Equity Residential Correlations

Stocks . USA . 
Stock . Equity Residential
EQR Stock  USD 69.77  0.48  0.68%   
The current 90-days correlation between Equity Residential and Essex Property Trust is 0.92 (i.e., Almost no diversification). The correlation of Equity Residential 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.

Equity Residential Correlation With Market

Modest diversification

The correlation between Equity Residential 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 Equity Residential 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 Residential. 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.
To learn how to invest in Equity Stock, please use our How to Invest in Equity Residential guide.

Moving together with Equity Stock

  0.63O Realty IncomePairCorr
  0.8FR First Industrial RealtyPairCorr
  0.76HR Healthcare Realty TrustPairCorr
  0.69UE Urban Edge PropertiesPairCorr
  0.72WY Weyerhaeuser Earnings Call This WeekPairCorr
  0.81VICI VICI PropertiesPairCorr
  0.68ELME Elme CommunitiesPairCorr
  0.87EPRT Essential PropertiesPairCorr
  0.64WELL WelltowerPairCorr
  0.69ESBA Empire State RealtyPairCorr
  0.77ESRT Empire State RealtyPairCorr
  0.85FCPT Four Corners PropertyPairCorr
  0.67FISK Empire State RealtyPairCorr
  0.82AAT American Assets TrustPairCorr
  0.83ADC Agree RealtyPairCorr
  0.77AHH Armada Hflr PrPairCorr
  0.72AKR Acadia Realty TrustPairCorr
  0.74ALX AlexandersPairCorr
  0.82AMH American Homes 4PairCorr
  0.68AMT American Tower CorpPairCorr
  0.89AVB AvalonBay CommunitiesPairCorr
  0.77BFS Saul CentersPairCorr
  0.61BHR Braemar Hotel ResortsPairCorr
  0.69BNL Broadstone Net LeasePairCorr
  0.74BRX Brixmor PropertyPairCorr
  0.78BXP Boston PropertiesPairCorr
  0.73CCI Crown Castle Earnings Call This WeekPairCorr
  0.9CPT Camden Property Trust Sell-off TrendPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Equity Stock performing well and Equity Residential 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 Residential'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.

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