Seritage Growth Correlations

SRG-PA Preferred Stock

USD 23.00 0.40 1.77%

The current 90-days correlation between Seritage Growth Prop and Slate Grocery REIT is -0.14 (i.e., Good diversification). The correlation of Seritage Growth 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.

Seritage Growth Correlation With Market

Significant diversification

The correlation between Seritage Growth Properties and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Seritage Growth Properties and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Seritage Growth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Seritage Growth when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Seritage Growth - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Seritage Growth Properties to buy it.

Moving against Seritage Preferred Stock

0.39

WHLR

Wheeler Real Estate

Pair Corr

Related Correlations Analysis

	SRRTF	UBP	RPT	RIOCF	CWYUF	PAZRF	PPRQF	FRMUF	UBA	BFS
SRRTF		0.13	-0.05	-0.05	0.2	-0.22	-0.2	0.07	0.16	0.51	SRRTF
UBP	0.13		-0.76	-0.92	-0.71	-0.69	-0.9	0.07	0.99	0.03	UBP
RPT	-0.05	-0.76		0.78	0.68	0.27	0.63	-0.17	-0.74	-0.08	RPT
RIOCF	-0.05	-0.92	0.78		0.78	0.69	0.9	0.11	-0.94	0.04	RIOCF
CWYUF	0.2	-0.71	0.68	0.78		0.49	0.7	-0.13	-0.71	0.19	CWYUF
PAZRF	-0.22	-0.69	0.27	0.69	0.49		0.83	0.21	-0.73	0.03	PAZRF
PPRQF	-0.2	-0.9	0.63	0.9	0.7	0.83		0.07	-0.93	-0.07	PPRQF
FRMUF	0.07	0.07	-0.17	0.11	-0.13	0.21	0.07		-0.02	0.09	FRMUF
UBA	0.16	0.99	-0.74	-0.94	-0.71	-0.73	-0.93	-0.02		0.02	UBA
BFS	0.51	0.03	-0.08	0.04	0.19	0.03	-0.07	0.09	0.02		BFS
	SRRTF	UBP	RPT	RIOCF	CWYUF	PAZRF	PPRQF	FRMUF	UBA	BFS

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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

UBA	+ 0.99	UBP
PPRQF	+ 0.9	RIOCF
PPRQF	+ 0.83	PAZRF
RIOCF	+ 0.78	RPT
CWYUF	+ 0.78	RIOCF
PPRQF	+ 0.7	CWYUF

High negative correlations

UBA	- 0.94	RIOCF
UBA	- 0.93	PPRQF
RIOCF	- 0.92	UBP
PPRQF	- 0.9	UBP
RPT	- 0.76	UBP
UBA	- 0.74	RPT

Risk-Adjusted Indicators

There is a big difference between Seritage Preferred Stock performing well and Seritage Growth 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 Seritage Growth'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
SRRTF	0.91	0.06	(0.02)	0.44	0.98	(1.06)	2.20	(1.95)	6.00
UBP	1.62	0.64	0.38	(4.11)	0.80	(2.14)	3.18	(2.04)	30.37
RPT	1.24	(0.28)	0.00	(0.64)	0.00	0.00	2.59	(2.45)	10.07
RIOCF	1.03	(0.16)	0.00	(2.12)	0.00	0.00	1.94	(1.87)	8.30
CWYUF	1.28	(0.15)	0.00	(0.07)	0.00	0.00	1.96	(1.90)	18.88
PAZRF	0.27	(0.04)	0.00	0.58	0.00	0.00	0.34	(0.72)	7.19
PPRQF	0.61	(0.18)	0.00	(1.51)	0.00	0.00	0.89	(2.39)	9.04
FRMUF	0.57	0.04	(0.03)	0.29	0.65	(1.78)	1.19	(1.65)	13.11
UBA	1.26	0.44	0.29	(3.08)	0.66	(1.57)	2.38	(1.68)	20.63
BFS	0.87	(0.03)	(0.06)	0.05	1.01	(0.92)	2.05	(1.43)	4.79

Be your own money manager

Our tools can tell you how much better you can do entering a position in Seritage Growth without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Seritage Growth Corporate Management

Matthew Fernand	Chief Sec	Profile
Eric Dinenberg	Chief Officer	Profile
Nino Cammalleri	VP Counsel	Profile
Andrea Olshan	Pres CEO	Profile
Christopher Mrozinski	VP Devel	Profile
John Garilli	Interim Officer	Profile

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