CoStar Correlations

CSGP Stock

USD 67.24 0.62 0.91%

The current 90-days correlation between CoStar Group and Jones Lang LaSalle is 0.43 (i.e., Very weak 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. If the correlation is 0, the equities are not correlated; they are entirely random.

CoStar Correlation With Market

Average diversification

The correlation between CoStar Group and DJI is 0.16 (i.e., Average 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.

Build AI portfolio with CoStar Stock

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

Moving together with CoStar Stock

0.61	Z	Zillow Group Class	Pair Corr
0.89	000628	ChengDu Hi Tech	Pair Corr
0.66	DOUG	Douglas Elliman	Pair Corr
0.78	EGH	Eureka Group Holdings	Pair Corr
0.82	KDSX	Kadestone Capital Corp	Pair Corr
0.68	AIF	Altus Group Limited	Pair Corr
0.79	900932	Shanghai Lujiazui Finance	Pair Corr
0.68	600641	Shanghai Wanye Enter	Pair Corr
0.65	900911	Shanghai Jinqiao Export	Pair Corr
0.71	SVI	Storage Vault Canada	Pair Corr
0.67	600649	Shanghai SMI Holding	Pair Corr
0.79	DRM	Dream Unlimited Corp	Pair Corr

Moving against CoStar Stock

0.77	GUF	Gulf Pacific Equities	Pair Corr
0.7	KW	Kennedy Wilson Holdings	Pair Corr
0.32	600620	Shanghai Tianchen	Pair Corr
0.8	VTMX	Corporacin Inmobiliaria	Pair Corr
0.45	002208	Hefei Urban Construction	Pair Corr
0.84	900928	Shanghai Lingang Holdings	Pair Corr
0.71	CBL	CBL Associates Properties	Pair Corr
0.57	FRI	Finbar Group	Pair Corr
0.41	000897	Tianjin Jinbin Devel	Pair Corr

Related Correlations Analysis

	JLL	CWK	CIGI	NMRK	NEN	MMI	MAYS	FSV	MLP	FRPH
JLL		0.49	-0.3	0.05	-0.89	-0.3	0.03	-0.55	0.18	-0.53	JLL
CWK	0.49		0.42	0.65	-0.2	0.44	-0.05	-0.08	0.06	0.02	CWK
CIGI	-0.3	0.42		0.85	0.56	0.51	-0.03	0.52	0.19	0.64	CIGI
NMRK	0.05	0.65	0.85		0.28	0.45	-0.12	0.5	0.45	0.53	NMRK
NEN	-0.89	-0.2	0.56	0.28		0.51	0.0	0.68	-0.08	0.75	NEN
MMI	-0.3	0.44	0.51	0.45	0.51		0.07	0.08	-0.34	0.48	MMI
MAYS	0.03	-0.05	-0.03	-0.12	0.0	0.07		-0.19	-0.17	-0.05	MAYS
FSV	-0.55	-0.08	0.52	0.5	0.68	0.08	-0.19		0.55	0.74	FSV
MLP	0.18	0.06	0.19	0.45	-0.08	-0.34	-0.17	0.55		0.13	MLP
FRPH	-0.53	0.02	0.64	0.53	0.75	0.48	-0.05	0.74	0.13		FRPH
	JLL	CWK	CIGI	NMRK	NEN	MMI	MAYS	FSV	MLP	FRPH

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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

NMRK	+ 0.85	CIGI
FRPH	+ 0.75	NEN
FRPH	+ 0.74	FSV
FSV	+ 0.68	NEN
NMRK	+ 0.65	CWK
FRPH	+ 0.64	CIGI

High negative correlations

NEN	- 0.89	JLL
FSV	- 0.55	JLL
FRPH	- 0.53	JLL
MLP	- 0.34	MMI
MMI	- 0.3	JLL
CIGI	- 0.3	JLL

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
JLL	1.29	0.15	0.08	0.29	1.35	(1.36)	3.18	(2.34)	7.36
CWK	1.46	0.03	0.01	0.10	1.60	(1.73)	3.18	(2.57)	12.17
CIGI	1.10	(0.09)	0.00	(0.17)	0.00	0.00	2.45	(2.42)	8.74
NMRK	1.53	(0.14)	0.00	(0.18)	0.00	0.00	2.74	(2.92)	9.87
NEN	0.89	(0.16)	0.00	0.56	0.00	0.00	2.26	(2.78)	6.72
MMI	1.26	(0.14)	0.00	(0.31)	0.00	0.00	3.06	(2.56)	9.79
MAYS	1.63	0.08	0.00	(0.09)	2.15	(2.21)	4.42	(3.95)	16.12
FSV	1.06	(0.27)	0.00	0.84	0.00	0.00	2.01	(2.09)	10.54
MLP	1.78	(0.17)	0.00	(0.41)	0.00	0.00	3.73	(4.24)	13.31
FRPH	1.26	(0.10)	0.00	0.80	0.00	0.00	1.98	(2.90)	8.28

CoStar Corporate Management

Cyndi Eakin	Senior Controller	Profile
Frank Simuro	Chief Officer	Profile
Timothy Trainor	Communications Director	Profile
Richard Simonelli	Head Relations	Profile
Mark Ibbotson	Managing Canada	Profile
Christian Lown	Chief Officer	Profile

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