Seritage Growth Correlations

SRG Stock

USD 3.25 0.03 0.93%

The current 90-days correlation between Seritage Growth Prop and Rithm Property Trust is 0.27 (i.e., Modest diversification). The correlation of Seritage Growth 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.

Seritage Growth Correlation With Market

Good diversification

The correlation between Seritage Growth Properties and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Seritage Growth Properties and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Seritage Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Seritage Growth 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 metropolitan statistical area.

Moving together with Seritage Stock

0.73	KW	Kennedy Wilson Holdings	Pair Corr
0.67	EXPI	eXp World Holdings Upward Rally	Pair Corr
0.78	AEI	Alset Ehome International	Pair Corr
0.73	BHM	Bluerock Homes Trust	Pair Corr
0.68	CBL	CBL Associates Properties	Pair Corr
0.64	CWK	Cushman Wakefield plc	Pair Corr
0.79	FOR	Forestar Group	Pair Corr
0.71	JLL	Jones Lang LaSalle	Pair Corr
0.77	ONL	Orion Office Reit	Pair Corr
0.65	DX	Dynex Capital	Pair Corr
0.68	HR	Healthcare Realty Trust	Pair Corr
0.65	PK	Park Hotels Resorts Earnings Call This Week	Pair Corr
0.74	UE	Urban Edge Properties Earnings Call This Week	Pair Corr
0.71	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.68	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.67	AHT-PG	Ashford Hospitality Trust	Pair Corr

Moving against Seritage Stock

0.4	MRNO	Murano Global Investments	Pair Corr
0.51	EPRT	Essential Properties	Pair Corr
0.48	EQIX	Equinix Earnings Call This Week	Pair Corr

Related Correlations Analysis

	RPT	SRG-PA	KIM	UE	SITC	RHP	ESRT	MAC
RPT		-0.13	0.15	0.02	-0.27	0.16	-0.05	0.11	RPT
SRG-PA	-0.13		0.4	0.3	0.5	0.45	0.22	0.39	SRG-PA
KIM	0.15	0.4		0.65	0.43	0.83	0.67	0.91	KIM
UE	0.02	0.3	0.65		0.61	0.66	0.5	0.65	UE
SITC	-0.27	0.5	0.43	0.61		0.5	0.22	0.38	SITC
RHP	0.16	0.45	0.83	0.66	0.5		0.71	0.85	RHP
ESRT	-0.05	0.22	0.67	0.5	0.22	0.71		0.8	ESRT
MAC	0.11	0.39	0.91	0.65	0.38	0.85	0.8		MAC
	RPT	SRG-PA	KIM	UE	SITC	RHP	ESRT	MAC

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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

MAC	+ 0.91	KIM
MAC	+ 0.85	RHP
RHP	+ 0.83	KIM
MAC	+ 0.8	ESRT
ESRT	+ 0.71	RHP
ESRT	+ 0.67	KIM

High negative correlations

SITC	- 0.27	RPT
SRG-PA	- 0.13	RPT
ESRT	- 0.05	RPT

Risk-Adjusted Indicators

There is a big difference between Seritage Stock performing well and Seritage Growth 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 Seritage Growth'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
RPT	1.58	0.12	(0.02)	1.09	1.65	(1.83)	3.65	(2.72)	10.00
SRG-PA	0.91	0.06	(0.09)	(0.58)	1.19	(1.00)	1.76	(2.24)	5.45
KIM	1.03	0.13	(0.04)	(1.27)	1.17	(1.12)	2.11	(1.98)	8.10
UE	1.08	0.02	0.00	0.19	1.21	(1.14)	2.51	(2.32)	7.16
SITC	1.31	(0.05)	(0.03)	0.12	1.51	(1.44)	2.23	(2.56)	11.29
RHP	1.23	0.09	0.09	0.25	1.04	(1.52)	2.90	(2.08)	9.52
ESRT	1.51	0.20	(0.01)	(0.45)	2.16	(1.54)	3.85	(3.39)	13.61
MAC	1.62	0.38	0.06	(0.51)	1.70	(1.86)	3.12	(2.87)	14.41

Seritage Growth Corporate Management

Thomas Steinberg	Independent Trustee	Profile
Edouard Cuilhe	Chief Accounting Officer	Profile
Nino Cammalleri	Senior Counsel	Profile
John McClain	Independent Trustee	Profile

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