Cousins Properties Correlations

CUZ Stock

USD 30.67 0.08 0.26%

The current 90-days correlation between Cousins Properties and Equity Commonwealth is -0.21 (i.e., Very good 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 0.31 (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

0.71	EQIX	Equinix	Pair Corr
0.62	BXP	Boston Properties	Pair Corr
0.74	FSP	Franklin Street Prop	Pair Corr
0.65	KRG	Kite Realty Group	Pair Corr
0.68	RHP	Ryman Hospitality	Pair Corr
0.94	SLG	SL Green Realty Fiscal Year End 22nd of January 2025	Pair Corr
0.64	SBRA	Sabra Healthcare REIT	Pair Corr
0.88	UE	Urban Edge Properties	Pair Corr

Moving against Cousins Stock

0.84	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.8	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.78	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.74	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.67	UK	Ucommune International	Pair Corr
0.67	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.64	EGP	EastGroup Properties	Pair Corr
0.64	LXP	LXP Industrial Trust	Pair Corr
0.62	JOE	St Joe Company	Pair Corr
0.59	FR	First Industrial Realty	Pair Corr
0.56	HPP	Hudson Pacific Properties	Pair Corr
0.53	RC	Ready Capital Corp	Pair Corr
0.48	O	Realty Income	Pair Corr
0.35	HASI	Hannon Armstrong Sus	Pair Corr
0.31	INN	Summit Hotel Properties	Pair Corr
0.7	WHLR	Wheeler Real Estate	Pair Corr
0.67	VTMX	Corporacin Inmobiliaria	Pair Corr
0.54	VICI	VICI Properties	Pair Corr
0.49	ELME	Elme Communities	Pair Corr

Related Correlations Analysis

	EQC-PD	CMCT	HIW	DEI	EQC	PDM	BDN	HPP
EQC-PD		-0.82	0.06	0.85	-0.11	0.0	0.28	-0.71	EQC-PD
CMCT	-0.82		-0.16	-0.83	0.3	-0.08	-0.46	0.69	CMCT
HIW	0.06	-0.16		0.29	-0.49	0.94	0.61	0.37	HIW
DEI	0.85	-0.83	0.29		-0.06	0.18	0.6	-0.62	DEI
EQC	-0.11	0.3	-0.49	-0.06		-0.49	-0.26	-0.21	EQC
PDM	0.0	-0.08	0.94	0.18	-0.49		0.53	0.51	PDM
BDN	0.28	-0.46	0.61	0.6	-0.26	0.53		-0.11	BDN
HPP	-0.71	0.69	0.37	-0.62	-0.21	0.51	-0.11		HPP
	EQC-PD	CMCT	HIW	DEI	EQC	PDM	BDN	HPP

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
DEI	+ 0.85	EQC-PD
HPP	+ 0.69	CMCT
BDN	+ 0.61	HIW
BDN	+ 0.6	DEI
BDN	+ 0.53	PDM

High negative correlations

DEI	- 0.83	CMCT
CMCT	- 0.82	EQC-PD
HPP	- 0.71	EQC-PD
HPP	- 0.62	DEI
PDM	- 0.49	EQC
EQC	- 0.49	HIW

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
EQC-PD	0.13	0.02	(0.55)	(0.60)	0.07	(0.15)	0.28	(0.28)	0.92
CMCT	6.33	(2.43)	0.00	(0.93)	0.00	0.00	8.70	(20.00)	62.92
HIW	0.95	(0.07)	(0.09)	0.02	1.30	(0.92)	1.60	(2.18)	5.78
DEI	1.32	0.23	0.14	0.39	1.35	(1.52)	2.78	(2.06)	7.68
EQC	0.29	(0.01)	(0.17)	0.06	0.62	(0.30)	0.56	(0.60)	3.49
PDM	1.27	(0.14)	0.00	(0.02)	0.00	0.00	3.08	(2.47)	8.49
BDN	1.69	0.02	0.02	0.14	2.91	(1.73)	3.78	(3.80)	18.66
HPP	2.99	(0.67)	0.00	(0.26)	0.00	0.00	6.35	(6.56)	16.57

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC