Cushman Wakefield Correlations

CWK Stock

USD 11.18 0.10 0.89%

The current 90-days correlation between Cushman Wakefield plc and Newmark Group is 0.85 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cushman Wakefield moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cushman Wakefield plc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cushman Wakefield Correlation With Market

Poor diversification

The correlation between Cushman Wakefield plc 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 Cushman Wakefield plc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cushman Stock

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

Moving together with Cushman Stock

0.64	KW	Kennedy Wilson Holdings	Pair Corr
0.78	OZ	Belpointe PREP LLC	Pair Corr
0.61	DOUG	Douglas Elliman	Pair Corr
0.73	ARL	American Realty Investors	Pair Corr
0.75	BHM	Bluerock Homes Trust	Pair Corr
0.91	CBL	CBL Associates Properties	Pair Corr
0.77	FOR	Forestar Group	Pair Corr
0.75	FSV	FirstService Corp Earnings Call This Week	Pair Corr
0.76	FTHM	Fathom Holdings	Pair Corr
0.92	JLL	Jones Lang LaSalle	Pair Corr
0.89	ONL	Orion Office Reit	Pair Corr
0.87	TCI	Transcontinental Realty	Pair Corr
0.91	NMRK	Newmark Group Potential Growth	Pair Corr
0.75	NXDT	NexPoint Strategic	Pair Corr
0.91	DX	Dynex Capital Earnings Call This Week	Pair Corr
0.77	FR	First Industrial Realty	Pair Corr
0.85	PK	Park Hotels Resorts	Pair Corr
0.79	UE	Urban Edge Properties	Pair Corr
0.86	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.85	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.81	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.87	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.89	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.83	VNO-PL	Vornado Realty Trust	Pair Corr

Moving against Cushman Stock

0.52	OMH	Ohmyhome Limited Ordinary	Pair Corr
0.42	UK	Ucommune International	Pair Corr
0.38	GIPRW	Generation Income	Pair Corr
0.62	WETH	Wetouch Technology Common	Pair Corr

Related Correlations Analysis

	CBRE	NMRK	CIGI	MMI	JLL	CSGP	FSV	FRPH	TCI	MAYS
CBRE		0.95	0.95	0.52	0.97	0.57	0.68	0.13	0.9	-0.3	CBRE
NMRK	0.95		0.92	0.55	0.97	0.6	0.65	0.13	0.79	-0.3	NMRK
CIGI	0.95	0.92		0.39	0.91	0.5	0.74	0.15	0.86	-0.38	CIGI
MMI	0.52	0.55	0.39		0.58	0.79	0.23	0.02	0.28	0.3	MMI
JLL	0.97	0.97	0.91	0.58		0.6	0.61	0.13	0.82	-0.3	JLL
CSGP	0.57	0.6	0.5	0.79	0.6		0.28	-0.11	0.4	0.2	CSGP
FSV	0.68	0.65	0.74	0.23	0.61	0.28		0.33	0.63	-0.47	FSV
FRPH	0.13	0.13	0.15	0.02	0.13	-0.11	0.33		0.13	-0.29	FRPH
TCI	0.9	0.79	0.86	0.28	0.82	0.4	0.63	0.13		-0.32	TCI
MAYS	-0.3	-0.3	-0.38	0.3	-0.3	0.2	-0.47	-0.29	-0.32		MAYS
	CBRE	NMRK	CIGI	MMI	JLL	CSGP	FSV	FRPH	TCI	MAYS

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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

JLL	+ 0.97	CBRE
JLL	+ 0.97	NMRK
NMRK	+ 0.95	CBRE
CIGI	+ 0.95	CBRE
CIGI	+ 0.92	NMRK
JLL	+ 0.91	CIGI

High negative correlations

MAYS	- 0.47	FSV
MAYS	- 0.38	CIGI
MAYS	- 0.32	TCI
MAYS	- 0.3	JLL
MAYS	- 0.3	NMRK
MAYS	- 0.3	CBRE

Risk-Adjusted Indicators

There is a big difference between Cushman Stock performing well and Cushman Wakefield 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 Cushman Wakefield'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
CBRE	1.12	0.08	0.06	0.19	1.72	(1.11)	3.11	(1.88)	10.62
NMRK	1.73	(0.02)	0.04	0.12	2.23	(1.91)	4.35	(3.20)	16.00
CIGI	1.19	0.14	0.09	0.25	1.43	(1.26)	2.39	(2.51)	9.39
MMI	1.41	(0.18)	0.00	(0.02)	0.00	0.00	2.72	(3.16)	7.96
JLL	1.34	0.06	0.06	0.17	1.55	(1.37)	3.71	(2.66)	10.57
CSGP	1.27	(0.02)	(0.01)	0.11	2.31	(1.25)	2.72	(2.50)	14.25
FSV	0.76	0.01	(0.04)	0.15	1.05	(0.72)	1.77	(1.87)	5.62
FRPH	1.11	(0.09)	(0.08)	0.02	1.46	(1.17)	2.45	(2.75)	10.22
TCI	2.45	0.38	0.12	0.44	2.72	(2.69)	5.69	(4.97)	17.22
MAYS	1.73	(0.05)	0.00	0.20	0.00	0.00	3.83	(5.61)	16.12

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