Broadstone Net Correlations

BNL Stock

USD 18.17 0.25 1.36%

The current 90-days correlation between Broadstone Net Lease and Via Renewables is 0.16 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Broadstone Net moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Broadstone Net Lease moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Broadstone Net Correlation With Market

Very weak diversification

The correlation between Broadstone Net Lease and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Broadstone Net Lease and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Broadstone Net Lease. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Broadstone Stock

0.89	O	Realty Income	Pair Corr
0.83	EQIX	Equinix	Pair Corr
0.86	ADC	Agree Realty	Pair Corr
0.91	AKR	Acadia Realty Trust	Pair Corr
0.91	BDN	Brandywine Realty Trust	Pair Corr
0.94	BRX	Brixmor Property	Pair Corr
0.94	BXP	Boston Properties	Pair Corr
0.74	EGP	EastGroup Properties	Pair Corr
0.84	FRT	Federal Realty Investment	Pair Corr
0.94	GTY	Getty Realty	Pair Corr
0.84	INN	Summit Hotel Properties	Pair Corr
0.92	KIM	Kimco Realty	Pair Corr
0.95	KRG	Kite Realty Group	Pair Corr
0.74	LXP	LXP Industrial Trust	Pair Corr
0.74	MAC	Macerich	Pair Corr
0.9	NNN	National Retail Prop	Pair Corr
0.83	REG	Regency Centers	Pair Corr
0.65	RHP	Ryman Hospitality	Pair Corr
0.92	SKT	Tanger Factory Outlet	Pair Corr
0.91	SPG	Simon Property Group	Pair Corr
0.91	JBGS	JBG SMITH Properties	Pair Corr
0.86	PSTL	Postal Realty Trust	Pair Corr
0.89	SBRA	Sabra Healthcare REIT	Pair Corr
0.91	DX	Dynex Capital	Pair Corr
0.91	FR	First Industrial Realty	Pair Corr
0.83	HR	Healthcare Realty Trust	Pair Corr
0.91	KW	Kennedy Wilson Holdings	Pair Corr
0.61	OZ	Belpointe PREP LLC	Pair Corr
0.96	UE	Urban Edge Properties	Pair Corr

Moving against Broadstone Stock

0.59	WHLR	Wheeler Real Estate	Pair Corr
0.79	VINO	Gaucho Group Holdings	Pair Corr
0.74	VTMX	Corporacin Inmobiliaria	Pair Corr
0.74	ECRO	Ecc Cap Corp	Pair Corr
0.69	UK	Ucommune International	Pair Corr
0.56	RC	Ready Capital Corp	Pair Corr

Related Correlations Analysis

	ICMB	YGMZ	AQUI	ABHYX	MSTSX	VIASP	XTWO	GBEMX	LCW-UN	KNF
ICMB		0.3	0.0	-0.73	-0.47	-0.55	-0.77	0.19	-0.01	-0.42	ICMB
YGMZ	0.3		0.0	-0.34	0.0	-0.53	-0.53	0.63	-0.21	0.1	YGMZ
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
ABHYX	-0.73	-0.34	0.0		0.66	0.62	0.93	-0.14	-0.21	0.67	ABHYX
MSTSX	-0.47	0.0	0.0	0.66		0.56	0.69	0.45	-0.08	0.81	MSTSX
VIASP	-0.55	-0.53	0.0	0.62	0.56		0.75	-0.21	0.08	0.46	VIASP
XTWO	-0.77	-0.53	0.0	0.93	0.69	0.75		-0.24	-0.08	0.63	XTWO
GBEMX	0.19	0.63	0.0	-0.14	0.45	-0.21	-0.24		-0.19	0.3	GBEMX
LCW-UN	-0.01	-0.21	0.0	-0.21	-0.08	0.08	-0.08	-0.19		-0.33	LCW-UN
KNF	-0.42	0.1	0.0	0.67	0.81	0.46	0.63	0.3	-0.33		KNF
	ICMB	YGMZ	AQUI	ABHYX	MSTSX	VIASP	XTWO	GBEMX	LCW-UN	KNF

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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

XTWO	+ 0.93	ABHYX
KNF	+ 0.81	MSTSX
XTWO	+ 0.75	VIASP
XTWO	+ 0.69	MSTSX
KNF	+ 0.67	ABHYX
MSTSX	+ 0.66	ABHYX

High negative correlations

XTWO	- 0.77	ICMB
ABHYX	- 0.73	ICMB
VIASP	- 0.55	ICMB
XTWO	- 0.53	YGMZ
VIASP	- 0.53	YGMZ
MSTSX	- 0.47	ICMB

Risk-Adjusted Indicators

There is a big difference between Broadstone Stock performing well and Broadstone Net 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 Broadstone Net'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
ICMB	0.88	(0.09)	0.00	(1.26)	0.00	0.00	1.58	(2.11)	7.76
YGMZ	4.18	0.01	(0.01)	0.12	5.05	(4.54)	11.11	(10.07)	26.48
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ABHYX	0.12	0.06	(0.21)	(0.42)	0.00	(0.21)	0.34	(0.11)	1.34
MSTSX	0.61	0.11	0.00	(3.79)	0.66	(0.71)	1.40	(1.22)	4.07
VIASP	1.58	(0.04)	0.00	(0.10)	0.00	0.00	2.65	(4.90)	13.33
XTWO	0.09	0.03	(0.60)	(0.69)	0.00	(0.12)	0.22	(0.12)	0.65
GBEMX	0.86	0.00	(0.06)	0.00	1.11	(0.86)	2.23	(1.63)	5.23
LCW-UN	0.58	(0.06)	0.00	(0.03)	0.00	0.00	0.92	(0.54)	18.84
KNF	1.74	0.18	0.10	0.21	2.20	(1.82)	4.32	(4.04)	12.04

Broadstone Net Corporate Management

Denise BrooksWilliams	Independent Director	Profile
Andrea Wright	Senior Vice President , Property Management	Profile
Agha Khan	Director	Profile
James Watters	Independent Director	Profile
Shekar Narasimhan	Independent Director	Profile
Timothy Dieffenbacher	Senior Vice President Chief Accounting Officer, Treasurer	Profile
Molly Wiegel	Senior Vice President of Human Resources	Profile

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