National Retail Correlations

NNN Stock

USD 42.01 0.28 0.66%

The current 90-days correlation between National Retail Prop and Federal Realty Investment is 0.6 (i.e., Poor 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

Very weak diversification

The correlation between National Retail Properties and DJI is 0.5 (i.e., Very weak 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

0.81	BNL	Broadstone Net Lease	Pair Corr
0.61	HIW	Highwoods Properties	Pair Corr
0.71	INVH	Invitation Homes	Pair Corr
0.8	O	Realty Income	Pair Corr
0.67	AHT-PD	Ashford Hospitality Trust Earnings Call Next Week	Pair Corr
0.77	VICI	VICI Properties	Pair Corr

Moving against National Stock

0.33

WHLR

Wheeler Real Estate

Pair Corr

Related Correlations Analysis

	AKR	FRT	O	WSR	ADC	SPG	KIM	UBA	UBP	BFS
AKR		0.84	-0.17	0.27	-0.5	0.88	0.78	0.0	0.0	0.79	AKR
FRT	0.84		-0.22	0.13	-0.52	0.92	0.94	0.0	0.0	0.78	FRT
O	-0.17	-0.22		0.15	0.8	-0.16	-0.08	0.0	0.0	-0.12	O
WSR	0.27	0.13	0.15		0.17	0.23	0.29	0.0	0.0	0.63	WSR
ADC	-0.5	-0.52	0.8	0.17		-0.57	-0.35	0.0	0.0	-0.37	ADC
SPG	0.88	0.92	-0.16	0.23	-0.57		0.89	0.0	0.0	0.83	SPG
KIM	0.78	0.94	-0.08	0.29	-0.35	0.89		0.0	0.0	0.81	KIM
UBA	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	UBA
UBP	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	UBP
BFS	0.79	0.78	-0.12	0.63	-0.37	0.83	0.81	0.0	0.0		BFS
	AKR	FRT	O	WSR	ADC	SPG	KIM	UBA	UBP	BFS

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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

KIM	+ 0.94	FRT
SPG	+ 0.92	FRT
KIM	+ 0.89	SPG
SPG	+ 0.88	AKR
FRT	+ 0.84	AKR
BFS	+ 0.83	SPG

High negative correlations

SPG	- 0.57	ADC
ADC	- 0.52	FRT
ADC	- 0.5	AKR
BFS	- 0.37	ADC
KIM	- 0.35	ADC
O	- 0.22	FRT

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
AKR	1.56	(0.26)	0.00	1.56	0.00	0.00	2.62	(3.42)	10.94
FRT	1.40	(0.09)	0.00	(0.22)	0.00	0.00	2.15	(3.48)	10.12
O	1.02	0.13	0.16	0.26	1.28	(1.09)	1.97	(1.86)	6.49
WSR	1.17	(0.02)	0.00	(0.16)	0.00	0.00	2.03	(2.95)	8.69
ADC	0.93	0.13	0.15	0.34	1.29	(0.87)	2.07	(1.64)	6.20
SPG	1.58	0.01	0.00	(0.12)	0.00	0.00	2.38	(3.83)	13.62
KIM	1.36	0.02	0.00	(0.11)	0.00	0.00	2.25	(3.06)	10.24
UBA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UBP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BFS	1.14	(0.08)	0.00	(0.27)	0.00	0.00	1.98	(2.56)	7.66

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