Rayonier Correlations

RYN Stock

USD 23.10 0.07 0.30%

The current 90-days correlation between Rayonier and Compania Cervecerias Unidas is 0.47 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Rayonier moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rayonier moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Rayonier Correlation With Market

Poor diversification

The correlation between Rayonier and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rayonier and DJI in the same portfolio, assuming nothing else is changed.

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

To learn how to invest in Rayonier Stock, please use our How to Invest in Rayonier guide.

Moving together with Rayonier Stock

0.79	WHLR	Wheeler Real Estate	Pair Corr
0.62	FCPT	Four Corners Property	Pair Corr
0.71	AHT	Ashford Hospitality Trust	Pair Corr
0.86	ARE	Alexandria Real Estate	Pair Corr

Moving against Rayonier Stock

0.35	EQIX	Equinix	Pair Corr
0.32	ESBA	Empire State Realty	Pair Corr
0.32	ESRT	Empire State Realty	Pair Corr
0.61	AHR	American Healthcare REIT,	Pair Corr
0.53	ALX	Alexanders	Pair Corr
0.7	DLR	Digital Realty Trust	Pair Corr
0.62	DHC	Diversified Healthcare	Pair Corr
0.33	CDP	COPT Defense Properties	Pair Corr
0.32	CIO	City Office	Pair Corr

Related Correlations Analysis

	CIO-P-A	CCU	FSP	ATHM	WEST	PM	ABEV
CIO-P-A		-0.29	0.4	-0.03	0.35	0.53	0.56	CIO-P-A
CCU	-0.29		-0.53	0.58	-0.1	-0.6	0.04	CCU
FSP	0.4	-0.53		-0.31	0.61	0.51	0.37	FSP
ATHM	-0.03	0.58	-0.31		-0.3	-0.26	-0.02	ATHM
WEST	0.35	-0.1	0.61	-0.3		0.14	0.5	WEST
PM	0.53	-0.6	0.51	-0.26	0.14		0.61	PM
ABEV	0.56	0.04	0.37	-0.02	0.5	0.61		ABEV
	CIO-P-A	CCU	FSP	ATHM	WEST	PM	ABEV

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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

WEST	+ 0.61	FSP
ABEV	+ 0.61	PM
ATHM	+ 0.58	CCU
ABEV	+ 0.56	CIO-P-A
PM	+ 0.53	CIO-P-A
PM	+ 0.51	FSP

High negative correlations

PM	- 0.6	CCU
FSP	- 0.53	CCU
ATHM	- 0.31	FSP
WEST	- 0.3	ATHM
CCU	- 0.29	CIO-P-A
PM	- 0.26	ATHM

Risk-Adjusted Indicators

There is a big difference between Rayonier Stock performing well and Rayonier 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 Rayonier'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
CIO-P-A	1.10	0.10	(0.01)	(0.44)	1.75	(1.12)	2.28	(3.11)	11.85
CCU	1.44	(0.21)	0.00	(0.24)	0.00	0.00	2.57	(2.77)	10.06
FSP	2.39	0.01	(0.01)	0.12	2.77	(2.89)	4.67	(5.06)	26.97
ATHM	1.38	(0.14)	0.00	(0.10)	0.00	0.00	2.75	(3.32)	10.42
WEST	2.60	(0.25)	0.00	(0.09)	0.00	0.00	5.23	(4.63)	23.60
PM	1.08	0.17	0.05	0.78	1.66	(1.09)	2.43	(2.53)	10.85
ABEV	1.20	0.06	0.00	0.22	1.53	(1.36)	2.56	(3.18)	10.38

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