SL Green Correlations

SLG Stock

USD 44.85 0.92 2.09%

The current 90-days correlation between SL Green Realty and Harmony Gold Mining is 0.01 (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

Modest diversification

The correlation between SL Green Realty and DJI is 0.26 (i.e., Modest 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.

Build AI portfolio with SLG Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SL Green Realty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with SLG Stock

0.76	OPINL	Office Properties Income	Pair Corr
0.73	ESALF	Eisai Co	Pair Corr
0.89	ARE	Alexandria Real Estate	Pair Corr
0.68	HPQ	HP Inc Earnings Call Tomorrow	Pair Corr
0.67	T	ATT Inc	Pair Corr
0.92	HD	Home Depot	Pair Corr

Moving against SLG Stock

0.72	MRK	Merck Company Aggressive Push	Pair Corr
0.67	DD	Dupont De Nemours	Pair Corr
0.65	IBM	International Business	Pair Corr
0.59	TUXS	Tuxis	Pair Corr
0.58	AA	Alcoa Corp	Pair Corr
0.56	INTC	Intel Aggressive Push	Pair Corr
0.4	SZKMF	Suzuki Motor	Pair Corr
0.39	GE	GE Aerospace	Pair Corr
0.32	BAC	Bank of America	Pair Corr

Related Correlations Analysis

	HGMCF	TSGTF	PIUTQ	B	JSDA	TBEV
HGMCF		0.36	0.0	0.67	-0.56	0.0	HGMCF
TSGTF	0.36		0.0	0.34	-0.15	0.0	TSGTF
PIUTQ	0.0	0.0		0.0	0.0	0.0	PIUTQ
B	0.67	0.34	0.0		-0.43	0.0	B
JSDA	-0.56	-0.15	0.0	-0.43		0.0	JSDA
TBEV	0.0	0.0	0.0	0.0	0.0		TBEV
	HGMCF	TSGTF	PIUTQ	B	JSDA	TBEV

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

B	+ 0.67	HGMCF
TSGTF	+ 0.36	HGMCF
B	+ 0.34	TSGTF
PIUTQ	+ 0.0	HGMCF
TBEV	+ 0.0	HGMCF
PIUTQ	+ 0.0	TSGTF

High negative correlations

JSDA	- 0.56	HGMCF
JSDA	- 0.43	B
JSDA	- 0.15	TSGTF
TBEV	- 0.0	JSDA
TBEV	- 0.0	B
TBEV	- 0.0	PIUTQ

Risk-Adjusted Indicators

There is a big difference between SLG 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HGMCF	1.60	0.17	0.02	(1.26)	3.45	(3.59)	6.27	(1.81)	25.92
TSGTF	1.69	0.12	0.02	0.65	2.25	(3.12)	4.47	(4.84)	14.61
PIUTQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
B	2.20	0.64	0.20	0.83	2.53	(2.47)	5.17	(4.20)	19.01
JSDA	3.22	(0.01)	0.00	0.00	3.78	(6.07)	5.88	(5.88)	23.03
TBEV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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