Spirit Realty Correlations
| SRCDelisted Stock | USD 41.88 0.09 0.21% |
The current 90-days correlation between Spirit Realty Capital and Broadstone Net Lease is -0.08 (i.e., Good diversification). The correlation of Spirit Realty 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.
Spirit Realty Correlation With Market
Good diversification
The correlation between Spirit Realty Capital and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Spirit Realty Capital and DJI in the same portfolio, assuming nothing else is changed.
Spirit |
Moving together with Spirit Stock
| 0.88 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.65 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.66 | HPQ | HP Inc | PairCorr |
| 0.74 | HD | Home Depot Sell-off Trend | PairCorr |
| 0.9 | WMT | Walmart Aggressive Push | PairCorr |
| 0.9 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.85 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.79 | T | ATT Inc Aggressive Push | PairCorr |
| 0.86 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.86 | CVX | Chevron Corp Sell-off Trend | PairCorr |
Moving against Spirit Stock
| 0.8 | TUXS | Tuxis | PairCorr |
| 0.74 | LNDNF | Lundin Energy AB | PairCorr |
| 0.73 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.73 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.71 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.51 | AWCMY | Alumina Limited PK | PairCorr |
| 0.34 | OPINL | Office Properties Income | PairCorr |
| 0.32 | BKLRF | Berkeley Energy | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BNL | 0.75 | (0.11) | 0.00 | (0.17) | 0.00 | 1.46 | 5.03 | |||
| AHH | 0.96 | (0.16) | 0.00 | (0.40) | 0.00 | 1.49 | 10.29 | |||
| BRSP | 1.39 | 0.08 | 0.04 | 0.20 | 1.45 | 2.31 | 22.56 | |||
| SAFE | 1.44 | (0.31) | 0.00 | (0.44) | 0.00 | 2.70 | 7.91 | |||
| EPRT | 0.82 | 0.12 | 0.02 | 0.67 | 0.94 | 1.67 | 4.84 | |||
| CTO | 1.12 | 0.12 | 0.01 | 0.92 | 2.25 | 2.25 | 19.07 | |||
| AHH-PA | 0.74 | 0.00 | (0.09) | 0.13 | 0.81 | 1.81 | 5.47 | |||
| OLP | 1.03 | 0.11 | 0.08 | 0.24 | 0.95 | 2.50 | 7.70 | |||
| CTO-PA | 0.99 | 0.03 | (0.04) | 0.35 | 1.33 | 2.11 | 7.56 | |||
| MDV | 1.40 | (0.07) | (0.07) | (0.01) | 1.80 | 2.71 | 9.52 |
Spirit Realty Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Spirit Realty stock to make a market-neutral strategy. Peer analysis of Spirit Realty could also be used in its relative valuation, which is a method of valuing Spirit Realty by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Spirit Realty Capital?
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