CoStar Correlations

C1GP34 Stock

BRL 4.52 0.10 2.16%

The current 90-days correlation between CoStar Group and United Rentals is 0.24 (i.e., Modest diversification). The correlation of CoStar 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.

CoStar Correlation With Market

Modest diversification

The correlation between CoStar Group and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CoStar Group and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to CoStar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CoStar 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 CoStar - 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 CoStar Group to buy it.

Moving together with CoStar Stock

0.72	AAPL34	Apple Inc	Pair Corr
0.69	MSFT34	Microsoft	Pair Corr
0.71	AMZO34	Amazon Inc	Pair Corr
0.82	BERK34	Berkshire Hathaway	Pair Corr
0.72	UNHH34	UnitedHealth Group	Pair Corr
0.65	TSLA34	Tesla Inc	Pair Corr
0.81	VISA34	Visa Inc	Pair Corr

Moving against CoStar Stock

0.73	JFEN3	Joo Fortes Engenharia Split	Pair Corr
0.57	SCAR3	So Carlos Empreendimentos	Pair Corr

Related Correlations Analysis

	GOAU4	RSUL4	NORD3	SSFO34	U1RI34	F1NI34	AALL34	EAIN34
GOAU4		-0.74	-0.44	0.71	0.54	0.13	0.66	0.73	GOAU4
RSUL4	-0.74		0.67	-0.85	-0.68	-0.45	-0.88	-0.8	RSUL4
NORD3	-0.44	0.67		-0.85	-0.85	-0.72	-0.81	-0.76	NORD3
SSFO34	0.71	-0.85	-0.85		0.86	0.66	0.95	0.95	SSFO34
U1RI34	0.54	-0.68	-0.85	0.86		0.67	0.79	0.82	U1RI34
F1NI34	0.13	-0.45	-0.72	0.66	0.67		0.71	0.64	F1NI34
AALL34	0.66	-0.88	-0.81	0.95	0.79	0.71		0.92	AALL34
EAIN34	0.73	-0.8	-0.76	0.95	0.82	0.64	0.92		EAIN34
	GOAU4	RSUL4	NORD3	SSFO34	U1RI34	F1NI34	AALL34	EAIN34

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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

AALL34	+ 0.95	SSFO34
EAIN34	+ 0.95	SSFO34
EAIN34	+ 0.92	AALL34
U1RI34	+ 0.86	SSFO34
EAIN34	+ 0.82	U1RI34
AALL34	+ 0.79	U1RI34

High negative correlations

AALL34	- 0.88	RSUL4
U1RI34	- 0.85	NORD3
SSFO34	- 0.85	NORD3
SSFO34	- 0.85	RSUL4
AALL34	- 0.81	NORD3
EAIN34	- 0.8	RSUL4

Risk-Adjusted Indicators

There is a big difference between CoStar Stock performing well and CoStar 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 CoStar'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
GOAU4	1.29	0.12	0.01	(0.57)	1.58	(1.37)	2.94	(2.75)	14.19
RSUL4	1.11	(0.32)	0.00	(3.69)	0.00	0.00	1.86	(3.17)	7.57
NORD3	2.82	(1.00)	0.00	(1.22)	0.00	0.00	5.60	(9.15)	19.73
SSFO34	1.58	0.64	0.31	(45.97)	1.16	(1.85)	4.91	(2.76)	13.84
U1RI34	1.74	0.23	0.07	0.56	2.30	(1.90)	3.39	(2.73)	17.36
F1NI34	0.71	0.16	0.03	(0.38)	0.64	(1.37)	2.12	(1.84)	7.57
AALL34	2.22	0.88	0.38	(2.05)	1.45	(2.77)	6.58	(2.88)	16.91
EAIN34	1.04	0.24	0.12	(6.75)	1.06	(1.20)	2.37	(1.84)	5.18

Be your own money manager

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

Elected by the shareholders, the CoStar's board of directors comprises two types of representatives: CoStar inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CoStar. The board's role is to monitor CoStar's management team and ensure that shareholders' interests are well served. CoStar'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, CoStar's outside directors are responsible for providing unbiased perspectives on the board's policies.

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