Newmark Correlations

NMRK Stock

USD 15.40 1.87 10.83%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Newmark moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Newmark Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Newmark Correlation With Market

Very weak diversification

The correlation between Newmark Group and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Newmark Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Newmark Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newmark Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving against Newmark Stock

0.57	SHS	Shenzhen Investment	Pair Corr
0.41	OPINL	Office Properties Income	Pair Corr

Related Correlations Analysis

	CWK	JOE	CDP	HIW	MPW	PCH	BNL	OUT	GRP-UN	VNO
CWK		0.39	0.16	-0.05	-0.02	0.4	0.13	0.33	0.38	0.08	CWK
JOE	0.39		0.74	-0.39	0.22	0.65	0.71	0.73	0.81	-0.51	JOE
CDP	0.16	0.74		-0.01	-0.02	0.46	0.78	0.5	0.47	-0.43	CDP
HIW	-0.05	-0.39	-0.01		-0.49	-0.25	0.05	-0.68	-0.48	0.55	HIW
MPW	-0.02	0.22	-0.02	-0.49		0.14	-0.16	0.29	0.15	-0.1	MPW
PCH	0.4	0.65	0.46	-0.25	0.14		0.61	0.49	0.75	-0.64	PCH
BNL	0.13	0.71	0.78	0.05	-0.16	0.61		0.44	0.64	-0.62	BNL
OUT	0.33	0.73	0.5	-0.68	0.29	0.49	0.44		0.73	-0.59	OUT
GRP-UN	0.38	0.81	0.47	-0.48	0.15	0.75	0.64	0.73		-0.67	GRP-UN
VNO	0.08	-0.51	-0.43	0.55	-0.1	-0.64	-0.62	-0.59	-0.67		VNO
	CWK	JOE	CDP	HIW	MPW	PCH	BNL	OUT	GRP-UN	VNO

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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

GRP-UN	+ 0.81	JOE
BNL	+ 0.78	CDP
GRP-UN	+ 0.75	PCH
CDP	+ 0.74	JOE
OUT	+ 0.73	JOE
GRP-UN	+ 0.73	OUT

High negative correlations

OUT	- 0.68	HIW
VNO	- 0.67	GRP-UN
VNO	- 0.64	PCH
VNO	- 0.62	BNL
VNO	- 0.59	OUT
VNO	- 0.51	JOE

Risk-Adjusted Indicators

There is a big difference between Newmark Stock performing well and Newmark 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 Newmark'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
CWK	1.73	0.08	0.00	2.52	1.94	(2.06)	4.34	(3.55)	14.42
JOE	1.25	0.18	0.16	0.26	0.98	(1.64)	3.15	(1.96)	7.69
CDP	0.94	0.17	0.11	1.02	0.79	(1.10)	2.23	(1.38)	7.18
HIW	1.00	(0.17)	0.00	(0.29)	0.00	0.00	1.92	(2.21)	7.13
MPW	1.56	0.03	(0.04)	(0.01)	1.81	(1.85)	4.13	(3.19)	11.84
PCH	1.34	0.04	(0.01)	0.22	1.45	(1.50)	3.38	(2.62)	7.23
BNL	0.87	0.16	0.06	(1.06)	0.95	(0.94)	2.10	(1.44)	6.01
OUT	1.54	0.61	0.48	1.20	0.63	(1.99)	3.74	(1.77)	16.82
GRP-UN	1.49	0.27	0.06	0.41	3.35	(1.93)	2.81	(1.81)	30.14
VNO	1.40	(0.20)	0.00	(0.13)	0.00	0.00	2.88	(2.85)	9.73

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