Weyerhaeuser Correlations

WY Stock

USD 30.96 0.42 1.38%

The current 90-days correlation between Weyerhaeuser and Lamar Advertising is 0.47 (i.e., Very weak diversification). The correlation of Weyerhaeuser 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.

Weyerhaeuser Correlation With Market

Modest diversification

The correlation between Weyerhaeuser and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Weyerhaeuser and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Weyerhaeuser. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

For more information on how to buy Weyerhaeuser Stock please use our How to Invest in Weyerhaeuser guide.

Moving together with Weyerhaeuser Stock

0.85	AMT	American Tower Corp	Pair Corr
0.83	ARE	Alexandria Real Estate	Pair Corr
0.65	AVB	AvalonBay Communities	Pair Corr
0.85	BNL	Broadstone Net Lease Sell-off Trend	Pair Corr
0.76	BXP	Boston Properties	Pair Corr
0.82	CCI	Crown Castle	Pair Corr
0.64	CSR	Centerspace	Pair Corr
0.67	CUZ	Cousins Properties Earnings Call This Week	Pair Corr
0.75	ELS	Equity Lifestyle Pro Sell-off Trend	Pair Corr
0.64	EQR	Equity Residential	Pair Corr
0.71	ESS	Essex Property Trust Earnings Call This Week	Pair Corr
0.68	HIW	Highwoods Properties Earnings Call This Week	Pair Corr
0.78	HPP	Hudson Pacific Properties Buyout Trend	Pair Corr
0.82	IRM	Iron Mountain	Pair Corr
0.7	PDM	Piedmont Office Realty Earnings Call This Week	Pair Corr
0.68	RHP	Ryman Hospitality	Pair Corr
0.75	SLG	SL Green Realty	Pair Corr
0.61	SUI	Sun Communities	Pair Corr
0.65	HASI	Hannon Armstrong Sus	Pair Corr
0.62	INVH	Invitation Homes	Pair Corr
0.81	SBAC	SBA Communications Corp	Pair Corr

Moving against Weyerhaeuser Stock

0.46	INN	Summit Hotel Properties	Pair Corr
0.31	RLJ	RLJ Lodging Trust	Pair Corr
0.59	SHO	Sunstone Hotel Investors	Pair Corr

Related Correlations Analysis

	RYN	LAMR	FPI	LAND	PCH	OUT	GLPI	AMT	DLR
RYN		0.87	-0.63	0.82	0.63	0.39	0.81	0.87	0.4	RYN
LAMR	0.87		-0.62	0.79	0.72	0.37	0.85	0.9	0.27	LAMR
FPI	-0.63	-0.62		-0.74	-0.09	0.09	-0.36	-0.72	0.08	FPI
LAND	0.82	0.79	-0.74		0.37	-0.09	0.6	0.85	0.04	LAND
PCH	0.63	0.72	-0.09	0.37		0.58	0.79	0.61	0.41	PCH
OUT	0.39	0.37	0.09	-0.09	0.58		0.63	0.28	0.65	OUT
GLPI	0.81	0.85	-0.36	0.6	0.79	0.63		0.84	0.49	GLPI
AMT	0.87	0.9	-0.72	0.85	0.61	0.28	0.84		0.24	AMT
DLR	0.4	0.27	0.08	0.04	0.41	0.65	0.49	0.24		DLR
	RYN	LAMR	FPI	LAND	PCH	OUT	GLPI	AMT	DLR

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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

AMT	+ 0.9	LAMR
LAMR	+ 0.87	RYN
AMT	+ 0.87	RYN
GLPI	+ 0.85	LAMR
AMT	+ 0.85	LAND
AMT	+ 0.84	GLPI

High negative correlations

LAND	- 0.74	FPI
AMT	- 0.72	FPI
FPI	- 0.63	RYN
FPI	- 0.62	LAMR
GLPI	- 0.36	FPI
OUT	- 0.09	LAND

Risk-Adjusted Indicators

There is a big difference between Weyerhaeuser Stock performing well and Weyerhaeuser 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 Weyerhaeuser'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
RYN	1.09	(0.19)	0.00	(0.47)	0.00	0.00	1.87	(2.46)	5.85
LAMR	0.81	(0.12)	0.00	(0.35)	0.00	0.00	2.05	(1.52)	6.91
FPI	1.26	0.18	0.09	0.39	1.39	(1.41)	2.89	(2.98)	9.80
LAND	1.22	(0.34)	0.00	(0.74)	0.00	0.00	1.96	(2.87)	8.25
PCH	1.30	0.04	0.00	0.17	1.65	(1.46)	3.29	(2.57)	9.59
OUT	1.15	(0.02)	(0.04)	0.02	1.62	(1.10)	2.24	(2.67)	8.47
GLPI	0.95	(0.10)	0.00	(0.16)	0.00	0.00	1.75	(2.08)	5.52
AMT	1.33	(0.33)	0.00	(0.56)	0.00	0.00	2.01	(4.19)	8.48
DLR	1.38	(0.06)	0.00	(0.02)	0.00	0.00	2.79	(4.09)	18.35

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