Centerspace Correlations

CSR Stock

USD 63.95 0.74 1.14%

The current 90-days correlation between Centerspace and Apartment Investment and is 0.1 (i.e., Average diversification). The correlation of Centerspace 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.

Centerspace Correlation With Market

Modest diversification

The correlation between Centerspace and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Centerspace and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Centerspace Stock

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

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

Moving together with Centerspace Stock

0.71	CPT	Camden Property Trust	Pair Corr
0.77	CTO	CTO Realty Growth	Pair Corr
0.83	IRT	Independence Realty Trust	Pair Corr
0.66	JOE	St Joe Company	Pair Corr
0.64	MAA	Mid America Apartment	Pair Corr
0.63	CRESY	Cresud SACIF y	Pair Corr
0.85	TUXS	Tuxis	Pair Corr
0.69	LION	Lionsgate Studios Holding	Pair Corr
0.65	CUB	Lionheart Holdings	Pair Corr
0.73	DAC	Danaos	Pair Corr
0.71	ROL	Rollins	Pair Corr
0.66	WEGZY	WEG SA ADR	Pair Corr
0.86	DVNHF	Frontier Services	Pair Corr

Moving against Centerspace Stock

0.51	CLPR	Clipper Realty	Pair Corr
0.82	KG	Kestrel Group Symbol Change	Pair Corr
0.48	DOX	Amdocs	Pair Corr
0.35	CNNA	Cann American Corp	Pair Corr
0.68	CNTRF	Centr Brands Corp	Pair Corr

Related Correlations Analysis

	AIV	PMT	PDM	CLDT	HPP	CIO	DHC	NXRT	TWO
AIV		0.2	0.16	0.22	-0.22	-0.07	0.22	-0.02	0.27	AIV
PMT	0.2		0.56	0.79	-0.8	-0.37	0.88	0.04	0.88	PMT
PDM	0.16	0.56		0.62	-0.31	-0.12	0.47	0.12	0.43	PDM
CLDT	0.22	0.79	0.62		-0.8	-0.13	0.82	-0.17	0.68	CLDT
HPP	-0.22	-0.8	-0.31	-0.8		0.15	-0.88	0.28	-0.68	HPP
CIO	-0.07	-0.37	-0.12	-0.13	0.15		-0.36	-0.21	-0.46	CIO
DHC	0.22	0.88	0.47	0.82	-0.88	-0.36		-0.05	0.84	DHC
NXRT	-0.02	0.04	0.12	-0.17	0.28	-0.21	-0.05		0.08	NXRT
TWO	0.27	0.88	0.43	0.68	-0.68	-0.46	0.84	0.08		TWO
	AIV	PMT	PDM	CLDT	HPP	CIO	DHC	NXRT	TWO

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

DHC	+ 0.88	PMT
TWO	+ 0.88	PMT
TWO	+ 0.84	DHC
DHC	+ 0.82	CLDT
CLDT	+ 0.79	PMT
TWO	+ 0.68	CLDT

High negative correlations

DHC	- 0.88	HPP
HPP	- 0.8	CLDT
HPP	- 0.8	PMT
TWO	- 0.68	HPP
TWO	- 0.46	CIO
CIO	- 0.37	PMT

Risk-Adjusted Indicators

There is a big difference between Centerspace Stock performing well and Centerspace 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 Centerspace'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
AIV	1.97	0.34	0.03	(0.39)	4.63	(2.69)	2.94	(1.90)	67.50
PMT	0.99	0.24	0.13	1.03	0.98	(1.17)	2.51	(2.21)	11.09
PDM	1.18	0.02	(0.01)	0.13	1.70	(1.30)	2.41	(2.29)	7.74
CLDT	1.19	0.06	0.05	0.14	1.12	(1.47)	2.81	(2.12)	7.58
HPP	2.62	(1.07)	0.00	(0.39)	0.00	0.00	4.98	(6.64)	16.73
CIO	2.95	(1.58)	0.00	(1.81)	0.00	0.00	0.29	(0.44)	2.20
DHC	1.78	0.55	0.21	7.69	1.65	(2.22)	4.38	(3.50)	9.72
NXRT	1.25	(0.02)	(0.04)	0.06	1.41	(1.47)	2.80	(2.38)	6.46
TWO	1.63	0.56	0.38	1.02	0.86	(2.18)	5.62	(2.25)	15.62

Centerspace Corporate Management

Nancy Andersen	VP Officer	Profile
Grant Campbell	Senior Investments	Profile
Joe McComish	Vice Relations	Profile
Michael Dance	Independent Trustee	Profile
Julie Letner	Senior Culture	Profile
CFA CFA	Head Relations	Profile
Joshua CFA	Head Relations	Profile

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