Equity Commonwealth Correlations

EQC Stock

USD 20.11 0.03 0.15%

The current 90-days correlation between Equity Commonwealth and Cousins Properties Incorporated is 0.1 (i.e., Average diversification). The correlation of Equity Commonwealth 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.

Equity Commonwealth Correlation With Market

Average diversification

The correlation between Equity Commonwealth and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equity Commonwealth 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 Equity Commonwealth. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

For information on how to trade Equity Stock refer to our How to Trade Equity Stock guide.

Moving against Equity Stock

0.63	SITC	Site Centers Corp	Pair Corr
0.55	WY	Weyerhaeuser Fiscal Year End 23rd of January 2025	Pair Corr
0.5	AHR	American Healthcare REIT,	Pair Corr
0.39	SKT	Tanger Factory Outlet	Pair Corr
0.32	SPG	Simon Property Group	Pair Corr
0.78	MITT-PA	AG Mortgage Investment	Pair Corr
0.75	CDR-PC	Cedar Realty Trust	Pair Corr
0.74	MITT-PB	AG Mortgage Investment	Pair Corr
0.7	VNO-PO	Vornado Realty Trust	Pair Corr
0.66	ADC-PA	Agree Realty	Pair Corr
0.6	VNO-PM	Vornado Realty Trust	Pair Corr
0.59	VNO-PL	Vornado Realty Trust	Pair Corr
0.59	CDR-PB	Cedar Realty Trust	Pair Corr
0.56	VNO-PN	Vornado Realty Trust	Pair Corr
0.54	ESRT	Empire State Realty	Pair Corr

Related Correlations Analysis

	HPP-PC	SLG-PI	VNO-PL	VNO-PO	CUZ	HIW	DEI	KRC	OFC	PDM
HPP-PC		0.85	0.74	0.89	0.79	0.78	0.85	0.87	0.27	0.71	HPP-PC
SLG-PI	0.85		0.86	0.89	0.65	0.62	0.76	0.73	0.23	0.58	SLG-PI
VNO-PL	0.74	0.86		0.91	0.42	0.66	0.49	0.56	-0.03	0.66	VNO-PL
VNO-PO	0.89	0.89	0.91		0.66	0.8	0.71	0.76	0.16	0.76	VNO-PO
CUZ	0.79	0.65	0.42	0.66		0.63	0.94	0.88	0.66	0.59	CUZ
HIW	0.78	0.62	0.66	0.8	0.63		0.62	0.81	-0.04	0.95	HIW
DEI	0.85	0.76	0.49	0.71	0.94	0.62		0.91	0.56	0.58	DEI
KRC	0.87	0.73	0.56	0.76	0.88	0.81	0.91		0.33	0.77	KRC
OFC	0.27	0.23	-0.03	0.16	0.66	-0.04	0.56	0.33		-0.08	OFC
PDM	0.71	0.58	0.66	0.76	0.59	0.95	0.58	0.77	-0.08		PDM
	HPP-PC	SLG-PI	VNO-PL	VNO-PO	CUZ	HIW	DEI	KRC	OFC	PDM

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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

PDM	+ 0.95	HIW
DEI	+ 0.94	CUZ
VNO-PO	+ 0.91	VNO-PL
KRC	+ 0.91	DEI
VNO-PO	+ 0.89	HPP-PC
VNO-PO	+ 0.89	SLG-PI

High negative correlations

PDM	- 0.08	OFC
OFC	- 0.04	HIW
OFC	- 0.03	VNO-PL

Risk-Adjusted Indicators

There is a big difference between Equity Stock performing well and Equity Commonwealth 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 Equity Commonwealth'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
HPP-PC	1.42	0.22	0.06	0.76	2.19	(1.41)	3.35	(3.31)	11.35
SLG-PI	0.66	0.10	0.02	0.47	0.56	(0.77)	1.37	(1.24)	4.16
VNO-PL	0.82	0.03	(0.06)	0.22	0.69	(1.13)	1.95	(1.22)	6.09
VNO-PO	0.81	0.08	0.01	0.32	0.84	(0.86)	1.98	(1.77)	5.95
CUZ	0.83	0.18	0.10	0.45	0.91	(0.88)	1.92	(1.82)	5.40
HIW	0.95	(0.02)	(0.05)	0.08	1.16	(1.02)	1.84	(2.16)	5.78
DEI	1.36	0.27	0.17	0.40	1.37	(1.57)	2.79	(2.06)	8.58
KRC	1.40	0.12	0.10	0.22	1.35	(1.63)	3.71	(2.85)	8.91
OFC	1.39	0.23	0.05	(0.53)	1.30	(1.67)	3.10	(2.44)	6.24
PDM	1.28	(0.04)	(0.03)	0.08	1.55	(1.50)	3.08	(2.47)	8.49

Equity Commonwealth Corporate Management

Orrin JD	General VP	Profile
James Lozier	Independent Trustee	Profile
Andrew Levy	Senior Officer	Profile
Edward Glickman	Independent Trustee	Profile
James Star	Independent Trustee	Profile
Mary Robertson	Independent Trustee	Profile

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