Correlation Analysis Between Realty Income and VEREIT

This module allows you to analyze existing cross correlation between Realty Income Corporation and VEREIT. You can compare the effects of market volatilities on Realty Income and VEREIT and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Realty Income with a short position of VEREIT. See also your portfolio center. Please also check ongoing floating volatility patterns of Realty Income and VEREIT.
Horizon     30 Days    Login   to change

Realty Income Corp.  vs.  VEREIT Inc

 Performance (%) 

Pair Volatility

Taking into account the 30 trading days horizon, Realty Income Corporation is expected to generate 0.97 times more return on investment than VEREIT. However, Realty Income Corporation is 1.03 times less risky than VEREIT. It trades about -0.14 of its potential returns per unit of risk. VEREIT is currently generating about -0.2 per unit of risk. If you would invest  5,837  in Realty Income Corporation on August 27, 2018 and sell it today you would lose (191.00)  from holding Realty Income Corporation or give up 3.27% of portfolio value over 30 days.

Pair Corralation between Realty Income and VEREIT

Time Period1 Month [change]
ValuesDaily Returns


Very weak diversification

Overlapping area represents the amount of risk that can be diversified away by holding Realty Income Corp. and VEREIT Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on VEREIT and Realty Income is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Realty Income Corporation are associated (or correlated) with VEREIT. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of VEREIT has no effect on the direction of Realty Income i.e. Realty Income and VEREIT go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
Realty Income  

Risk-Adjusted Performance

Over the last 30 days Realty Income Corporation has generated negative risk-adjusted returns adding no value to investors with long positions.

Risk-Adjusted Performance

Over the last 30 days VEREIT has generated negative risk-adjusted returns adding no value to investors with long positions.

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