SL Green Correlations

Preferred Stocks . USA . 
Preferred Stock . SL Green Realty
SLG-PI Preferred Stock  USD 22.56  0.37  1.67%   
The current 90-days correlation between SL Green Realty and Vornado Realty Trust is 0.06 (i.e., Significant 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

Significant diversification

The correlation between SL Green Realty and DJI is 0.08 (i.e., Significant 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.
  
The ability to find closely correlated positions to SL Green could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SL Green when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SL Green - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SL Green Realty to buy it.

Moving together with SLG-PI Preferred Stock

  0.65VNO-PO Vornado Realty TrustPairCorr
  0.78CIO-PA City Office REITPairCorr
  0.71DX Dynex Capital Earnings Call TodayPairCorr
  0.68HR Healthcare Realty Trust Sell-off TrendPairCorr
  0.72KW Kennedy Wilson HoldingsPairCorr
  0.76PK Park Hotels ResortsPairCorr
  0.61VICI VICI PropertiesPairCorr

Moving against SLG-PI Preferred Stock

  0.44LB LandBridge CompanyPairCorr
  0.57EQIX EquinixPairCorr
  0.54EPRT Essential Properties Earnings Call TomorrowPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between SLG-PI Preferred 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in SL Green without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Portfolio Manager Now

   

Portfolio Manager

State of the art Portfolio Manager to monitor and improve performance of your invested capital
All  Next Launch Module

SL Green Corporate Management

Andrew MathiasPres DirectorProfile
Matthew DiLibertoChief OfficerProfile
Harrison SitomerChief OfficerProfile
Steven DurelsEx PropertyProfile
Maggie HuiChief OfficerProfile
Andrew LevineExec OfficerProfile
Edward PiccinichChief OfficerProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY