Weyerhaeuser Correlations

WY Stock

USD 30.60 0.07 0.23%

The current 90-days correlation between Weyerhaeuser and Lamar Advertising is 0.27 (i.e., Modest 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

Average diversification

The correlation between Weyerhaeuser and DJI is 0.19 (i.e., Average 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

0.68	EPRT	Essential Properties Sell-off Trend	Pair Corr
0.75	ESRT	Empire State Realty	Pair Corr
0.64	FCPT	Four Corners Property	Pair Corr
0.61	FISK	Empire State Realty	Pair Corr
0.61	ALX	Alexanders	Pair Corr
0.69	BNL	Broadstone Net Lease	Pair Corr

Moving against Weyerhaeuser Stock

0.38	PW	Power REIT	Pair Corr
0.46	AHT	Ashford Hospitality Trust	Pair Corr
0.4	CSR	Centerspace	Pair Corr

Related Correlations Analysis

	RYN	LAMR	FPI	LAND	PCH	OUT	GLPI	AMT	DLR
RYN		0.85	-0.01	0.52	0.69	0.55	0.62	0.39	0.09	RYN
LAMR	0.85		0.36	0.1	0.37	0.84	0.29	-0.03	0.47	LAMR
FPI	-0.01	0.36		-0.67	-0.34	0.62	-0.48	-0.83	0.9	FPI
LAND	0.52	0.1	-0.67		0.68	-0.32	0.65	0.82	-0.59	LAND
PCH	0.69	0.37	-0.34	0.68		0.19	0.57	0.59	-0.27	PCH
OUT	0.55	0.84	0.62	-0.32	0.19		0.04	-0.34	0.69	OUT
GLPI	0.62	0.29	-0.48	0.65	0.57	0.04		0.79	-0.38	GLPI
AMT	0.39	-0.03	-0.83	0.82	0.59	-0.34	0.79		-0.71	AMT
DLR	0.09	0.47	0.9	-0.59	-0.27	0.69	-0.38	-0.71		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

DLR	+ 0.9	FPI
LAMR	+ 0.85	RYN
OUT	+ 0.84	LAMR
AMT	+ 0.82	LAND
AMT	+ 0.79	GLPI
PCH	+ 0.69	RYN

High negative correlations

AMT	- 0.83	FPI
DLR	- 0.71	AMT
LAND	- 0.67	FPI
DLR	- 0.59	LAND
GLPI	- 0.48	FPI
DLR	- 0.38	GLPI

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	0.86	0.02	(0.04)	0.17	1.02	(0.94)	1.93	(1.62)	7.31
LAMR	0.84	0.08	0.03	0.29	1.03	(0.97)	1.94	(1.40)	7.16
FPI	1.06	0.33	0.25	1.40	0.70	(1.33)	3.38	(1.79)	7.85
LAND	0.96	(0.24)	0.00	(0.43)	0.00	0.00	2.23	(2.33)	7.90
PCH	1.11	0.00	(0.04)	0.08	1.32	(1.30)	2.72	(2.35)	11.55
OUT	1.22	0.25	0.13	0.41	1.22	(1.21)	2.81	(2.49)	8.30
GLPI	0.65	0.05	(0.04)	(0.80)	0.88	(0.65)	1.45	(1.18)	5.45
AMT	1.11	(0.05)	0.00	0.14	0.00	0.00	2.17	(2.45)	11.15
DLR	1.08	0.37	0.22	(1.57)	0.94	(1.29)	2.17	(1.47)	13.70

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