Douglas Elliman Correlations

DOUG Stock

USD 2.50 0.11 4.60%

The current 90-days correlation between Douglas Elliman and New England Realty is 0.05 (i.e., Significant diversification). The correlation of Douglas Elliman 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.

Douglas Elliman Correlation With Market

Good diversification

The correlation between Douglas Elliman and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Douglas Elliman 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 Douglas Elliman. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For more detail on how to invest in Douglas Stock please use our How to Invest in Douglas Elliman guide.

Moving against Douglas Stock

0.61	O	Realty Income	Pair Corr
0.57	ADC-PA	Agree Realty	Pair Corr
0.4	BHM	Bluerock Homes Trust	Pair Corr
0.34	FR	First Industrial Realty	Pair Corr
0.47	WETH	Wetouch Technology Common	Pair Corr
0.39	EARN	Ellington Residential Normal Trading	Pair Corr
0.35	VICI	VICI Properties	Pair Corr
0.33	MITT-PA	AG Mortgage Investment	Pair Corr
0.32	VNO-PO	Vornado Realty Trust	Pair Corr
0.32	FCPT	Four Corners Property	Pair Corr

Related Correlations Analysis

	NEN	FRPH	MMI	TCI	FTHM	MAYS	HOUS	RMAX	FSV
NEN		0.28	-0.07	-0.24	-0.34	-0.19	-0.54	0.01	0.38	NEN
FRPH	0.28		0.57	-0.24	-0.68	-0.12	-0.33	0.16	0.49	FRPH
MMI	-0.07	0.57		0.02	-0.41	0.3	0.01	0.27	0.21	MMI
TCI	-0.24	-0.24	0.02		0.16	0.03	0.51	-0.15	-0.63	TCI
FTHM	-0.34	-0.68	-0.41	0.16		-0.05	0.53	0.23	-0.33	FTHM
MAYS	-0.19	-0.12	0.3	0.03	-0.05		0.07	-0.17	-0.26	MAYS
HOUS	-0.54	-0.33	0.01	0.51	0.53	0.07		0.22	-0.7	HOUS
RMAX	0.01	0.16	0.27	-0.15	0.23	-0.17	0.22		0.3	RMAX
FSV	0.38	0.49	0.21	-0.63	-0.33	-0.26	-0.7	0.3		FSV
	NEN	FRPH	MMI	TCI	FTHM	MAYS	HOUS	RMAX	FSV

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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

MMI	+ 0.57	FRPH
HOUS	+ 0.53	FTHM
HOUS	+ 0.51	TCI
FSV	+ 0.49	FRPH
FSV	+ 0.38	NEN
MAYS	+ 0.3	MMI

High negative correlations

FSV	- 0.7	HOUS
FTHM	- 0.68	FRPH
FSV	- 0.63	TCI
HOUS	- 0.54	NEN
FTHM	- 0.41	MMI
FTHM	- 0.34	NEN

Risk-Adjusted Indicators

There is a big difference between Douglas Stock performing well and Douglas Elliman 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 Douglas Elliman'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
NEN	1.35	0.26	0.08	(3.41)	1.49	(1.58)	3.70	(3.59)	12.12
FRPH	0.99	0.05	0.04	0.14	1.02	(1.12)	2.19	(1.94)	5.60
MMI	1.38	0.02	0.03	0.10	1.50	(1.51)	4.32	(2.59)	9.67
TCI	1.28	(0.18)	0.00	(0.08)	0.00	0.00	2.60	(3.18)	9.83
FTHM	3.81	(0.18)	0.00	0.52	0.00	0.00	8.65	(9.09)	26.97
MAYS	0.88	(0.03)	0.00	(0.10)	0.00	0.00	3.31	(3.62)	11.71
HOUS	2.86	(0.29)	0.00	(0.18)	0.00	0.00	6.89	(5.35)	19.60
RMAX	2.36	(0.01)	(0.01)	0.07	2.64	(2.76)	5.11	(4.18)	24.53
FSV	0.77	0.10	0.04	0.68	0.72	(0.83)	1.47	(1.24)	4.36

Douglas Elliman Corporate Management

Michael Liebowitz	Independent Director	Profile
Lynn Mestel	Independent Director	Profile
David Ballard	VP CTO	Profile
Mark Zeitchick	Independent Director	Profile
Stephen Larkin	Vice President - Communications	Profile

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