National Retail Correlations

NNN Stock

USD 42.74 0.41 0.95%

The current 90-days correlation between National Retail Prop and Agree Realty is 0.11 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as National Retail moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if National Retail Properties moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

National Retail Correlation With Market

Good diversification

The correlation between National Retail Properties and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding National Retail Properties and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with National Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Retail Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with National Stock

0.65	O	Realty Income	Pair Corr
0.77	Z	Zillow Group Class	Pair Corr
0.65	PK	Park Hotels Resorts	Pair Corr
0.74	UE	Urban Edge Properties	Pair Corr
0.69	VICI	VICI Properties	Pair Corr
0.75	ELME	Elme Communities	Pair Corr
0.69	WELL	Welltower	Pair Corr
0.69	ESBA	Empire State Realty	Pair Corr
0.67	ESRT	Empire State Realty Earnings Call This Week	Pair Corr
0.67	FISK	Empire State Realty	Pair Corr
0.77	AAT	American Assets Trust	Pair Corr
0.83	AHR	American Healthcare REIT,	Pair Corr
0.94	AIV	Apartment Investment and	Pair Corr
0.69	BDN	Brandywine Realty Trust Earnings Call This Week	Pair Corr
0.67	BXP	Boston Properties Sell-off Trend	Pair Corr
0.85	CDP	COPT Defense Properties	Pair Corr
0.81	CIO	City Office	Pair Corr
0.73	CUZ	Cousins Properties	Pair Corr
0.76	DEA	Eerly Govt Ppty	Pair Corr
0.85	DEI	Douglas Emmett	Pair Corr
0.81	HIW	Highwoods Properties Earnings Call This Week	Pair Corr
0.73	HPP	Hudson Pacific Properties	Pair Corr
0.89	INN	Summit Hotel Properties	Pair Corr
0.78	KRC	Kilroy Realty Corp	Pair Corr
0.74	LXP	LXP Industrial Trust	Pair Corr

Moving against National Stock

0.53	WHLR	Wheeler Real Estate	Pair Corr
0.33	FCPT	Four Corners Property	Pair Corr
0.69	ADC	Agree Realty Earnings Call This Week	Pair Corr
0.79	MPW	Medical Properties Trust	Pair Corr
0.64	NHI	National Health Investors	Pair Corr
0.62	MDRR	Medalist Diversified Reit	Pair Corr
0.48	NXRT	Nexpoint Residential	Pair Corr

Related Correlations Analysis

	ADC	FRT	REG	NTST	KIM	WPC	UHT	ESS	EPR
ADC		-0.44	0.36	-0.58	-0.75	-0.46	-0.71	-0.54	-0.79	ADC
FRT	-0.44		0.23	0.22	0.56	0.48	0.53	0.57	0.51	FRT
REG	0.36	0.23		-0.52	0.04	-0.18	-0.38	0.13	-0.34	REG
NTST	-0.58	0.22	-0.52		0.62	0.78	0.87	0.56	0.81	NTST
KIM	-0.75	0.56	0.04	0.62		0.63	0.74	0.79	0.82	KIM
WPC	-0.46	0.48	-0.18	0.78	0.63		0.84	0.61	0.8	WPC
UHT	-0.71	0.53	-0.38	0.87	0.74	0.84		0.66	0.95	UHT
ESS	-0.54	0.57	0.13	0.56	0.79	0.61	0.66		0.64	ESS
EPR	-0.79	0.51	-0.34	0.81	0.82	0.8	0.95	0.64		EPR
	ADC	FRT	REG	NTST	KIM	WPC	UHT	ESS	EPR

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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

EPR	+ 0.95	UHT
UHT	+ 0.87	NTST
UHT	+ 0.84	WPC
EPR	+ 0.82	KIM
EPR	+ 0.81	NTST
EPR	+ 0.8	WPC

High negative correlations

EPR	- 0.79	ADC
KIM	- 0.75	ADC
UHT	- 0.71	ADC
NTST	- 0.58	ADC
ESS	- 0.54	ADC
NTST	- 0.52	REG

Risk-Adjusted Indicators

There is a big difference between National Stock performing well and National Retail 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 National Retail'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
ADC	0.83	(0.08)	0.00	0.97	0.00	0.00	1.40	(1.59)	4.22
FRT	0.97	0.13	(0.03)	(0.37)	1.10	(1.01)	2.06	(1.96)	7.71
REG	0.74	(0.08)	(0.14)	0.00	0.94	(0.80)	1.68	(1.33)	4.63
NTST	1.00	0.24	0.06	(0.90)	1.04	(1.07)	2.07	(2.16)	5.71
KIM	1.03	0.00	(0.01)	0.14	1.17	(1.12)	2.11	(1.98)	8.10
WPC	0.87	0.11	(0.02)	(2.22)	0.93	(1.01)	1.90	(1.55)	6.24
UHT	0.91	0.18	0.02	(0.94)	0.95	(0.99)	2.06	(1.73)	5.32
ESS	0.96	0.00	(0.03)	0.13	1.18	(0.96)	2.02	(1.63)	6.30
EPR	0.87	0.36	0.19	4.68	0.78	(1.01)	2.61	(1.63)	5.72

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