Plymouth Industrial Correlations

PLYM Stock

USD 15.76 0.03 0.19%

The current 90-days correlation between Plymouth Industrial REIT and Terreno Realty is 0.72 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Plymouth Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Plymouth Industrial REIT moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Plymouth Industrial Correlation With Market

Very weak diversification

The correlation between Plymouth Industrial REIT and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Plymouth Industrial REIT and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Plymouth Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Plymouth Industrial REIT. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Plymouth Stock

0.81	BDN	Brandywine Realty Trust	Pair Corr
0.68	BXP	Boston Properties Earnings Call This Week	Pair Corr
0.89	HIW	Highwoods Properties	Pair Corr
0.69	PDM	Piedmont Office Realty Earnings Call This Week	Pair Corr
0.79	SLG	SL Green Realty	Pair Corr
0.78	VNO	Vornado Realty Trust	Pair Corr
0.73	FR	First Industrial Realty	Pair Corr
0.84	OZ	Belpointe PREP LLC	Pair Corr
0.71	WY	Weyerhaeuser Earnings Call Today	Pair Corr
0.65	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.68	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.65	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.69	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.78	DOUG	Douglas Elliman	Pair Corr
0.65	VNO-PL	Vornado Realty Trust	Pair Corr
0.61	VNO-PM	Vornado Realty Trust	Pair Corr
0.67	MITT-PB	AG Mortgage Investment	Pair Corr
0.75	MITT-PC	AG Mortgage Investment	Pair Corr

Moving against Plymouth Stock

0.73	OPI	Office Properties Income Earnings Call This Week	Pair Corr
0.48	INTG	Intergroup	Pair Corr
0.62	WHLR	Wheeler Real Estate	Pair Corr
0.52	FCPT	Four Corners Property Earnings Call This Week	Pair Corr
0.41	FBRT	Franklin BSP Realty Earnings Call This Week	Pair Corr
0.35	WETH	Wetouch Technology Common	Pair Corr

Related Correlations Analysis

	TRNO	LXP	REXR	FR	ILPT	PSTL	EPRT
TRNO		0.51	0.52	0.59	0.23	0.36	0.29	TRNO
LXP	0.51		0.86	0.66	0.6	0.75	0.32	LXP
REXR	0.52	0.86		0.71	0.82	0.83	-0.03	REXR
FR	0.59	0.66	0.71		0.48	0.31	-0.07	FR
ILPT	0.23	0.6	0.82	0.48		0.8	-0.33	ILPT
PSTL	0.36	0.75	0.83	0.31	0.8		0.13	PSTL
EPRT	0.29	0.32	-0.03	-0.07	-0.33	0.13		EPRT
	TRNO	LXP	REXR	FR	ILPT	PSTL	EPRT

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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

REXR	+ 0.86	LXP
PSTL	+ 0.83	REXR
ILPT	+ 0.82	REXR
PSTL	+ 0.8	ILPT
PSTL	+ 0.75	LXP
FR	+ 0.71	REXR

High negative correlations

EPRT	- 0.33	ILPT
EPRT	- 0.07	FR
EPRT	- 0.03	REXR

Risk-Adjusted Indicators

There is a big difference between Plymouth Stock performing well and Plymouth Industrial 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 Plymouth Industrial'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
TRNO	1.03	(0.18)	(0.11)	0.03	1.61	(0.93)	1.90	(2.53)	8.43
LXP	0.91	(0.02)	(0.06)	0.18	1.09	(0.95)	1.91	(1.75)	7.15
REXR	1.15	0.04	0.03	0.24	1.30	(1.20)	2.67	(2.45)	8.63
FR	0.95	(0.10)	(0.06)	0.11	1.23	(1.02)	1.95	(1.39)	7.30
ILPT	3.05	0.83	0.29	0.61	2.55	(3.80)	8.41	(4.79)	33.06
PSTL	0.91	0.09	(0.04)	0.48	0.91	(1.05)	2.06	(1.73)	7.10
EPRT	0.86	(0.13)	0.00	(0.24)	0.00	0.00	1.48	(1.79)	5.19

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