Cousins Properties Correlations

CUZ Stock

USD 31.94 0.18 0.57%

The current 90-days correlation between Cousins Properties and Highwoods Properties is 0.8 (i.e., Very poor diversification). The correlation of Cousins Properties 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.

Cousins Properties Correlation With Market

Weak diversification

The correlation between Cousins Properties Incorporate and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cousins Properties Incorporate and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Cousins Stock

0.72	DRH	Diamondrock Hospitality Sell-off Trend	Pair Corr
0.73	OHI	Omega Healthcare Inv Sell-off Trend	Pair Corr
0.94	SLG	SL Green Realty Fiscal Year End 22nd of January 2025	Pair Corr
0.61	VTR	Ventas Inc	Pair Corr
0.74	SBRA	Sabra Healthcare REIT	Pair Corr
0.89	UE	Urban Edge Properties	Pair Corr

Moving against Cousins Stock

0.7	STAG	STAG Industrial	Pair Corr
0.68	NHI	National Health Investors	Pair Corr
0.68	RC	Ready Capital Corp	Pair Corr
0.67	FR	First Industrial Realty	Pair Corr
0.64	WPC	W P Carey	Pair Corr
0.63	UHT	Universal Health Realty	Pair Corr
0.55	NNN	National Retail Prop	Pair Corr
0.45	O	Realty Income	Pair Corr
0.44	MPW	Medical Properties Trust Aggressive Push	Pair Corr
0.43	INN	Summit Hotel Properties	Pair Corr
0.33	GMRE	Global Medical REIT	Pair Corr
0.82	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.81	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.77	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.76	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.69	UK	Ucommune International	Pair Corr
0.66	VTMX	Corporacin Inmobiliaria	Pair Corr
0.56	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.54	VICI	VICI Properties	Pair Corr
0.48	ELME	Elme Communities	Pair Corr
0.45	ECRO	Ecc Cap Corp	Pair Corr

Related Correlations Analysis

	HIW	DEI	EQC	KRC	OFC	PDM	HPP	BDN
HIW		0.53	-0.52	0.74	0.03	0.94	0.12	0.7	HIW
DEI	0.53		-0.38	0.91	0.66	0.44	-0.64	0.64	DEI
EQC	-0.52	-0.38		-0.43	0.2	-0.45	0.1	-0.42	EQC
KRC	0.74	0.91	-0.43		0.5	0.67	-0.36	0.65	KRC
OFC	0.03	0.66	0.2	0.5		-0.05	-0.73	0.22	OFC
PDM	0.94	0.44	-0.45	0.67	-0.05		0.28	0.66	PDM
HPP	0.12	-0.64	0.1	-0.36	-0.73	0.28		-0.16	HPP
BDN	0.7	0.64	-0.42	0.65	0.22	0.66	-0.16		BDN
	HIW	DEI	EQC	KRC	OFC	PDM	HPP	BDN

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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

PDM	+ 0.94	HIW
KRC	+ 0.91	DEI
KRC	+ 0.74	HIW
BDN	+ 0.7	HIW
PDM	+ 0.67	KRC
OFC	+ 0.66	DEI

High negative correlations

HPP	- 0.73	OFC
HPP	- 0.64	DEI
EQC	- 0.52	HIW
PDM	- 0.45	EQC
KRC	- 0.43	EQC
BDN	- 0.42	EQC

Risk-Adjusted Indicators

There is a big difference between Cousins Stock performing well and Cousins Properties 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 Cousins Properties' 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
HIW	0.93	(0.03)	(0.06)	0.07	1.16	(0.96)	1.73	(2.16)	5.78
DEI	1.32	0.22	0.13	0.36	1.37	(1.51)	2.78	(2.06)	7.68
EQC	0.27	(0.02)	(0.16)	(0.04)	0.60	(0.28)	0.50	(0.56)	3.49
KRC	1.39	0.10	0.08	0.20	1.37	(1.63)	3.38	(2.85)	7.68
OFC	1.39	0.23	0.05	(0.50)	1.30	(1.67)	3.10	(2.44)	6.24
PDM	1.25	(0.08)	(0.06)	0.02	1.56	(1.46)	3.08	(2.47)	8.49
HPP	2.93	(0.65)	0.00	(0.31)	0.00	0.00	6.35	(5.70)	16.57
BDN	1.67	0.02	0.02	0.13	2.80	(1.78)	3.78	(3.80)	18.66

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