DigitalBridge Correlations

Preferred Stocks USA . 
Preferred Stock . DigitalBridge Group
DBRG-PJ Preferred Stock  USD 16.13  -0.42  -2.54%   
The current 90-days correlation between DigitalBridge Group and SL Green Realty is -0.02 (i.e., Excellent diversification).When its correlation with a broad index is high, most of the stock's return is explained by market movement.

DigitalBridge Market Correlation

Moderate diversification
Across the chosen horizon, DigitalBridge and Dow Jones show a correlation of 0.24 and fall into the Moderate diversification bucket. This chart helps evaluate whether adding Dow Jones genuinely reduces risk relative to holding DigitalBridge alone.
  
Correlation data for DigitalBridge reflects how it moves relative to similar exposures. Certain jurisdictions enforce wash sale rules on substantially identical instruments.

Moving together with DigitalBridge Preferred Stock

  0.83OPINL Office Properties IncomePairCorr
  0.81DIS Walt DisneyPairCorr
  0.87HPQ HP IncPairCorr
  0.8IBM International BusinessPairCorr
  0.76BAC Bank of AmericaPairCorr

Moving against DigitalBridge Preferred Stock

  0.84JNJ Johnson JohnsonPairCorr
  0.83VZ Verizon CommunicationsPairCorr
  0.82ECG Everus ConstructionPairCorr
  0.82POWL Powell IndustriesPairCorr
  0.81PFE Pfizer Inc Aggressive PushPairCorr
  0.8CAT CaterpillarPairCorr
  0.79MRK Merck Company Sell-off TrendPairCorr
  0.76T ATT Inc Aggressive PushPairCorr
  0.69AA Alcoa CorpPairCorr
  0.68DD Dupont De NemoursPairCorr
  0.59INTC Intel Downward RallyPairCorr
  0.58MCD McDonaldsPairCorr
  0.58PG Procter GamblePairCorr
  0.52TRV The Travelers Companies Sell-off TrendPairCorr

Related Correlations Analysis


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

EPR
+ 0.95
PSA
EPR
+ 0.9
BNL
BNL
+ 0.84
PSA
EPR
+ 0.67
MAC
RYN
+ 0.62
COLD
MAC
+ 0.61
PSA
  

High negative correlations

EPR
- 0.69
SLG
BNL
- 0.69
SLG
SLG
- 0.67
PSA
MAC
- 0.61
SLG
RYN
- 0.29
MAC
SHO
- 0.22
SLG

Risk-Adjusted Indicators

Strong stock returns do not always mean DigitalBridge Company is outperforming its peers on a fundamental level. Without reviewing risk-adjusted indicators, investors may overweight recent returns and underweight the volatility required to achieve them. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

A disciplined portfolio workflow around DigitalBridge Group should test whether the position strengthens diversification, return efficiency, and overall portfolio fit. The better process compares expected return, volatility, and correlation before the position is increased or introduced.

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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
Macroaxis provides analytical tools and reference data for investors of all levels to evaluate holdings and assess risk across market volatility, economic shifts, and company-specific events. View terms and conditions
 
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