Equinix Correlations

EQIX Stock

USD 927.22 0.00 0.00%

The current 90-days correlation between Equinix and Crown Castle is 0.43 (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

Average diversification

The correlation between Equinix and DJI is 0.16 (i.e., Average 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.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equinix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy Equinix Stock please use our How to Invest in Equinix guide.

Moving together with Equinix Stock

0.74	PK	Park Hotels Resorts	Pair Corr
0.64	UE	Urban Edge Properties	Pair Corr
0.67	AAT	American Assets Trust	Pair Corr
0.93	AHR	American Healthcare REIT,	Pair Corr
0.8	AKR	Acadia Realty Trust	Pair Corr
0.65	BHR	Braemar Hotel Resorts	Pair Corr
0.66	BRT	BRT Realty Trust	Pair Corr
0.81	BRX	Brixmor Property	Pair Corr

Moving against Equinix Stock

0.85	WHLR	Wheeler Real Estate	Pair Corr
0.71	O	Realty Income	Pair Corr
0.58	FR	First Industrial Realty	Pair Corr
0.47	WY	Weyerhaeuser Fiscal Year End 23rd of January 2025	Pair Corr
0.45	ELME	Elme Communities	Pair Corr
0.41	VICI	VICI Properties	Pair Corr
0.7	ARE	Alexandria Real Estate	Pair Corr
0.68	BNL	Broadstone Net Lease	Pair Corr
0.67	CCI	Crown Castle Sell-off Trend	Pair Corr
0.58	AMT	American Tower Corp	Pair Corr
0.53	ALX	Alexanders	Pair Corr

Related Correlations Analysis

	LAMR	FPI	LAND	GLPI	CCI	EPR	AFCG
LAMR		-0.51	0.7	0.71	0.71	0.75	0.81	LAMR
FPI	-0.51		-0.82	-0.31	-0.82	-0.87	-0.71	FPI
LAND	0.7	-0.82		0.43	0.91	0.82	0.85	LAND
GLPI	0.71	-0.31	0.43		0.62	0.61	0.63	GLPI
CCI	0.71	-0.82	0.91	0.62		0.88	0.88	CCI
EPR	0.75	-0.87	0.82	0.61	0.88		0.86	EPR
AFCG	0.81	-0.71	0.85	0.63	0.88	0.86		AFCG
	LAMR	FPI	LAND	GLPI	CCI	EPR	AFCG

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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

CCI	+ 0.91	LAND
EPR	+ 0.88	CCI
AFCG	+ 0.88	CCI
AFCG	+ 0.86	EPR
AFCG	+ 0.85	LAND
EPR	+ 0.82	LAND

High negative correlations

EPR	- 0.87	FPI
CCI	- 0.82	FPI
LAND	- 0.82	FPI
AFCG	- 0.71	FPI
FPI	- 0.51	LAMR
GLPI	- 0.31	FPI

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
LAMR	0.78	(0.10)	0.00	(0.16)	0.00	0.00	1.74	(1.65)	6.91
FPI	1.16	0.24	0.17	0.77	1.03	(1.40)	3.69	(2.12)	9.87
LAND	0.98	(0.46)	0.00	(1.02)	0.00	0.00	1.18	(2.86)	6.37
GLPI	0.72	(0.10)	0.00	(0.55)	0.00	0.00	1.38	(1.61)	5.52
CCI	1.07	(0.33)	0.00	1.73	0.00	0.00	1.59	(2.46)	6.85
EPR	0.84	(0.16)	0.00	(0.32)	0.00	0.00	1.38	(1.99)	5.58
AFCG	1.12	(0.24)	0.00	(0.34)	0.00	0.00	1.96	(2.68)	8.84

Equinix Corporate Management

Mary Wellman	VP Officer	Profile
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

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