Crown Castle Correlations

CCI Stock

USD 84.87 0.22 0.26%

The current 90-days correlation between Crown Castle and Iron Mountain Incorporated is 0.35 (i.e., Weak diversification). The correlation of Crown Castle 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.

Crown Castle Correlation With Market

Weak diversification

The correlation between Crown Castle and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crown Castle and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Crown Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Crown Castle. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For more detail on how to invest in Crown Stock please use our How to Invest in Crown Castle guide.

Moving together with Crown Stock

0.95	AMT	American Tower Corp	Pair Corr
0.87	OPINL	Office Properties Income	Pair Corr
0.8	NSFDF	NXT Energy Solutions	Pair Corr

Moving against Crown Stock

0.78	M	Macys Inc	Pair Corr
0.76	GM	General Motors	Pair Corr
0.75	OSBK	Oconee Financial	Pair Corr
0.75	IRWD	Ironwood Pharmaceuticals	Pair Corr
0.74	TUXS	Tuxis	Pair Corr
0.66	KEY-PL	KeyCorp	Pair Corr
0.63	GOSS	Gossamer Bio	Pair Corr
0.56	RILYK	B Riley Financial	Pair Corr
0.55	SFFLY	Schaeffler AG	Pair Corr
0.48	GSVRF	Guanajuato Silver	Pair Corr
0.43	WMT	Walmart Common Stock	Pair Corr
0.4	HE	Hawaiian Electric	Pair Corr
0.4	BHP	BHP Group Limited	Pair Corr
0.38	DRTS	Alpha Tau Medical	Pair Corr
0.38	CRDOF	Cerrado Gold	Pair Corr
0.79	TDC	Teradata Corp	Pair Corr
0.77	AXTI	AXT Inc Trending	Pair Corr
0.76	CTRA	Coterra Energy	Pair Corr
0.73	URGN	UroGen Pharma	Pair Corr
0.72	RIVN	Rivian Automotive	Pair Corr
0.72	TPRP	Tower Properties	Pair Corr
0.71	AAM	AA Mission Acquisition	Pair Corr
0.71	WNEB	Western New England	Pair Corr
0.66	MCDIF	Mcdermott International	Pair Corr
0.64	HLF	Herbalife Nutrition	Pair Corr

Related Correlations Analysis

	KIM-PN	IRM	PSA	CBRE	VICI	SBAC	SPG	EXR
KIM-PN		0.64	0.45	-0.41	0.54	0.17	-0.59	0.3	KIM-PN
IRM	0.64		0.83	-0.47	0.88	0.19	-0.73	0.73	IRM
PSA	0.45	0.83		-0.15	0.79	0.1	-0.7	0.94	PSA
CBRE	-0.41	-0.47	-0.15		-0.47	-0.13	0.6	0.07	CBRE
VICI	0.54	0.88	0.79	-0.47		0.2	-0.61	0.72	VICI
SBAC	0.17	0.19	0.1	-0.13	0.2		0.03	0.07	SBAC
SPG	-0.59	-0.73	-0.7	0.6	-0.61	0.03		-0.54	SPG
EXR	0.3	0.73	0.94	0.07	0.72	0.07	-0.54		EXR
	KIM-PN	IRM	PSA	CBRE	VICI	SBAC	SPG	EXR

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

EXR	+ 0.94	PSA
VICI	+ 0.88	IRM
PSA	+ 0.83	IRM
VICI	+ 0.79	PSA
EXR	+ 0.73	IRM
EXR	+ 0.72	VICI

High negative correlations

SPG	- 0.73	IRM
SPG	- 0.7	PSA
SPG	- 0.61	VICI
SPG	- 0.59	KIM-PN
EXR	- 0.54	SPG
VICI	- 0.47	CBRE

Risk-Adjusted Indicators

There is a big difference between Crown Stock performing well and Crown Castle 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 Crown Castle'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
KIM-PN	0.38	(0.05)	0.00	(0.84)	0.00	0.00	1.03	(1.29)	4.51
IRM	1.43	(0.33)	0.00	(0.22)	0.00	0.00	2.43	(4.07)	10.09
PSA	1.04	(0.18)	0.00	(0.20)	0.00	0.00	1.86	(1.97)	4.88
CBRE	1.03	0.03	0.02	0.09	1.26	(1.21)	2.43	(1.68)	6.84
VICI	0.74	(0.24)	0.00	(1.50)	0.00	0.00	1.58	(1.79)	3.73
SBAC	0.87	(0.10)	0.00	(0.25)	0.00	0.00	1.68	(1.97)	5.04
SPG	0.79	(0.02)	(0.06)	0.01	1.00	(0.85)	1.59	(1.68)	4.95
EXR	1.09	(0.13)	0.00	(0.11)	0.00	0.00	2.44	(1.95)	7.04

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