Centerspace Correlations

CSR Stock

USD 62.38 0.60 0.97%

The current 90-days correlation between Centerspace and Apartment Investment and is -0.02 (i.e., Good 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

Very good diversification

The correlation between Centerspace and DJI is -0.21 (i.e., Very good 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.

Build AI portfolio with Centerspace Stock

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 main economic indicators.

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

Moving together with Centerspace Stock

0.71

IRT

Independence Realty Trust

Pair Corr

Moving against Centerspace Stock

0.6	TRC	Tejon Ranch	Pair Corr
0.49	JOE	St Joe Company	Pair Corr
0.5	ASTLW	Algoma Steel Group	Pair Corr
0.5	TMHC	Taylor Morn Home	Pair Corr
0.5	CIZN	Citizens Holding	Pair Corr
0.44	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.43	CNOB	ConnectOne Bancorp	Pair Corr
0.4	GRBMF	Grupo Bimbo SAB	Pair Corr
0.4	ZHAOF	Zhaojin Mining Industry	Pair Corr
0.37	PXMFF	Philex Mining	Pair Corr
0.36	LYV	Live Nation Entertainment	Pair Corr
0.33	AP	Ampco Pittsburgh	Pair Corr

Related Correlations Analysis

	AIV	PMT	PDM	CLDT	HPP	CIO	DHC	NXRT	TWO
AIV		0.41	0.19	0.55	-0.54	0.05	0.49	0.34	0.58	AIV
PMT	0.41		0.14	0.02	-0.1	0.2	0.12	0.29	0.81	PMT
PDM	0.19	0.14		-0.14	0.38	0.63	-0.2	0.39	0.1	PDM
CLDT	0.55	0.02	-0.14		-0.89	-0.52	0.9	0.06	0.4	CLDT
HPP	-0.54	-0.1	0.38	-0.89		0.58	-0.9	-0.01	-0.48	HPP
CIO	0.05	0.2	0.63	-0.52	0.58		-0.56	0.16	0.06	CIO
DHC	0.49	0.12	-0.2	0.9	-0.9	-0.56		0.19	0.53	DHC
NXRT	0.34	0.29	0.39	0.06	-0.01	0.16	0.19		0.32	NXRT
TWO	0.58	0.81	0.1	0.4	-0.48	0.06	0.53	0.32		TWO
	AIV	PMT	PDM	CLDT	HPP	CIO	DHC	NXRT	TWO

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

DHC	+ 0.9	CLDT
TWO	+ 0.81	PMT
CIO	+ 0.63	PDM
TWO	+ 0.58	AIV
CIO	+ 0.58	HPP
CLDT	+ 0.55	AIV

High negative correlations

DHC	- 0.9	HPP
HPP	- 0.89	CLDT
DHC	- 0.56	CIO
HPP	- 0.54	AIV
CIO	- 0.52	CLDT
TWO	- 0.48	HPP

Risk-Adjusted Indicators

There is a big difference between Centerspace Stock performing well and Centerspace 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 Centerspace'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
AIV	0.79	0.01	0.00	0.06	0.00	0.00	1.77	(1.73)	5.22
PMT	1.09	(0.03)	(0.03)	0.05	2.46	(1.09)	2.42	(1.76)	16.00
PDM	1.54	(0.15)	0.00	(0.05)	0.00	0.00	3.07	(3.29)	11.90
CLDT	1.30	0.21	0.08	(2.50)	1.07	(1.63)	3.07	(2.05)	7.74
HPP	2.85	(1.12)	0.00	(0.40)	0.00	0.00	4.26	(6.54)	19.69
CIO	3.71	(1.31)	0.00	4.22	0.00	0.00	2.06	(0.73)	100.99
DHC	1.91	0.51	0.21	1.24	1.67	(2.38)	4.70	(3.90)	12.32
NXRT	1.25	(0.13)	0.00	(0.06)	0.00	0.00	2.84	(2.63)	8.91
TWO	2.27	0.11	0.01	0.48	3.76	(2.35)	5.62	(5.60)	25.79

Centerspace Corporate Management

Nancy Andersen	VP Officer	Profile
Grant Campbell	Senior Investments	Profile
Joe McComish	Vice Relations	Profile
Michael Dance	Independent Trustee	Profile
Julie Letner	Senior Culture	Profile
CFA CFA	Head Relations	Profile
Joshua CFA	Head Relations	Profile

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