| CSR Stock | | | USD 73.71 0.68 0.93% |
The current 90-days correlation between Centerspace and Nexpoint Residential Trust is 0.6 (i.e., Poor diversification). The correlation of Centerspace 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.
Centerspace Correlation With Market
Modest diversification
The correlation between Centerspace and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Centerspace 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 Centerspace. 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 Centerspace Stock, please use our
How to Invest in Centerspace guide.