Outfront Media Correlations

OUT Stock

USD 24.13 0.07 0.29%

The current 90-days correlation between Outfront Media and PotlatchDeltic Corp is 0.27 (i.e., Modest diversification). The correlation of Outfront Media 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.

Outfront Media Correlation With Market

Modest diversification

The correlation between Outfront Media and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Outfront Media and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Outfront Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Outfront Media. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

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

Moving together with Outfront Stock

0.93	LAMR	Lamar Advertising	Pair Corr
0.75	UNIT	Uniti Group	Pair Corr
0.96	TUXS	Tuxis	Pair Corr
0.7	PTAIY	Astra International Tbk	Pair Corr
0.72	PUTKY	United Tractors Tbk	Pair Corr
0.63	KYOCF	Kyocera	Pair Corr
0.79	DNGFF	Dongfang ElectricLimited	Pair Corr
0.86	KODK	Eastman Kodak	Pair Corr
0.71	TGS	Transportadora de Gas	Pair Corr
0.85	FTI	TechnipFMC PLC Sell-off Trend	Pair Corr
0.63	EOLS	Evolus Inc	Pair Corr
0.65	FEMY	Femasys	Pair Corr
0.79	DDS	Dillards,	Pair Corr
0.72	NGENF	NervGen Pharma Corp	Pair Corr

Moving against Outfront Stock

0.95	IRM	Iron Mountain	Pair Corr
0.82	VICI	VICI Properties	Pair Corr
0.74	SAFE	Safehold	Pair Corr
0.67	MRP	Millrose Properties,	Pair Corr
0.65	FCPT	Four Corners Property	Pair Corr
0.62	OPINL	Office Properties Income	Pair Corr
0.57	LPA	Logistic Properties	Pair Corr
0.53	PTAIF	PT Astra International	Pair Corr
0.51	EPR	EPR Properties	Pair Corr
0.51	FPI	Farmland Partners	Pair Corr
0.4	GLPI	Gaming Leisure Properties Sell-off Trend	Pair Corr
0.67	PIFMY	Indofood Sukses Makmur	Pair Corr
0.49	VHAI	VHAI	Pair Corr
0.49	BASE	Couchbase	Pair Corr

Related Correlations Analysis

	PCH	HIW	LXP	VNO	RYN	BXMT	PSA
PCH		0.46	-0.06	0.62	0.67	-0.26	0.73	PCH
HIW	0.46		-0.77	0.88	0.84	-0.77	0.68	HIW
LXP	-0.06	-0.77		-0.53	-0.53	0.78	-0.44	LXP
VNO	0.62	0.88	-0.53		0.86	-0.55	0.78	VNO
RYN	0.67	0.84	-0.53	0.86		-0.46	0.61	RYN
BXMT	-0.26	-0.77	0.78	-0.55	-0.46		-0.62	BXMT
PSA	0.73	0.68	-0.44	0.78	0.61	-0.62		PSA
	PCH	HIW	LXP	VNO	RYN	BXMT	PSA

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

VNO	+ 0.88	HIW
RYN	+ 0.86	VNO
RYN	+ 0.84	HIW
BXMT	+ 0.78	LXP
PSA	+ 0.78	VNO
PSA	+ 0.73	PCH

High negative correlations

BXMT	- 0.77	HIW
LXP	- 0.77	HIW
PSA	- 0.62	BXMT
BXMT	- 0.55	VNO
RYN	- 0.53	LXP
VNO	- 0.53	LXP

Risk-Adjusted Indicators

There is a big difference between Outfront Stock performing well and Outfront Media 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 Outfront Media'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
PCH	1.38	(0.02)	(0.03)	0.03	1.69	(1.33)	2.51	(2.35)	7.23
HIW	0.90	(0.34)	0.00	(0.53)	0.00	0.00	1.70	(2.10)	5.65
LXP	0.99	0.12	0.05	0.37	1.29	(1.07)	2.10	(1.96)	10.05
VNO	1.47	(0.37)	0.00	(0.24)	0.00	0.00	2.50	(3.88)	8.49
RYN	1.28	(0.18)	0.00	(0.30)	0.00	0.00	2.04	(3.00)	8.58
BXMT	0.92	0.06	0.03	0.17	1.05	(1.01)	1.85	(1.58)	5.70
PSA	1.01	(0.14)	0.00	(0.15)	0.00	0.00	1.86	(1.97)	5.13

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