Simon Property Correlations

SPG-PJ Preferred Stock

USD 59.40 0.70 1.19%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Simon Property moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Simon Property Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Simon Property Correlation With Market

Good diversification

The correlation between Simon Property Group and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simon Property Group and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Simon Property could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Simon Property 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 Simon Property - 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 Simon Property Group to buy it.

Moving against Simon Preferred Stock

0.5	CBL	CBL Associates Properties	Pair Corr
0.5	GTY	Getty Realty	Pair Corr
0.46	BFS	Saul Centers	Pair Corr
0.41	AKR	Acadia Realty Trust	Pair Corr
0.41	MAC	Macerich	Pair Corr
0.38	CDR-PB	Cedar Realty Trust	Pair Corr
0.37	UE	Urban Edge Properties Earnings Call Tomorrow	Pair Corr
0.36	CDR-PC	Cedar Realty Trust	Pair Corr
0.33	IVT	Inventrust Properties	Pair Corr
0.32	WHLR	Wheeler Real Estate Earnings Call Tomorrow	Pair Corr
0.31	BFS-PE	Saul Centers	Pair Corr
0.54	KIM-PL	Kimco Realty	Pair Corr
0.51	KIM-PM	Kimco Realty	Pair Corr
0.49	SRG	Seritage Growth Prop Earnings Call This Week	Pair Corr
0.43	SKT	Tanger Factory Outlet	Pair Corr
0.42	SPG	Simon Property Group	Pair Corr
0.39	SITC	Site Centers Corp	Pair Corr
0.37	FRT-PC	Federal Realty Investment	Pair Corr
0.36	KIM-PN	Kimco Realty	Pair Corr
0.33	ALEX	Alexander Baldwin	Pair Corr

Related Correlations Analysis

	KIM-PM	BFS-PE	BFS	UE	RPT	SITC	KRG	CDR-PC
KIM-PM		0.89	0.78	0.82	0.9	0.77	0.66	0.5	KIM-PM
BFS-PE	0.89		0.7	0.78	0.88	0.69	0.69	0.54	BFS-PE
BFS	0.78	0.7		0.84	0.82	0.82	0.7	0.46	BFS
UE	0.82	0.78	0.84		0.87	0.92	0.83	0.21	UE
RPT	0.9	0.88	0.82	0.87		0.8	0.75	0.47	RPT
SITC	0.77	0.69	0.82	0.92	0.8		0.71	0.09	SITC
KRG	0.66	0.69	0.7	0.83	0.75	0.71		0.25	KRG
CDR-PC	0.5	0.54	0.46	0.21	0.47	0.09	0.25		CDR-PC
	KIM-PM	BFS-PE	BFS	UE	RPT	SITC	KRG	CDR-PC

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Risk-Adjusted Indicators

There is a big difference between Simon Preferred Stock performing well and Simon Property 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 Simon Property'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
KIM-PM	0.50	(0.06)	0.00	(5.22)	0.00	0.00	0.91	(1.00)	3.42
BFS-PE	1.01	(0.08)	0.00	2.21	0.00	0.00	2.02	(2.07)	5.40
BFS	1.13	(0.12)	0.00	2.64	0.00	0.00	1.98	(2.56)	7.66
UE	1.50	(0.10)	0.00	21.08	0.00	0.00	2.24	(3.55)	11.26
RPT	2.03	(0.03)	0.04	0.02	2.62	(2.51)	5.63	(4.35)	21.67
SITC	1.32	(0.33)	0.00	72.32	0.00	0.00	1.80	(3.71)	9.61
KRG	1.44	0.01	0.06	0.10	1.99	(1.45)	2.39	(3.36)	8.98
CDR-PC	0.92	0.02	0.10	(0.24)	1.38	(0.96)	1.24	(2.14)	12.90

Be your own money manager

Our tools can tell you how much better you can do entering a position in Simon Property 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.

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Simon Property Corporate Management

Steven Broadwater	VP Operations	Profile
John Rulli	Chief Officer	Profile
Adam Reuille	VP Officer	Profile
Ali Slocum	VP PR	Profile
Thomas Ward	VP Relations	Profile
Stanley Shashoua	Chief Officer	Profile
Steven Fivel	G Sec	Profile

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