Crown Castle Correlations

CCI Stock

USD 105.76 2.06 1.99%

The current 90-days correlation between Crown Castle and Digital Realty Trust is 0.09 (i.e., Significant diversification). The correlation of Crown Castle 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.

Crown Castle Correlation With Market

Modest diversification

The correlation between Crown Castle and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crown Castle and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Crown Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Crown Castle. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For more detail on how to invest in Crown Stock please use our How to Invest in Crown Castle guide.

Moving together with Crown Stock

0.64	O	Realty Income Earnings Call Shortly	Pair Corr
0.66	VICI	VICI Properties Earnings Call Shortly	Pair Corr
0.72	ADC	Agree Realty	Pair Corr
0.74	AMH	American Homes 4	Pair Corr
0.92	AMT	American Tower Corp	Pair Corr
0.64	BNL	Broadstone Net Lease	Pair Corr

Moving against Crown Stock

0.81	WHLR	Wheeler Real Estate Earnings Call Shortly	Pair Corr
0.78	Z	Zillow Group Class Earnings Call Shortly	Pair Corr
0.75	PK	Park Hotels Resorts	Pair Corr
0.74	EQIX	Equinix Earnings Call Shortly	Pair Corr
0.66	UE	Urban Edge Properties Earnings Call Shortly	Pair Corr
0.65	ESRT	Empire State Realty	Pair Corr
0.65	FISK	Empire State Realty Earnings Call Shortly	Pair Corr
0.59	AAT	American Assets Trust	Pair Corr
0.4	FR	First Industrial Realty	Pair Corr
0.34	ESBA	Empire State Realty Earnings Call Shortly	Pair Corr
0.33	PW	Power REIT Earnings Call Shortly	Pair Corr
0.33	WY	Weyerhaeuser	Pair Corr
0.82	AHH	Armada Hflr Pr Earnings Call Shortly	Pair Corr
0.7	AKR	Acadia Realty Trust	Pair Corr
0.69	BDN	Brandywine Realty Trust	Pair Corr
0.52	BXP	Boston Properties Potential Growth	Pair Corr
0.5	AIV	Apartment Investment and Earnings Call Shortly	Pair Corr
0.49	AHT	Ashford Hospitality Trust	Pair Corr
0.48	BFS	Saul Centers	Pair Corr
0.47	AVB	AvalonBay Communities	Pair Corr
0.42	ARE	Alexandria Real Estate	Pair Corr
0.42	CDP	COPT Defense Properties	Pair Corr
0.37	BRX	Brixmor Property	Pair Corr
0.32	BRT	BRT Realty Trust Earnings Call Shortly	Pair Corr

Related Correlations Analysis

	DLR	EQIX	SBAC	IRM	AMT	HASI	GLPI	EPR
DLR		0.88	-0.29	0.85	-0.73	0.15	-0.25	-0.24	DLR
EQIX	0.88		-0.4	0.84	-0.78	0.46	-0.11	-0.03	EQIX
SBAC	-0.29	-0.4		-0.37	0.59	-0.28	0.37	0.29	SBAC
IRM	0.85	0.84	-0.37		-0.8	0.22	-0.22	-0.35	IRM
AMT	-0.73	-0.78	0.59	-0.8		-0.18	0.45	0.5	AMT
HASI	0.15	0.46	-0.28	0.22	-0.18		0.55	0.52	HASI
GLPI	-0.25	-0.11	0.37	-0.22	0.45	0.55		0.81	GLPI
EPR	-0.24	-0.03	0.29	-0.35	0.5	0.52	0.81		EPR
	DLR	EQIX	SBAC	IRM	AMT	HASI	GLPI	EPR

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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

EQIX	+ 0.88	DLR
IRM	+ 0.85	DLR
IRM	+ 0.84	EQIX
EPR	+ 0.81	GLPI
AMT	+ 0.59	SBAC
GLPI	+ 0.55	HASI

High negative correlations

AMT	- 0.8	IRM
AMT	- 0.78	EQIX
AMT	- 0.73	DLR
SBAC	- 0.4	EQIX
IRM	- 0.37	SBAC
EPR	- 0.35	IRM

Risk-Adjusted Indicators

There is a big difference between Crown Stock performing well and Crown Castle 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 Crown Castle'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
DLR	1.68	0.11	0.00	(0.01)	0.00	0.00	3.17	(3.78)	10.02
EQIX	1.45	0.08	0.00	(0.05)	0.00	0.00	2.32	(3.36)	11.10
SBAC	1.31	0.36	0.26	1.18	1.38	(1.38)	3.01	(2.49)	10.00
IRM	1.92	(0.02)	0.00	(0.16)	0.00	0.00	2.81	(5.68)	13.21
AMT	1.38	0.29	0.21	1.23	1.52	(1.43)	3.19	(3.08)	10.21
HASI	1.64	(0.08)	0.00	(0.26)	0.00	0.00	3.54	(4.91)	11.62
GLPI	0.97	0.08	0.10	0.01	1.33	(0.93)	1.76	(2.25)	6.75
EPR	1.35	0.19	0.11	0.09	1.74	(1.48)	2.38	(2.90)	10.06

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