SL Green Correlations

SLG
 Stock
  

USD 41.74  2.29  5.80%   

The correlation of SL Green is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SL Green moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SL Green Realty moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to SL Green could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SL Green 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 SL Green - 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 SL Green Realty to buy it.

Moving together with SL Green

+0.67AREAlexandria Real EstatePairCorr
+0.85BXPBoston PropertiesPairCorr
+0.86KRCKilroy Realty CorpPairCorr
+0.88VNOVornado Realty TrustPairCorr
+0.92CUZCousins PropertiesPairCorr
+0.68AMKAFAP Moeller MaersPairCorr
+0.69AMKBFAP Moeller MaersPairCorr
+0.69GLBSGlobus Maritime LimiPairCorr

Moving against SL Green

-0.58BVERSBeaver CoalPairCorr
-0.53FPCGFirst Physicians CapitalPairCorr

Related Correlations

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Be your own money manager

Our tools can tell you how much better you can do entering a position in SL Green 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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SL Green Corporate Directors

SL Green corporate directors refer to members of a SL Green board of directors. The board of directors generally takes responsibility for the SL Green's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of SL Green's board members must vote for the resolution. The SL Green board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
John Alschuler - Lead Independent DirectorProfile
Edwin Burton - Independent DirectorProfile
Lauren Dillard - Independent DirectorProfile
Craig Hatkoff - Independent DirectorProfile

Invested in SL Green Realty?

The danger of trading SL Green Realty is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of SL Green is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than SL Green. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile SL Green Realty is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, take a look at World Market Map. You can also try Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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When running SL Green Realty price analysis, check to measure SL Green's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SL Green is operating at the current time. Most of SL Green's value examination focuses on studying past and present price action to predict the probability of SL Green's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move SL Green's price. Additionally, you may evaluate how the addition of SL Green to your portfolios can decrease your overall portfolio volatility.
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Is SL Green's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of SL Green. If investors know SL Green will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about SL Green listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of SL Green Realty is measured differently than its book value, which is the value of SL Green that is recorded on the company's balance sheet. Investors also form their own opinion of SL Green's value that differs from its market value or its book value, called intrinsic value, which is SL Green's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SL Green's market value can be influenced by many factors that don't directly affect SL Green's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SL Green's value and its price as these two are different measures arrived at by different means. Investors typically determine SL Green value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SL Green's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.