DigitalBridge Correlations

Preferred Stocks . USA . 
Preferred Stock . DigitalBridge Group
DBRG-PJ Preferred Stock  USD 22.10  0.15  0.67%   
The current 90-days correlation between DigitalBridge Group and DigitalBridge Group is 0.7 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DigitalBridge moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DigitalBridge Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
  
The ability to find closely correlated positions to DigitalBridge could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DigitalBridge when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back DigitalBridge - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling DigitalBridge Group to buy it.

Moving together with DigitalBridge Preferred Stock

  0.62ASPSW Altisource PortfolioPairCorr
  0.98DBRG-PH DigitalBridge GroupPairCorr
  0.98DBRG-PI DigitalBridge GroupPairCorr
  0.61HR Healthcare Realty TrustPairCorr
  0.69KW Kennedy Wilson HoldingsPairCorr
  0.63PW Power REITPairCorr
  0.7UE Urban Edge PropertiesPairCorr
  0.72AHT-PH Ashford Hospitality TrustPairCorr
  0.73AHT-PI Ashford Hospitality TrustPairCorr
  0.8AHT-PF Ashford Hospitality TrustPairCorr
  0.65AHT-PG Ashford Hospitality TrustPairCorr
  0.63VNO-PM Vornado Realty TrustPairCorr
  0.64VNO-PN Vornado Realty TrustPairCorr
  0.83MITT-PA AG Mortgage InvestmentPairCorr
  0.81MITT-PB AG Mortgage InvestmentPairCorr
  0.83MITT-PC AG Mortgage InvestmentPairCorr
  0.88WELL WelltowerPairCorr

Moving against DigitalBridge Preferred Stock

  0.78LB LandBridge CompanyPairCorr
  0.6WETH Wetouch Technology CommonPairCorr
  0.59OZ Belpointe PREP LLCPairCorr
  0.51GBR New Concept EnergyPairCorr
  0.48RC Ready Capital CorpPairCorr
  0.86ESBA Empire State RealtyPairCorr
  0.8EPRT Essential PropertiesPairCorr
  0.59EQIX EquinixPairCorr
  0.51WY WeyerhaeuserPairCorr
  0.4UK Ucommune InternationalPairCorr
  0.36AHT-PD Ashford Hospitality TrustPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between DigitalBridge Preferred Stock performing well and DigitalBridge 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 DigitalBridge'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in DigitalBridge without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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DigitalBridge Corporate Management

Mark SerwinowskiMD OfficerProfile
Severin WhiteMD RelationsProfile
Daniel MoriManaging FinProfile
Jeffrey GinsbergChief OfficerProfile
Ronald SandersChief VPProfile
Jacky WuCFO EVPProfile
Sonia KimMD OfficerProfile
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