DigitalBridge Correlations

DBRG-PJ Preferred Stock

USD 22.26 1.09 5.15%

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

DigitalBridge Correlation With Market

Very weak diversification

The correlation between DigitalBridge Group and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DigitalBridge Group and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to DigitalBridge could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DigitalBridge when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back DigitalBridge - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling DigitalBridge Group to buy it.

Moving together with DigitalBridge Preferred Stock

0.72	WETH	Wetouch Technology Common	Pair Corr
0.79	GBR	New Concept Energy Earnings Call This Week	Pair Corr
0.99	DBRG-PH	DigitalBridge Group	Pair Corr
0.99	DBRG-PI	DigitalBridge Group	Pair Corr
0.75	CURB	Curbline Properties Corp	Pair Corr
0.83	BPYPP	Brookfield Property	Pair Corr
0.71	BPYPO	Brookfield Property	Pair Corr
0.92	BPYPN	Brookfield Property	Pair Corr
0.88	BPYPM	Brookfield Property	Pair Corr
0.9	DX	Dynex Capital	Pair Corr
0.96	FR	First Industrial Realty	Pair Corr
0.78	HR	Healthcare Realty Trust Earnings Call Today	Pair Corr
0.94	KW	Kennedy Wilson Holdings Earnings Call Tomorrow	Pair Corr
0.84	PK	Park Hotels Resorts	Pair Corr
0.65	RC	Ready Capital Corp Earnings Call Tomorrow	Pair Corr
0.8	UE	Urban Edge Properties Earnings Call Today	Pair Corr
0.94	WY	Weyerhaeuser	Pair Corr
0.93	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.94	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.74	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.93	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.91	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.7	ADC-PA	Agree Realty	Pair Corr
0.68	DOUG	Douglas Elliman	Pair Corr
0.77	VNO-PL	Vornado Realty Trust Earnings Call Today	Pair Corr
0.82	VNO-PM	Vornado Realty Trust Earnings Call Today	Pair Corr
0.83	VNO-PN	Vornado Realty Trust Earnings Call Today	Pair Corr
0.81	VNO-PO	Vornado Realty Trust Earnings Call Today	Pair Corr
0.88	MITT-PA	AG Mortgage Investment	Pair Corr
0.94	MITT-PB	AG Mortgage Investment	Pair Corr
0.69	MITT-PC	AG Mortgage Investment	Pair Corr

Related Correlations Analysis

	DBRG-PI	DBRG-PH	ACR-PC	CIM-PD	GNL-PA
DBRG-PI		0.98	0.54	0.75	0.46	DBRG-PI
DBRG-PH	0.98		0.57	0.73	0.47	DBRG-PH
ACR-PC	0.54	0.57		0.74	0.91	ACR-PC
CIM-PD	0.75	0.73	0.74		0.72	CIM-PD
GNL-PA	0.46	0.47	0.91	0.72		GNL-PA
	DBRG-PI	DBRG-PH	ACR-PC	CIM-PD	GNL-PA

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Risk-Adjusted Indicators

There is a big difference between DigitalBridge Preferred Stock performing well and DigitalBridge 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 DigitalBridge'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
DBRG-PI	0.78	(0.06)	0.00	(0.36)	0.00	0.00	1.81	(2.15)	5.84
DBRG-PH	0.88	(0.05)	0.00	(0.27)	0.00	0.00	2.20	(2.02)	5.80
ACR-PC	0.49	0.07	0.11	0.11	1.01	(0.44)	1.67	(1.75)	5.02
CIM-PD	0.59	0.06	0.12	0.10	1.05	(0.65)	1.74	(1.25)	7.21
GNL-PA	1.01	0.07	0.09	0.09	1.48	(1.02)	2.06	(2.71)	7.56

Be your own money manager

Our tools can tell you how much better you can do entering a position in DigitalBridge without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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DigitalBridge Corporate Management

Mark Serwinowski	MD Officer	Profile
Severin White	MD Relations	Profile
Daniel Mori	Managing Fin	Profile
Jeffrey Ginsberg	Chief Officer	Profile
Ronald Sanders	Chief VP	Profile
Jacky Wu	CFO EVP	Profile
Sonia Kim	MD Officer	Profile

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