Equinix Correlations
EQIX Stock | USD 871.56 1.02 0.12% |
The current 90-days correlation between Equinix and Crown Castle is 0.41 (i.e., Very weak diversification). The correlation of Equinix 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.
Equinix Correlation With Market
Very weak diversification
The correlation between Equinix and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equinix and DJI in the same portfolio, assuming nothing else is changed.
Equinix |
Moving together with Equinix Stock
0.78 | O | Realty Income | PairCorr |
0.61 | FR | First Industrial Realty Earnings Call This Week | PairCorr |
0.85 | UE | Urban Edge Properties | PairCorr |
0.74 | WY | Weyerhaeuser Fiscal Year End 23rd of January 2025 | PairCorr |
0.77 | VICI | VICI Properties | PairCorr |
0.75 | ELME | Elme Communities Potential Growth | PairCorr |
0.88 | EPRT | Essential Properties | PairCorr |
0.88 | WELL | Welltower | PairCorr |
0.83 | FCPT | Four Corners Property | PairCorr |
0.73 | AAT | American Assets Trust | PairCorr |
0.77 | ADC | Agree Realty | PairCorr |
0.94 | AHR | American Healthcare REIT, | PairCorr |
0.83 | AKR | Acadia Realty Trust | PairCorr |
0.69 | AMH | American Homes 4 | PairCorr |
0.67 | AMT | American Tower Corp | PairCorr |
0.83 | AVB | AvalonBay Communities | PairCorr |
0.79 | BDN | Brandywine Realty Trust | PairCorr |
0.77 | BFS | Saul Centers | PairCorr |
0.79 | BNL | Broadstone Net Lease | PairCorr |
0.83 | BRX | Brixmor Property | PairCorr |
0.89 | BXP | Boston Properties | PairCorr |
0.77 | CCI | Crown Castle Earnings Call This Week | PairCorr |
0.82 | CDP | COPT Defense Properties | PairCorr |
Moving against Equinix Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Equinix Stock performing well and Equinix 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 Equinix'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
CCI | 1.04 | 0.19 | 0.07 | 1.82 | 1.17 | 2.03 | 8.50 | |||
AMT | 1.10 | 0.17 | 0.06 | (2.97) | 1.11 | 3.13 | 8.90 | |||
IRM | 1.23 | 0.29 | 0.16 | 0.56 | 1.32 | 2.36 | 10.17 | |||
HASI | 1.78 | 0.11 | 0.06 | 0.17 | 1.94 | 4.01 | 15.76 | |||
DLR | 1.06 | (0.01) | (0.04) | 0.07 | 1.40 | 1.87 | 7.29 | |||
SBAC | 1.14 | 0.25 | 0.14 | 1.05 | 1.06 | 2.74 | 11.27 | |||
EPR | 0.90 | 0.16 | 0.12 | 0.31 | 0.81 | 2.19 | 5.02 | |||
GLPI | 0.77 | 0.13 | 0.10 | 0.31 | 0.61 | 2.23 | 6.39 |
Equinix Corporate Management
Justin Dustzadeh | Chief Officer | Profile | |
Brandi Morandi | Chief legal officer, general counsel and secretary | Profile | |
Scott Crenshaw | Executive Services | Profile | |
Michael Campbell | Chief Officer | Profile |