Acadia Realty Correlations

Stocks . Germany . 
Stock . Acadia Realty Trust
WX1 Stock  EUR 23.00  0.00  0.00%   
The current 90-days correlation between Acadia Realty Trust and AGREE RLTY P is 0.31 (i.e., Weak diversification). The correlation of Acadia 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.

Acadia Realty Correlation With Market

Good diversification

The correlation between Acadia Realty Trust and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acadia Realty Trust and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Acadia Realty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Acadia Realty 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 Acadia Realty - 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 Acadia Realty Trust to buy it.

Moving together with Acadia Stock

  0.95SQI Simon Property GroupPairCorr
  0.7L5R Link Real EstatePairCorr
  0.97KIC Kimco RealtyPairCorr
  0.91RRC Range Resources CorpPairCorr
  0.93BXR Brixmor PropertyPairCorr
  0.85AGL AGREE RLTY PPairCorr
  0.89ESLC ESSILORLUXOTTICA 12ONPairCorr
  0.92GLE Gladstone CommercialPairCorr
  0.95TM5 T MobilePairCorr
  0.67APC Apple IncPairCorr
  0.83NSE Nomura HoldingsPairCorr
  0.68TSFA Taiwan SemiconductorPairCorr
  0.836GAA Grupo Aval AccionesPairCorr
  0.67CSA Accenture plcPairCorr
  0.82NY70 MOLSON RS BEVERAGEPairCorr
  0.86ZIM Zimmer Biomet HoldingsPairCorr
  0.62108 Sumitomo Rubber InduPairCorr
  0.923EC Eaton PLCPairCorr
  0.7TL0 Tesla IncPairCorr
  0.68UIPN Unipol Gruppo FinanziarioPairCorr
  0.89BRYN Berkshire HathawayPairCorr
  0.8GKD Grand Canyon EducationPairCorr
  0.88UFH US Foods HoldingPairCorr

Moving against Acadia Stock

  0.776FO GOODTECH ASA APairCorr
  0.7799Q ENTREPARTICULIERS EOPairCorr
  0.66C98 Vicinity CentresPairCorr
  0.6KPR Klpierre SAPairCorr
  0.57CJ8A CARGOJET INC VARPairCorr
  0.44RY6 Realty IncomePairCorr
  0.43TSI Tsingtao BreweryPairCorr
  0.38DFXN SIERRA METALSPairCorr
  0.62CN6 BII Railway TransporPairCorr

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   
BXR
+ 0.97
KIC
KIC
+ 0.95
SQI
BXR
+ 0.95
SQI
AGL
+ 0.91
KIC
AGL
+ 0.91
BXR
AGL
+ 0.85
SQI
  
High negative correlations   
C98
- 0.64
SQI
C98
- 0.59
KIC
C98
- 0.54
BXR
AGL
- 0.33
C98

Risk-Adjusted Indicators

There is a big difference between Acadia Stock performing well and Acadia 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 Acadia 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Acadia Realty 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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Acadia Realty Corporate Management

Elected by the shareholders, the Acadia Realty's board of directors comprises two types of representatives: Acadia Realty inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Acadia. The board's role is to monitor Acadia Realty's management team and ensure that shareholders' interests are well served. Acadia Realty's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Acadia Realty's outside directors are responsible for providing unbiased perspectives on the board's policies.
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