is a big difference between Getty Stock performing well and Getty Realty 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 Getty Realty'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
FCPT	0.74	(0.03)	0.00	1.01	0.00	0.00	1.52	(1.63)	4.83
NTST	1.00	0.24	0.06	(0.90)	1.04	(1.07)	2.07	(2.16)	5.71
IVT	0.88	(0.08)	(0.10)	0.02	1.11	(0.90)	1.83	(1.87)	5.41
RPT	1.57	0.01	0.01	0.14	1.65	(1.83)	3.65	(2.72)	10.00
BFS	1.08	0.07	(0.05)	(0.60)	1.41	(1.03)	2.00	(2.01)	6.66
AKR	1.22	(0.13)	(0.08)	(0.01)	1.59	(1.26)	2.59	(2.33)	9.22
OLP	0.93	(0.12)	0.00	(0.05)	0.00	0.00	1.77	(2.68)	7.76
EGP	0.88	0.00	(0.03)	0.13	1.18	(0.83)	1.88	(2.35)	6.01

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