W P Correlations

Stocks . USA . 
Stock . W P Carey
WPC Stock  USD 61.29  0.48  0.78%   
The current 90-days correlation between W P Carey and STAG Industrial is 0.07 (i.e., Significant diversification). The correlation of W P 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.

W P Correlation With Market

Good diversification

The correlation between W P Carey and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding W P Carey and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in W P Carey. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with WPC Stock

  0.74BXP Boston Properties Sell-off TrendPairCorr
  0.65DEI Douglas EmmettPairCorr
  0.66HPP Hudson Pacific PropertiesPairCorr
  0.73SLG SL Green RealtyPairCorr
  0.62JBGS JBG SMITH PropertiesPairCorr
  0.77O Realty IncomePairCorr
  0.64UE Urban Edge PropertiesPairCorr
  0.67AHT-PH Ashford Hospitality TrustPairCorr
  0.74AHT-PI Ashford Hospitality TrustPairCorr
  0.72AHT-PD Ashford Hospitality TrustPairCorr
  0.71AHT-PF Ashford Hospitality TrustPairCorr
  0.71AHT-PG Ashford Hospitality TrustPairCorr
  0.65DOUG Douglas EllimanPairCorr
  0.61VNO-PL Vornado Realty TrustPairCorr
  0.63VICI VICI PropertiesPairCorr
  0.71MITT-PC AG Mortgage InvestmentPairCorr
  0.72EARN Ellington ResidentialPairCorr
  0.66ELME Elme CommunitiesPairCorr
  0.67WELL WelltowerPairCorr
  0.69ESBA Empire State RealtyPairCorr

Moving against WPC Stock

  0.62UK Ucommune InternationalPairCorr
  0.57WHLR Wheeler Real EstatePairCorr
  0.47WETH Wetouch Technology CommonPairCorr
  0.46ADC Agree Realty Earnings Call This WeekPairCorr

Related Correlations Analysis

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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   
NNN
+ 0.75
STAG
O
+ 0.65
NNN
O
+ 0.31
OHI
O
+ 0.23
STAG
OHI
+ 0.0
MPW
  
High negative correlations   
MPW
- 0.84
STAG
MPW
- 0.79
NNN
O
- 0.3
MPW
OHI
- 0.18
STAG
OHI
- 0.05
NNN
OHI
- 0.0
MPW

Risk-Adjusted Indicators

There is a big difference between WPC Stock performing well and W P 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 W P'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.

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