Hudson Pacific Correlations

HPP Stock

USD 3.85 0.23 6.35%

The current 90-days correlation between Hudson Pacific Properties and Kilroy Realty Corp is 0.63 (i.e., Poor diversification). The correlation of Hudson Pacific 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Hudson Pacific Correlation With Market

Weak diversification

The correlation between Hudson Pacific Properties and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hudson Pacific Properties and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hudson Pacific Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Hudson Stock

0.82	EGP	EastGroup Properties	Pair Corr
0.88	LXP	LXP Industrial Trust	Pair Corr
0.83	OPI	Office Properties Income	Pair Corr
0.72	JBGS	JBG SMITH Properties	Pair Corr
0.67	O	Realty Income	Pair Corr
0.77	FR	First Industrial Realty	Pair Corr
0.74	UK	Ucommune International	Pair Corr
0.61	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.63	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.74	AHT-PG	Ashford Hospitality Trust	Pair Corr

Moving against Hudson Stock

0.78	EQIX	Equinix	Pair Corr
0.77	SPG	Simon Property Group	Pair Corr
0.73	UE	Urban Edge Properties	Pair Corr
0.6	SLG	SL Green Realty Fiscal Year End 22nd of January 2025	Pair Corr
0.57	KRG	Kite Realty Group	Pair Corr
0.49	GTY	Getty Realty	Pair Corr
0.44	SBRA	Sabra Healthcare REIT	Pair Corr
0.79	MITT-PC	AG Mortgage Investment	Pair Corr
0.78	WELL	Welltower	Pair Corr
0.66	CDR-PB	Cedar Realty Trust	Pair Corr
0.57	NREF-PA	NexPoint Real Estate	Pair Corr
0.54	DOUG	Douglas Elliman	Pair Corr
0.54	CDR-PC	Cedar Realty Trust	Pair Corr
0.44	AAT	American Assets Trust	Pair Corr
0.43	MITT-PB	AG Mortgage Investment	Pair Corr

Related Correlations Analysis

	KRC	OFC	HIW	CUZ	PDM	OPI	CIO	DEI	BDN	CIO-PA
KRC		0.44	0.76	0.88	0.69	-0.42	-0.3	0.9	0.65	-0.44	KRC
OFC	0.44		0.0	0.71	-0.06	-0.77	-0.62	0.63	0.19	-0.34	OFC
HIW	0.76	0.0		0.58	0.94	0.09	0.15	0.56	0.72	-0.13	HIW
CUZ	0.88	0.71	0.58		0.5	-0.71	-0.58	0.94	0.53	-0.54	CUZ
PDM	0.69	-0.06	0.94	0.5		0.13	0.22	0.48	0.68	-0.18	PDM
OPI	-0.42	-0.77	0.09	-0.71	0.13		0.9	-0.67	-0.06	0.64	OPI
CIO	-0.3	-0.62	0.15	-0.58	0.22	0.9		-0.53	-0.02	0.6	CIO
DEI	0.9	0.63	0.56	0.94	0.48	-0.67	-0.53		0.63	-0.47	DEI
BDN	0.65	0.19	0.72	0.53	0.68	-0.06	-0.02	0.63		0.07	BDN
CIO-PA	-0.44	-0.34	-0.13	-0.54	-0.18	0.64	0.6	-0.47	0.07		CIO-PA
	KRC	OFC	HIW	CUZ	PDM	OPI	CIO	DEI	BDN	CIO-PA

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

PDM	+ 0.94	HIW
DEI	+ 0.94	CUZ
DEI	+ 0.9	KRC
CIO	+ 0.9	OPI
CUZ	+ 0.88	KRC
HIW	+ 0.76	KRC

High negative correlations

OPI	- 0.77	OFC
OPI	- 0.71	CUZ
DEI	- 0.67	OPI
CIO	- 0.62	OFC
CIO	- 0.58	CUZ
CIO-PA	- 0.54	CUZ

Risk-Adjusted Indicators

There is a big difference between Hudson Stock performing well and Hudson Pacific 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 Hudson Pacific'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
KRC	1.38	0.11	0.09	0.21	1.37	(1.59)	3.38	(2.85)	7.68
OFC	1.39	0.15	0.05	0.57	1.30	(1.67)	3.10	(2.44)	6.24
HIW	0.93	(0.03)	(0.06)	0.08	1.18	(0.96)	1.73	(2.16)	5.78
CUZ	0.82	0.15	0.07	0.42	0.99	(0.85)	1.85	(1.82)	5.40
PDM	1.28	(0.03)	(0.03)	0.08	1.55	(1.49)	3.08	(2.47)	8.49
OPI	3.03	(0.54)	0.00	(0.16)	0.00	0.00	4.69	(5.66)	24.08
CIO	1.68	(0.17)	0.00	(0.08)	0.00	0.00	3.84	(3.44)	8.90
DEI	1.32	0.22	0.13	0.36	1.37	(1.51)	2.78	(2.06)	7.68
BDN	1.66	0.01	0.02	0.12	2.85	(1.76)	3.78	(3.80)	18.66
CIO-PA	0.92	0.02	(0.07)	0.19	0.91	(1.14)	2.13	(1.64)	9.95

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC