Aggregated price index
Aggregated price index with volume information
Summary:
- Real Estate Investment Trusts stocks down 3.8% on average while median return down 3.6% in a day
- Real Estate Investment Trusts stocks down 5.7% on average while median return down 5.5% in a week
- Real Estate Investment Trusts stocks down 15.0% on average while median return down 13.8% in a month
- When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.
Aggregated price index (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.
Click on + to show price series and click on ticker for stock detail page
* P/E and MarketCap are refreshed daily using IEX Cloud service. P/B, P/S, PEG, growth, short%, HelbyInstitute are refreshed weekly using Yahoo feeds. For latest stock stats please visit Yahoo Finance.
* Price Patter: / is upward trend, \ is downward trend, - is sideway. Click on the ticker to go to stock page to see Bayesian Trend model plot of the time series.
* Channel and change points are derived from Bayesian Trend model, where the channel slope is the growth rate while change points are those the model partition the time series.
- 1M winners are : Winners for past month are $DHC 67.9%, $BRMK 5.5%, $SKT 4.1%, $PCH 2.9%, $RHE 0.6%
- 1M losers are : Losers for past month are $UNIT -39.4%, $SLG -39.5%, $MPW -41.0%, $ASPI -46.4%, $AHT -51.0%
- 1W winners are : Winners for past week are $CHMI 5.1%, $LSI 3.6%, $SACH 3.5%, $WMC 3.1%, $SQFT 2.4%
- 1W losers are : Losers for past week are $NYC -17.2%, $ESBA -18.2%, $HPP -19.2%, $SLG -20.8%, $ASPI -29.0%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 41.0%, for the past 3 months is 41.6%
In the past month for a 5 days rolling window, the highest corrrelation is 60.1%, the lowest correlation is 26.8%, the latest correlation is 60.1%
When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.
Among pairwise correlation, the highest correlation is 94.0% between AHH and AKR
The lowest correlation is -31.2% between ARE and ASPI
Stock news
MALVERN, Pa., March 22, 2023 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE), the third largest owner/operator of self-storage properties in the United States, is being recognized as one of Achievers 50 Most Engaged Workplaces® of 2023. This award recognizes top employers who demonstrate leadership in employee experience, recognition, and company culture. “It’s an honor to once again be recognized for the engagement of our team in 2023. Every single one of our teammates helps deliver on our culture a
GREENWICH, Conn., March 22, 2023--At their regular meeting today, the Board of Directors of Urstadt Biddle Properties Inc. (NYSE: UBA and UBP) declared quarterly dividends on the Company’s Class A Common Stock and Common Stock. The dividends were declared in the amounts of $0.25 for each share of Class A Common Stock and $0.225 for each share of Common Stock. The dividends are payable April 14, 2023 to stockholders of record on April 3, 2023. See the Company’s earnings press release, issued Marc
NEW YORK, March 22, 2023--Granite Point Mortgage Trust Inc. Announces $269 million Refinancing of Legacy CLO
Investors in the Farmland Properties Inc. (NYSE: FPI) real estate investment trust (REIT) must be disappointed to see it continuing downward last week. Similar to many office and retail REITs, the farm concept in the sector is finding more sellers than buyers as worries about the banking system continue to hit home. For a New York Stock Exchange-traded REIT, market capitalization of $531 million is relatively small, and Farmland Properties is having a good 12 months, with funds from operations (
Buying stocks low and selling high is what makes for successful investing, especially if dividends are added to the appreciation to create a substantial total return. But buying low may entail some risk. You must ask, “Why is this stock selling off and what does the future likely hold for this stock?” Often the stock is part of an out-of-favor sector for one reason or another. Such is the case with real estate investment trusts (REITs), which have struggled as inflation has pushed the Federal Re
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DENVER, March 22, 2023 (GLOBE NEWSWIRE) -- Apartment Income REIT Corp. ("AIR" or “AIR Communities”) (NYSE: AIRC) announced that it was named a Kingsley Excellence Elite Five multifamily company and a winner of the 2023 Kingsley Excellence Awards. This award recognizes companies who continually exceed industry standards and consistently deliver an outstanding customer experience. Of the winners, AIR ranked second among all operators, and first among publicly traded REITs. “Customer satisfaction i
Alexandria Real Estate Equities (ARE) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.