Hudson Pacific Correlations

HPP Stock

USD 3.10 0.23 8.01%

The current 90-days correlation between Hudson Pacific Properties and Kilroy Realty Corp is 0.12 (i.e., Average diversification). The correlation of Hudson Pacific 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.

Hudson Pacific Correlation With Market

Modest diversification

The correlation between Hudson Pacific Properties and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hudson Pacific Properties and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hudson Pacific 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 american community survey.

Moving together with Hudson Stock

0.94	ARE	Alexandria Real Estate	Pair Corr
0.79	BXP	Boston Properties	Pair Corr
0.89	HIW	Highwoods Properties Earnings Call This Week	Pair Corr
0.89	PDM	Piedmont Office Realty Earnings Call This Week	Pair Corr
0.75	SLG	SL Green Realty	Pair Corr
0.86	O	Realty Income	Pair Corr
0.68	FR	First Industrial Realty Earnings Call This Week	Pair Corr
0.71	KW	Kennedy Wilson Holdings	Pair Corr
0.77	WY	Weyerhaeuser	Pair Corr
0.67	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.82	ADC-PA	Agree Realty	Pair Corr
0.68	VNO-PL	Vornado Realty Trust	Pair Corr
0.62	VNO-PM	Vornado Realty Trust	Pair Corr
0.8	VNO-PO	Vornado Realty Trust	Pair Corr

Moving against Hudson Stock

0.68	SHO	Sunstone Hotel Investors	Pair Corr
0.65	INN	Summit Hotel Properties	Pair Corr
0.64	RLJ	RLJ Lodging Trust	Pair Corr
0.59	DX	Dynex Capital	Pair Corr
0.4	PEB	Pebblebrook Hotel Trust Sell-off Trend	Pair Corr
0.39	CLDT	Chatham Lodging Trust	Pair Corr
0.76	MITT-PC	AG Mortgage Investment	Pair Corr
0.46	CDR-PC	Cedar Realty Trust	Pair Corr

Related Correlations Analysis

	KRC	OFC	HIW	CUZ	PDM	OPI	CIO	DEI	BDN	CIO-PA
KRC		-0.47	0.5	0.65	0.56	0.56	0.63	0.66	0.45	0.15	KRC
OFC	-0.47		-0.67	-0.33	-0.61	-0.75	-0.25	-0.42	0.03	0.11	OFC
HIW	0.5	-0.67		0.6	0.91	0.87	0.16	0.43	-0.04	-0.57	HIW
CUZ	0.65	-0.33	0.6		0.66	0.53	0.15	0.41	0.22	-0.37	CUZ
PDM	0.56	-0.61	0.91	0.66		0.82	0.2	0.34	-0.18	-0.6	PDM
OPI	0.56	-0.75	0.87	0.53	0.82		0.36	0.42	0.0	-0.4	OPI
CIO	0.63	-0.25	0.16	0.15	0.2	0.36		0.51	0.5	0.46	CIO
DEI	0.66	-0.42	0.43	0.41	0.34	0.42	0.51		0.76	0.23	DEI
BDN	0.45	0.03	-0.04	0.22	-0.18	0.0	0.5	0.76		0.55	BDN
CIO-PA	0.15	0.11	-0.57	-0.37	-0.6	-0.4	0.46	0.23	0.55		CIO-PA
	KRC	OFC	HIW	CUZ	PDM	OPI	CIO	DEI	BDN	CIO-PA

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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	+ 0.91	HIW
OPI	+ 0.87	HIW
OPI	+ 0.82	PDM
BDN	+ 0.76	DEI
DEI	+ 0.66	KRC
PDM	+ 0.66	CUZ

High negative correlations

OPI	- 0.75	OFC
HIW	- 0.67	OFC
PDM	- 0.61	OFC
CIO-PA	- 0.6	PDM
CIO-PA	- 0.57	HIW
OFC	- 0.47	KRC

Risk-Adjusted Indicators

There is a big difference between Hudson Stock performing well and Hudson Pacific 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 Hudson Pacific'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
KRC	1.71	(0.14)	0.00	(0.64)	0.00	0.00	2.99	(3.90)	12.11
OFC	1.39	0.16	0.07	0.58	1.30	(1.67)	3.10	(2.44)	6.24
HIW	1.22	(0.30)	0.00	(0.54)	0.00	0.00	1.53	(2.83)	6.40
CUZ	1.20	(0.10)	0.00	(0.35)	0.00	0.00	1.81	(2.80)	8.87
PDM	1.47	(0.35)	0.00	(2.74)	0.00	0.00	2.82	(3.84)	10.92
OPI	3.88	(0.89)	0.00	5.01	0.00	0.00	4.84	(9.41)	55.61
CIO	1.81	(0.18)	0.00	(0.52)	0.00	0.00	3.32	(4.47)	13.60
DEI	1.73	(0.06)	(0.03)	0.00	2.76	(1.52)	3.09	(4.39)	11.24
BDN	1.66	0.02	(0.01)	0.14	2.39	(1.64)	3.70	(3.71)	10.93
CIO-PA	0.97	0.09	(0.01)	(0.68)	1.06	(1.08)	2.20	(2.07)	6.61

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC