Franklin Street Correlations

FSP Stock

USD 1.81 0.04 2.16%

The current 90-days correlation between Franklin Street Prop and Creative Media Community is -0.04 (i.e., Good diversification). The correlation of Franklin Street 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.

Franklin Street Correlation With Market

Good diversification

The correlation between Franklin Street Properties and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Street Properties 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 Franklin Street Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Franklin Stock

0.62

DEI

Douglas Emmett Earnings Call This Week

Pair Corr

Moving against Franklin Stock

0.35

AHT-PD

Ashford Hospitality Trust

Pair Corr

Related Correlations Analysis

	OFC	CUZ	CMCT	HIW	DEI	EQC	KRC	PDM	BDN
OFC		-0.33	-0.74	-0.67	-0.42	-0.66	-0.47	-0.61	0.03	OFC
CUZ	-0.33		0.47	0.6	0.41	0.58	0.65	0.66	0.22	CUZ
CMCT	-0.74	0.47		0.92	0.26	0.81	0.44	0.91	-0.27	CMCT
HIW	-0.67	0.6	0.92		0.43	0.8	0.5	0.91	-0.04	HIW
DEI	-0.42	0.41	0.26	0.43		0.22	0.66	0.34	0.76	DEI
EQC	-0.66	0.58	0.81	0.8	0.22		0.23	0.76	-0.25	EQC
KRC	-0.47	0.65	0.44	0.5	0.66	0.23		0.56	0.45	KRC
PDM	-0.61	0.66	0.91	0.91	0.34	0.76	0.56		-0.18	PDM
BDN	0.03	0.22	-0.27	-0.04	0.76	-0.25	0.45	-0.18		BDN
	OFC	CUZ	CMCT	HIW	DEI	EQC	KRC	PDM	BDN

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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

HIW	+ 0.92	CMCT
PDM	+ 0.91	CMCT
PDM	+ 0.91	HIW
EQC	+ 0.81	CMCT
EQC	+ 0.8	HIW
BDN	+ 0.76	DEI

High negative correlations

CMCT	- 0.74	OFC
HIW	- 0.67	OFC
EQC	- 0.66	OFC
PDM	- 0.61	OFC
KRC	- 0.47	OFC
DEI	- 0.42	OFC

Risk-Adjusted Indicators

There is a big difference between Franklin Stock performing well and Franklin Street 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 Franklin Street'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
OFC	1.39	0.16	0.07	0.58	1.30	(1.67)	3.10	(2.44)	6.24
CUZ	1.20	(0.10)	0.00	(0.35)	0.00	0.00	1.81	(2.80)	8.87
CMCT	7.86	(2.39)	0.00	(2.84)	0.00	0.00	13.82	(17.36)	67.27
HIW	1.22	(0.30)	0.00	(0.54)	0.00	0.00	1.53	(2.83)	6.40
DEI	1.73	(0.06)	(0.03)	0.00	2.76	(1.52)	3.09	(4.39)	11.24
EQC	3.09	(1.26)	0.00	(1.13)	0.00	0.00	2.38	(2.23)	94.26
KRC	1.71	(0.14)	0.00	(0.64)	0.00	0.00	2.99	(3.90)	12.11
PDM	1.47	(0.35)	0.00	(2.74)	0.00	0.00	2.82	(3.84)	10.92
BDN	1.66	0.02	(0.01)	0.14	2.39	(1.64)	3.70	(3.71)	10.93

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