Equity Commonwealth Correlations
| EQC-PD Preferred Stock | USD 25.05 0.01 0.04% |
The current 90-days correlation between Equity Commonwealth and Cousins Properties Incorporated is 0.14 (i.e., Average diversification). The correlation of Equity Commonwealth 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.
Equity Commonwealth Correlation With Market
Significant diversification
The correlation between Equity Commonwealth and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equity Commonwealth and DJI in the same portfolio, assuming nothing else is changed.
Equity |
The ability to find closely correlated positions to Equity Commonwealth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Equity Commonwealth 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 Equity Commonwealth - 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 Equity Commonwealth to buy it.
Moving together with Equity Preferred Stock
| 0.65 | VNO-PM | Vornado Realty Trust | PairCorr |
| 0.68 | VNO-PN | Vornado Realty Trust | PairCorr |
| 0.7 | HPP-PC | Hudson Pacific Properties | PairCorr |
| 0.62 | SLG-PI | SL Green Realty | PairCorr |
| 0.87 | UE | Urban Edge Properties | PairCorr |
| 0.71 | MITT-PB | AG Mortgage Investment | PairCorr |
| 0.89 | MITT-PC | AG Mortgage Investment | PairCorr |
| 0.8 | EQIX | Equinix | PairCorr |
| 0.79 | WELL | Welltower | PairCorr |
Moving against Equity Preferred Stock
| 0.78 | FR | First Industrial Realty | PairCorr |
| 0.73 | AHT-PH | Ashford Hospitality Trust | PairCorr |
| 0.72 | UK | Ucommune International | PairCorr |
| 0.7 | RC | Ready Capital Corp | PairCorr |
| 0.7 | AHT-PI | Ashford Hospitality Trust | PairCorr |
| 0.6 | CIO-PA | City Office REIT | PairCorr |
| 0.59 | O | Realty Income | PairCorr |
| 0.51 | AHT-PD | Ashford Hospitality Trust | PairCorr |
| 0.8 | AHT-PG | Ashford Hospitality Trust | PairCorr |
| 0.69 | VICI | VICI Properties | PairCorr |
| 0.68 | AHT-PF | Ashford Hospitality Trust | PairCorr |
| 0.57 | VTMX | Corporacin Inmobiliaria | PairCorr |
| 0.5 | ELME | Elme Communities | PairCorr |
| 0.34 | WHLR | Wheeler Real Estate Downward Rally | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Equity Preferred Stock performing well and Equity Commonwealth 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 Equity Commonwealth'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CUZ | 0.83 | 0.14 | 0.06 | 0.42 | 1.03 | 1.85 | 5.40 | |||
| FSP | 2.23 | 0.00 | 0.02 | 0.13 | 2.41 | 4.62 | 12.58 | |||
| CMCT | 6.08 | (2.63) | 0.00 | (0.94) | 0.00 | 8.70 | 62.92 | |||
| VNO-PL | 0.81 | 0.04 | (0.06) | 0.25 | 0.69 | 1.80 | 6.09 | |||
| VNO-PO | 0.87 | 0.06 | (0.01) | 0.30 | 1.00 | 1.77 | 5.95 | |||
| VNO-PM | 0.76 | 0.11 | 0.01 | 0.55 | 0.81 | 1.70 | 6.06 | |||
| HPP-PC | 1.38 | 0.23 | 0.06 | 0.86 | 2.17 | 3.35 | 11.35 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Equity Commonwealth 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.Did you try this?
Run Theme Ratings Now
Theme RatingsDetermine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
Equity Commonwealth Corporate Management
| David Helfand | CEO Pres | Profile | |
| Andrew Levy | VP Officer | Profile | |
| Sarah Byrnes | VP Markets | Profile | |
| David Weinberg | Ex COO | Profile | |
| Orrin Shifrin | Gen VP | Profile | |
| William Griffiths | CFO VP | Profile |