Brightspire Capital Correlations

BRSP Stock

USD 5.97 0.04 0.67%

The current 90-days correlation between Brightspire Capital and Essential Properties Realty is 0.52 (i.e., Very weak diversification). The correlation of Brightspire Capital 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.

Brightspire Capital Correlation With Market

Weak diversification

The correlation between Brightspire Capital and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brightspire Capital and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brightspire Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

To learn how to invest in Brightspire Stock, please use our How to Invest in Brightspire Capital guide.

Moving together with Brightspire Stock

0.82	MDV	Modiv Inc	Pair Corr
0.65	GIPR	Generationome Properties	Pair Corr
0.73	O	Realty Income Earnings Call This Week	Pair Corr
0.83	HR	Healthcare Realty Trust	Pair Corr
0.88	KW	Kennedy Wilson Holdings Earnings Call This Week	Pair Corr
0.68	PK	Park Hotels Resorts	Pair Corr
0.74	RC	Ready Capital Corp	Pair Corr
0.89	UE	Urban Edge Properties	Pair Corr
0.61	WY	Weyerhaeuser	Pair Corr
0.88	ADC-PA	Agree Realty	Pair Corr
0.72	DOUG	Douglas Elliman	Pair Corr
0.83	VICI	VICI Properties Earnings Call This Week	Pair Corr
0.86	ELME	Elme Communities Upward Rally	Pair Corr
0.79	EPRT	Essential Properties	Pair Corr
0.74	ESBA	Empire State Realty	Pair Corr

Moving against Brightspire Stock

0.41	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.39	DX	Dynex Capital	Pair Corr
0.63	CDR-PC	Cedar Realty Trust Downward Rally	Pair Corr
0.59	MITT-PC	AG Mortgage Investment Earnings Call This Week	Pair Corr

Related Correlations Analysis

	EPRT	SRC	AHH	CTO	MDV	GOODN	NXDT	BNL	GIPR	OLP
EPRT		0.0	0.82	0.09	0.75	0.78	-0.2	0.9	0.58	0.79	EPRT
SRC	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SRC
AHH	0.82	0.0		0.02	0.79	0.65	0.13	0.93	0.72	0.94	AHH
CTO	0.09	0.0	0.02		0.28	0.06	-0.07	0.1	0.09	0.22	CTO
MDV	0.75	0.0	0.79	0.28		0.64	-0.02	0.79	0.58	0.82	MDV
GOODN	0.78	0.0	0.65	0.06	0.64		-0.58	0.77	0.58	0.62	GOODN
NXDT	-0.2	0.0	0.13	-0.07	-0.02	-0.58		-0.06	0.1	0.15	NXDT
BNL	0.9	0.0	0.93	0.1	0.79	0.77	-0.06		0.77	0.89	BNL
GIPR	0.58	0.0	0.72	0.09	0.58	0.58	0.1	0.77		0.7	GIPR
OLP	0.79	0.0	0.94	0.22	0.82	0.62	0.15	0.89	0.7		OLP
	EPRT	SRC	AHH	CTO	MDV	GOODN	NXDT	BNL	GIPR	OLP

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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

OLP	+ 0.94	AHH
BNL	+ 0.93	AHH
BNL	+ 0.9	EPRT
OLP	+ 0.89	BNL
AHH	+ 0.82	EPRT
OLP	+ 0.82	MDV

High negative correlations

NXDT	- 0.58	GOODN
NXDT	- 0.2	EPRT
NXDT	- 0.07	CTO
BNL	- 0.06	NXDT
NXDT	- 0.02	MDV
OLP	- 0.0	SRC

Risk-Adjusted Indicators

There is a big difference between Brightspire Stock performing well and Brightspire Capital 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 Brightspire Capital'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
EPRT	1.10	(0.07)	0.00	(0.15)	0.00	0.00	2.29	(2.21)	5.79
SRC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AHH	0.98	(0.22)	0.00	(0.47)	0.00	0.00	1.69	(2.45)	7.00
CTO	0.86	0.03	0.01	0.08	1.68	(0.73)	1.67	(1.73)	7.75
MDV	1.22	(0.15)	0.00	(0.36)	0.00	0.00	2.55	(2.88)	9.05
GOODN	0.67	(0.05)	0.00	(0.20)	0.00	0.00	1.36	(1.37)	4.88
NXDT	2.10	(0.20)	0.00	(2.65)	0.00	0.00	5.19	(4.12)	17.57
BNL	0.93	(0.19)	0.00	(0.30)	0.00	0.00	1.62	(2.31)	5.21
GIPR	1.59	(0.18)	0.00	(0.37)	0.00	0.00	3.33	(3.68)	11.70
OLP	1.01	(0.14)	0.00	(0.31)	0.00	0.00	1.65	(2.80)	7.19

Brightspire Capital Corporate Management

Daniel Katz	MD Management	Profile
John Westerfield	Non-Executive Independent Director	Profile
Winston Wilson	Non-Executive Independent Director	Profile
Frank CPA	CFO VP	Profile
Gary JD	Managing Management	Profile

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