Digitalbridge Correlations

DBRG Stock

USD 12.85 0.52 4.22%

The current 90-days correlation between Digitalbridge Group and Marcus Millichap is 0.29 (i.e., Modest diversification). The correlation of Digitalbridge 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.

Digitalbridge Correlation With Market

Modest diversification

The correlation between Digitalbridge Group and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Digitalbridge Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Digitalbridge 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 metropolitan statistical area.

Moving together with Digitalbridge Stock

0.63	CKX	CKX Lands	Pair Corr
0.62	WY	Weyerhaeuser Fiscal Year End 23rd of January 2025	Pair Corr
0.78	ADC-PA	Agree Realty	Pair Corr
0.68	VNO-PL	Vornado Realty Trust	Pair Corr
0.65	VNO-PM	Vornado Realty Trust	Pair Corr
0.73	VNO-PO	Vornado Realty Trust	Pair Corr
0.76	MITT-PA	AG Mortgage Investment	Pair Corr
0.63	MITT-PB	AG Mortgage Investment	Pair Corr

Moving against Digitalbridge Stock

0.42	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.41	RC	Ready Capital Corp Sell-off Trend	Pair Corr
0.41	DOUG	Douglas Elliman	Pair Corr
0.32	PK	Park Hotels Resorts	Pair Corr
0.31	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.74	AHT	Ashford Hospitality Trust	Pair Corr
0.56	ACR	Acres Commercial Realty	Pair Corr
0.39	EMITF	Elbit Imaging	Pair Corr
0.34	AHH	Armada Hflr Pr	Pair Corr

Related Correlations Analysis

	MMI	JLL	CBRE	CIGI	FRPH	FSV	NEN	MAYS	MLP	HOUS
MMI		0.17	0.47	0.0	0.59	0.23	-0.02	0.3	0.25	0.0	MMI
JLL	0.17		0.75	0.88	0.23	0.66	0.19	-0.2	-0.47	-0.38	JLL
CBRE	0.47	0.75		0.59	0.63	0.86	0.4	0.01	-0.25	-0.69	CBRE
CIGI	0.0	0.88	0.59		0.02	0.58	0.16	-0.19	-0.49	-0.28	CIGI
FRPH	0.59	0.23	0.63	0.02		0.55	0.28	-0.05	0.16	-0.31	FRPH
FSV	0.23	0.66	0.86	0.58	0.55		0.41	-0.23	-0.21	-0.69	FSV
NEN	-0.02	0.19	0.4	0.16	0.28	0.41		-0.13	-0.01	-0.48	NEN
MAYS	0.3	-0.2	0.01	-0.19	-0.05	-0.23	-0.13		0.13	0.12	MAYS
MLP	0.25	-0.47	-0.25	-0.49	0.16	-0.21	-0.01	0.13		0.19	MLP
HOUS	0.0	-0.38	-0.69	-0.28	-0.31	-0.69	-0.48	0.12	0.19		HOUS
	MMI	JLL	CBRE	CIGI	FRPH	FSV	NEN	MAYS	MLP	HOUS

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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

CIGI	+ 0.88	JLL
FSV	+ 0.86	CBRE
CBRE	+ 0.75	JLL
FSV	+ 0.66	JLL
FRPH	+ 0.63	CBRE
FRPH	+ 0.59	MMI

High negative correlations

HOUS	- 0.69	FSV
HOUS	- 0.69	CBRE
MLP	- 0.49	CIGI
HOUS	- 0.48	NEN
MLP	- 0.47	JLL
HOUS	- 0.38	JLL

Risk-Adjusted Indicators

There is a big difference between Digitalbridge Stock performing well and Digitalbridge 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 Digitalbridge'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
MMI	1.37	0.00	0.02	0.12	1.50	(1.50)	4.32	(2.59)	9.67
JLL	1.38	0.08	(0.01)	0.45	1.67	(1.49)	3.17	(2.20)	11.41
CBRE	1.19	0.26	0.13	1.65	1.02	(1.47)	2.87	(1.72)	12.38
CIGI	1.06	(0.02)	(0.07)	0.07	1.31	(1.10)	2.36	(2.03)	8.07
FRPH	1.03	0.07	0.05	0.19	0.99	(1.18)	2.20	(1.94)	5.60
FSV	0.78	0.11	0.02	0.62	0.72	(0.84)	1.88	(1.24)	4.36
NEN	1.35	0.30	0.06	(0.59)	1.49	(1.58)	3.70	(3.59)	12.12
MAYS	0.95	0.02	0.00	0.09	0.00	0.00	3.31	(3.62)	11.71
MLP	2.19	(0.14)	0.01	0.07	2.86	(2.29)	4.26	(5.00)	20.43
HOUS	2.98	(0.16)	(0.04)	0.00	3.16	(3.64)	6.89	(5.35)	19.60

Digitalbridge Corporate Management

Robert Haak	Managing Strategy	Profile
Chris Bucaria	Managing Strategies	Profile
Stephen Stryker	MD Officer	Profile
Peter Hopper	Managing Director	Profile
Sonia Kim	Chief Accounting Officer, Managing Director	Profile
Dean Criares	MD Credit	Profile
Michael Bucey	Operating Partner	Profile

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