Outfront Media Correlations

OUT Stock

USD 17.67 0.22 1.23%

The current 90-days correlation between Outfront Media and Brixmor Property is 0.66 (i.e., Poor 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

Poor diversification

The correlation between Outfront Media and DJI is 0.64 (i.e., Poor 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 employment.

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

Moving together with Outfront Stock

0.92	Z	Zillow Group Class	Pair Corr
0.68	FR	First Industrial Realty	Pair Corr
0.85	PK	Park Hotels Resorts Earnings Call This Week	Pair Corr
0.75	UE	Urban Edge Properties Earnings Call This Week	Pair Corr
0.85	ELME	Elme Communities	Pair Corr
0.76	WELL	Welltower Earnings Call This Week	Pair Corr
0.82	AAT	American Assets Trust Earnings Call This Week	Pair Corr
0.75	AHH	Armada Hflr Pr	Pair Corr
0.9	AHR	American Healthcare REIT,	Pair Corr
0.61	AHT	Ashford Hospitality Trust	Pair Corr
0.83	AIV	Apartment Investment and	Pair Corr
0.93	ALX	Alexanders	Pair Corr
0.75	BDN	Brandywine Realty Trust	Pair Corr
0.63	BFS	Saul Centers	Pair Corr
0.8	BHR	Braemar Hotel Resorts	Pair Corr
0.7	BXP	Boston Properties Earnings Call This Week	Pair Corr
0.76	CDP	COPT Defense Properties Earnings Call This Week	Pair Corr

Moving against Outfront Stock

0.75	FCPT	Four Corners Property Earnings Call This Week	Pair Corr
0.61	WHLR	Wheeler Real Estate	Pair Corr
0.5	LB	LandBridge Company	Pair Corr
0.85	ADC	Agree Realty	Pair Corr
0.45	AKR	Acadia Realty Trust Earnings Call This Week	Pair Corr
0.38	AMH	American Homes 4 Sell-off Trend	Pair Corr
0.64	ELS	Equity Lifestyle Pro	Pair Corr

Related Correlations Analysis

	AFCG	BRX	EPR	GLPI	LAMR	RHP	RLJ	RYN
AFCG		-0.15	-0.57	-0.27	-0.46	-0.37	-0.29	0.39	AFCG
BRX	-0.15		0.49	0.37	0.52	0.52	0.61	-0.06	BRX
EPR	-0.57	0.49		0.07	0.95	0.89	0.78	-0.57	EPR
GLPI	-0.27	0.37	0.07		0.01	-0.13	0.06	0.49	GLPI
LAMR	-0.46	0.52	0.95	0.01		0.92	0.84	-0.57	LAMR
RHP	-0.37	0.52	0.89	-0.13	0.92		0.89	-0.62	RHP
RLJ	-0.29	0.61	0.78	0.06	0.84	0.89		-0.32	RLJ
RYN	0.39	-0.06	-0.57	0.49	-0.57	-0.62	-0.32		RYN
	AFCG	BRX	EPR	GLPI	LAMR	RHP	RLJ	RYN

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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

LAMR	+ 0.95	EPR
RHP	+ 0.92	LAMR
RHP	+ 0.89	EPR
RLJ	+ 0.89	RHP
RLJ	+ 0.84	LAMR
RLJ	+ 0.78	EPR

High negative correlations

RYN	- 0.62	RHP
RYN	- 0.57	LAMR
RYN	- 0.57	EPR
EPR	- 0.57	AFCG
LAMR	- 0.46	AFCG
RHP	- 0.37	AFCG

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
AFCG	2.43	(0.34)	0.00	(0.04)	0.00	0.00	4.66	(4.89)	27.64
BRX	1.03	(0.06)	(0.06)	0.06	1.41	(1.06)	2.07	(2.58)	7.99
EPR	0.86	0.24	0.13	0.67	0.89	(0.96)	2.41	(1.63)	5.44
GLPI	0.80	(0.09)	0.00	(0.15)	0.00	0.00	1.62	(1.93)	4.00
LAMR	0.95	0.08	0.05	0.22	1.15	(1.04)	2.57	(2.13)	6.36
RHP	1.25	0.10	0.09	0.23	1.08	(1.54)	2.90	(2.08)	9.52
RLJ	1.33	0.05	0.03	0.18	1.35	(1.57)	2.88	(2.11)	8.56
RYN	1.02	(0.17)	0.00	(0.10)	0.00	0.00	1.86	(2.47)	5.52

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