Tanger Inc. (SKT) — Stock Correlations & Overview
Over the past year, SKT has moved most closely with PPTY, SPG, BRX. Explore the stocks most correlated and inversely correlated with SKT below, along with its price, financials, and company profile.
Stocks correlated with SKT
Correlation of daily returns. Higher positive values move with SKT; negative values move opposite it. Informational only, not investment advice.
Most correlated with SKT
| Symbol | Company | Correlation |
|---|---|---|
| PPTY | U.S. Diversified Real Estate ETF | 0.70 |
| SPG | Simon Property Group, Inc.REAL ESTATE INVESTMENT TRUSTS | 0.69 |
| BRX | BRIXMOR PROPERTY GROUP INC.REAL ESTATE INVESTMENT TRUSTS | 0.69 |
| RWR | State Street SPDR Dow Jones REIT ETF | 0.68 |
| BBRE | JPMorgan BetaBuilders MSCI U.S. REIT ETF | 0.67 |
Frequently asked questions about SKT correlations
- Which stocks are most correlated with SKT?
- Based on one year of daily returns, the stocks most correlated with Tanger Inc. (SKT) are PPTY (0.70), SPG (0.69) and BRX (0.69). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with SKT?
- Over the past year, the stocks most inversely correlated with Tanger Inc. (SKT) are DRV (-0.61), SRS (-0.60) and REK (-0.60). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these SKT correlations calculated?
- We compute the correlation of daily returns between SKT and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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