Outfront Media Correlations
| OUT Stock | USD 24.59 0.43 1.72% |
The current 90-days correlation between Outfront Media and PotlatchDeltic Corp is 0.27 (i.e., Modest diversification). The correlation of Outfront Media 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.
Outfront Media Correlation With Market
Poor diversification
The correlation between Outfront Media and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Outfront Media and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Outfront Stock
| 0.72 | PW | Power REIT | PairCorr |
| 0.89 | LAMR | Lamar Advertising | PairCorr |
| 0.95 | TUXS | Tuxis | PairCorr |
| 0.64 | NXST | Nexstar Broadcasting | PairCorr |
| 0.74 | IQV | IQVIA Holdings | PairCorr |
| 0.87 | WSR | Whitestone REIT | PairCorr |
| 0.81 | SFSHF | Safestore Holdings plc | PairCorr |
| 0.87 | SGML | Sigma Lithium Resources Upward Rally | PairCorr |
| 0.9 | AIZ | Assurant | PairCorr |
| 0.65 | GLNCY | Glencore PLC ADR | PairCorr |
| 0.7 | RCUS | Arcus Biosciences | PairCorr |
| 0.7 | KODK | Eastman Kodak | PairCorr |
| 0.76 | M | Macys Inc | PairCorr |
Moving against Outfront Stock
| 0.95 | OPINL | Office Properties Income | PairCorr |
| 0.89 | EQC | Equity Commonwealth | PairCorr |
| 0.79 | ROBOF | RoboGroup TEK | PairCorr |
| 0.54 | CDIV | Cascadia Investments | PairCorr |
| 0.51 | FLYE | Fly E Group | PairCorr |
Related Correlations Analysis
| 0.07 | 0.53 | 0.0 | 0.98 | 0.21 | 0.62 | PCH | ||
| 0.07 | -0.63 | 0.7 | 0.2 | -0.85 | 0.66 | HIW | ||
| 0.53 | -0.63 | -0.33 | 0.42 | 0.79 | -0.09 | LXP | ||
| 0.0 | 0.7 | -0.33 | 0.07 | -0.52 | 0.62 | VNO | ||
| 0.98 | 0.2 | 0.42 | 0.07 | 0.09 | 0.68 | RYN | ||
| 0.21 | -0.85 | 0.79 | -0.52 | 0.09 | -0.39 | BXMT | ||
| 0.62 | 0.66 | -0.09 | 0.62 | 0.68 | -0.39 | PSA | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Outfront Stock performing well and Outfront Media 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 Outfront Media'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PCH | 1.38 | 0.06 | 0.02 | 0.17 | 1.48 | 3.38 | 7.23 | |||
| HIW | 0.93 | (0.20) | 0.00 | (0.26) | 0.00 | 1.92 | 5.76 | |||
| LXP | 0.81 | 0.02 | (0.02) | 0.15 | 1.37 | 1.79 | 7.32 | |||
| VNO | 1.38 | (0.30) | 0.00 | (0.20) | 0.00 | 2.88 | 9.20 | |||
| RYN | 1.31 | 0.04 | 0.01 | 0.15 | 1.37 | 3.60 | 8.02 | |||
| BXMT | 0.98 | 0.09 | 0.06 | 0.22 | 0.86 | 2.90 | 5.68 | |||
| PSA | 1.15 | (0.20) | 0.00 | (0.14) | 0.00 | 2.27 | 6.57 |