Starwood Property Correlations

Stocks . USA . 
Stock . Starwood Property Trust
STWD Stock  USD 19.85  0.08  0.40%   
The current 90-days correlation between Starwood Property Trust and Blackstone Mortgage Trust is 0.79 (i.e., Poor diversification). The correlation of Starwood Property 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.

Starwood Property Correlation With Market

Poor diversification

The correlation between Starwood Property Trust and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Starwood Property Trust and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Starwood Property Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Starwood Stock

  0.71WU Western UnionPairCorr
  0.62XP Xp IncPairCorr
  0.66DOMH Dominari HoldingsPairCorr

Moving against Starwood Stock

  0.56CG Carlyle GroupPairCorr
  0.55PX P10 IncPairCorr
  0.54BX Blackstone GroupPairCorr
  0.53SF Stifel FinancialPairCorr
  0.52LC LendingClub CorpPairCorr
  0.49MC MoelisPairCorr
  0.36RM Regional Management CorpPairCorr
  0.34BN Brookfield CorpPairCorr
  0.33MS Morgan StanleyPairCorr
  0.71LGHLW Lion Financial GroupPairCorr
  0.57WULF Terawulf Buyout TrendPairCorr
  0.48VRTS Virtus InvestmentPairCorr
  0.48ECPG Encore Capital GroupPairCorr
  0.48AXP American ExpressPairCorr
  0.48BLK BlackRockPairCorr
  0.41AMP Ameriprise FinancialPairCorr
  0.38WD Walker DunlopPairCorr
  0.38ABR Arbor Realty TrustPairCorr

Related Correlations Analysis

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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   
MPW
+ 0.79
ARI
ARI
+ 0.76
BXMT
MPW
+ 0.64
BXMT
MPW
+ 0.4
OHI
OHI
+ 0.25
BXMT
OHI
+ 0.06
ARI
  
High negative correlations   
MPW
- 0.7
ABR
ARI
- 0.62
ABR
ABR
- 0.5
BXMT
OHI
- 0.18
ABR

Risk-Adjusted Indicators

There is a big difference between Starwood Stock performing well and Starwood Property 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 Starwood Property'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.

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