Spirit Realty Related Correlations

Delisted . USA . 
Stock . Spirit Realty Capital
SRCDelisted Stock  USD 42.31  0.83  1.92%   
Generate correlation matrix for Spirit Realty and other related equities to check the degree to which Spirit Realty Capital price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Spirit Realty Capital. To filter out specific equities, please toggle its corresponding legend item. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
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Please note, there is a significant difference between Spirit Realty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Spirit Realty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spirit Realty's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

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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   
AHH
+ 0.9
BNL
OLP
+ 0.88
EPRT
BRSP
+ 0.73
BNL
OLP
+ 0.72
CTO
AHH-PA
+ 0.68
AHH
AHH-PA
+ 0.65
BNL
  
High negative correlations   
CTO
- 0.66
AHH
MDV
- 0.55
AHH
AHH-PA
- 0.53
CTO
OLP
- 0.47
AHH-PA
OLP
- 0.47
AHH
CTO
- 0.43
BNL

Risk-Adjusted Indicators

There is a big difference between Spirit Stock performing well and Spirit Realty 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 Spirit Realty'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BNL  1.18 (0.30) 0.00 (0.16) 0.00 
 0.00 
 2.38 
(2.65)
 8.06 
AHH  1.28 (0.30) 0.00 (0.18) 0.00 
 0.00 
 2.10 
(2.94)
 8.46 
BRSP  1.56 (0.27) 0.00 (0.08) 0.00 
 0.00 
 2.46 
(4.21)
 9.32 
SAFE  2.11 (0.36) 0.00 (0.06) 0.00 
 0.00 
 4.20 
(3.38)
 13.98 
EPRT  1.02 (0.08)(0.04) 0.00  1.47 
(0.94)
 1.92 
(1.80)
 7.22 
CTO  0.79 (0.04)(0.03) 0.02  1.06 
(0.75)
 1.37 
(1.58)
 5.58 
AHH-PA  0.85 (0.18) 0.00 (0.81) 0.00 
 0.00 
 1.56 
(1.81)
 4.94 
OLP  1.20 (0.03) 0.00  0.04  1.47 
(1.35)
 2.05 
(2.46)
 8.20 
CTO-PA  0.80  0.01 (0.05) 0.20  0.89 
(1.12)
 2.26 
(1.64)
 5.26 
MDV  1.68  0.05 (0.01)(0.23) 2.33 
(1.63)
 3.47 
(3.81)
 12.60 
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