Colliers International Correlations

CIGI Stock

USD 115.58 2.47 2.18%

The current 90-days correlation between Colliers International and Jones Lang LaSalle is 0.83 (i.e., Very poor diversification). The correlation of Colliers International 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.

Colliers International Correlation With Market

Poor diversification

The correlation between Colliers International Group and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Colliers International Group and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Colliers International 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 price.

Moving together with Colliers Stock

0.66	KW	Kennedy Wilson Holdings	Pair Corr
0.91	ZG	Zillow Group Earnings Call This Week	Pair Corr
0.93	EXPI	eXp World Holdings Earnings Call This Week	Pair Corr
0.93	CWK	Cushman Wakefield plc Earnings Call This Week	Pair Corr
0.8	FRPH	Frp Holdings Ord	Pair Corr
0.72	IRS	IRSA Inversiones Y	Pair Corr
0.91	JLL	Jones Lang LaSalle	Pair Corr
0.84	MLP	Maui Land Pineapple	Pair Corr
0.8	MMI	Marcus Millichap	Pair Corr
0.79	OMH	Ohmyhome Limited Ordinary	Pair Corr
0.69	HOUS	Anywhere Real Estate Buyout Trend	Pair Corr
0.83	NMRK	Newmark Group Earnings Call Next Week	Pair Corr
0.9	OPAD	Offerpad Solutions	Pair Corr
0.8	OPEN	Opendoor Technologies Earnings Call This Week	Pair Corr
0.94	RMAX	Re Max Holding Earnings Call This Week	Pair Corr
0.7	SQFT	Presidio Property Trust	Pair Corr
0.9	CBRE	CBRE Group Class Earnings Call Next Week	Pair Corr
0.82	DBRG	Digitalbridge Group Earnings Call This Week	Pair Corr
0.92	PK	Park Hotels Resorts Earnings Call This Week	Pair Corr
0.71	PW	Power REIT	Pair Corr
0.83	RC	Ready Capital Corp	Pair Corr
0.82	UE	Urban Edge Properties	Pair Corr
0.73	WY	Weyerhaeuser Earnings Call Tomorrow	Pair Corr

Moving against Colliers Stock

0.32	TCI	Transcontinental Realty	Pair Corr
0.51	O	Realty Income	Pair Corr
0.45	BEKE	Ke Holdings	Pair Corr
0.63	VICI	VICI Properties Earnings Call This Week	Pair Corr

Related Correlations Analysis

	FRPH	MMI	MLP	MAYS	JLL	NMRK	CBRE	CWK	CSGP	TCI
FRPH		0.93	0.91	0.87	0.92	0.95	0.95	0.89	-0.42	-0.22	FRPH
MMI	0.93		0.93	0.76	0.94	0.98	0.93	0.88	-0.31	-0.11	MMI
MLP	0.91	0.93		0.81	0.94	0.95	0.92	0.94	-0.33	-0.26	MLP
MAYS	0.87	0.76	0.81		0.78	0.83	0.82	0.83	-0.5	-0.15	MAYS
JLL	0.92	0.94	0.94	0.78		0.97	0.98	0.95	-0.35	-0.27	JLL
NMRK	0.95	0.98	0.95	0.83	0.97		0.96	0.91	-0.37	-0.14	NMRK
CBRE	0.95	0.93	0.92	0.82	0.98	0.96		0.92	-0.36	-0.29	CBRE
CWK	0.89	0.88	0.94	0.83	0.95	0.91	0.92		-0.41	-0.32	CWK
CSGP	-0.42	-0.31	-0.33	-0.5	-0.35	-0.37	-0.36	-0.41		-0.08	CSGP
TCI	-0.22	-0.11	-0.26	-0.15	-0.27	-0.14	-0.29	-0.32	-0.08		TCI
	FRPH	MMI	MLP	MAYS	JLL	NMRK	CBRE	CWK	CSGP	TCI

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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

NMRK	+ 0.98	MMI
CBRE	+ 0.98	JLL
NMRK	+ 0.97	JLL
CBRE	+ 0.96	NMRK
NMRK	+ 0.95	FRPH
CBRE	+ 0.95	FRPH

High negative correlations

CSGP	- 0.5	MAYS
CSGP	- 0.42	FRPH
CSGP	- 0.41	CWK
CSGP	- 0.37	NMRK
CSGP	- 0.36	CBRE
CSGP	- 0.35	JLL

Risk-Adjusted Indicators

There is a big difference between Colliers Stock performing well and Colliers International 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 Colliers International'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
FRPH	1.13	(0.13)	0.00	(0.42)	0.00	0.00	2.49	(3.19)	7.96
MMI	1.71	(0.13)	0.00	(0.30)	0.00	0.00	2.94	(3.82)	12.73
MLP	1.90	(0.30)	0.00	6.27	0.00	0.00	3.41	(5.70)	14.41
MAYS	1.27	(0.08)	0.00	(3.86)	0.00	0.00	3.61	(3.62)	14.76
JLL	2.07	(0.07)	0.00	(0.19)	0.00	0.00	3.84	(4.94)	11.96
NMRK	2.11	(0.08)	0.00	(0.20)	0.00	0.00	4.34	(5.57)	15.05
CBRE	1.72	0.00	0.00	(0.14)	0.00	0.00	3.11	(4.28)	10.24
CWK	2.13	(0.72)	0.00	2.82	0.00	0.00	2.89	(6.21)	12.32
CSGP	1.66	0.12	0.14	(0.50)	2.04	(1.73)	4.31	(3.80)	11.64
TCI	1.41	0.04	0.00	(0.06)	0.00	0.00	2.66	(2.79)	15.38

Colliers International Corporate Management

Sam HarveyJones	Managing Asia	Profile
CPV FAPI	Chief Pacific	Profile
Christopher BA	Chief Global	Profile
Charlotte Williams	Head Relations	Profile
David Kotansky	Managing Portland	Profile

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