National Retail Correlations

Stocks . USA . 
Stock . National Retail Properties
NNN Stock  USD 44.40  0.56  1.28%   
The current 90-days correlation between National Retail Prop and Site Centers Corp is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as National Retail moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if National Retail Properties moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

National Retail Correlation With Market

Good diversification

The correlation between National Retail Properties and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding National Retail Properties and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Retail 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 board of governors.

Moving together with National Stock

  0.95O Realty IncomePairCorr
  0.81FR First Industrial RealtyPairCorr
  0.88VICI VICI PropertiesPairCorr
  0.67AMH American Homes 4PairCorr
  0.92AMT American Tower CorpPairCorr
  0.78ARE Alexandria Real EstatePairCorr
  0.88BNL Broadstone Net LeasePairCorr
  0.88CCI Crown Castle Fiscal Year End 22nd of January 2025 PairCorr
  0.81CIO City OfficePairCorr

Moving against National Stock

  0.79UE Urban Edge PropertiesPairCorr
  0.69WELL WelltowerPairCorr
  0.68AKR Acadia Realty TrustPairCorr
  0.55EQIX EquinixPairCorr
  0.5AHR American Healthcare REIT,PairCorr
  0.47AAT American Assets TrustPairCorr
  0.44PK Park Hotels ResortsPairCorr
  0.85FPI Farmland PartnersPairCorr
  0.8FSP Franklin Street PropPairCorr
  0.75DLR Digital Realty TrustPairCorr
  0.62BRX Brixmor PropertyPairCorr
  0.57CTO CTO Realty GrowthPairCorr
  0.55CUZ Cousins PropertiesPairCorr
  0.5DEI Douglas EmmettPairCorr
  0.5DRH Diamondrock Hospitality Sell-off TrendPairCorr
  0.43CDP COPT Defense PropertiesPairCorr

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   
BRX
+ 0.91
ROIC
ROIC
+ 0.83
AKR
BRX
+ 0.8
AKR
AKR
+ 0.69
SITC
ROIC
+ 0.43
SITC
BRX
+ 0.35
SITC
  
High negative correlations   
NTST
- 0.74
SITC
NTST
- 0.5
AKR
NTST
- 0.38
ROIC
NTST
- 0.19
BRX

Risk-Adjusted Indicators

There is a big difference between National Stock performing well and National Retail 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 National Retail'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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