Crown Castle Correlations

CCI Stock

USD 104.59 0.24 0.23%

The current 90-days correlation between Crown Castle and Digital Realty Trust is -0.13 (i.e., Good 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

Good diversification

The correlation between Crown Castle and DJI is -0.09 (i.e., Good 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.

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 main economic indicators.

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

0.65	AMT	American Tower Corp	Pair Corr
0.7	EPR	EPR Properties	Pair Corr
0.88	RYN	Rayonier	Pair Corr
0.63	GLPI	Gaming Leisure Properties	Pair Corr
0.65	LANDM	Gladstone Land Corp	Pair Corr
0.71	HASI	Hannon Armstrong Sus	Pair Corr
0.68	SBAC	SBA Communications Corp	Pair Corr
0.66	EPR-PE	EPR Properties Series	Pair Corr
0.71	EPR-PC	EPR Properties	Pair Corr
0.72	EPR-PG	EPR Properties	Pair Corr
0.71	O	Realty Income	Pair Corr
0.73	DX	Dynex Capital	Pair Corr
0.63	HR	Healthcare Realty Trust	Pair Corr

Moving against Crown Stock

0.76	AFCG	AFC Gamma	Pair Corr
0.62	FPI	Farmland Partners	Pair Corr
0.48	PW	Power REIT Earnings Call This Week	Pair Corr
0.74	PK	Park Hotels Resorts	Pair Corr
0.6	UE	Urban Edge Properties	Pair Corr
0.56	UNIT	Uniti Group	Pair Corr
0.39	RC	Ready Capital Corp	Pair Corr
0.35	UK	Ucommune International	Pair Corr

Related Correlations Analysis

	DLR	EQIX	SBAC	IRM	AMT	HASI	GLPI	EPR
DLR		0.82	-0.63	0.9	-0.74	-0.43	-0.63	-0.59	DLR
EQIX	0.82		-0.46	0.76	-0.61	-0.29	-0.43	-0.4	EQIX
SBAC	-0.63	-0.46		-0.66	0.95	0.67	0.89	0.84	SBAC
IRM	0.9	0.76	-0.66		-0.71	-0.43	-0.56	-0.59	IRM
AMT	-0.74	-0.61	0.95	-0.71		0.67	0.91	0.86	AMT
HASI	-0.43	-0.29	0.67	-0.43	0.67		0.69	0.8	HASI
GLPI	-0.63	-0.43	0.89	-0.56	0.91	0.69		0.8	GLPI
EPR	-0.59	-0.4	0.84	-0.59	0.86	0.8	0.8		EPR
	DLR	EQIX	SBAC	IRM	AMT	HASI	GLPI	EPR

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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

AMT	+ 0.95	SBAC
GLPI	+ 0.91	AMT
IRM	+ 0.9	DLR
GLPI	+ 0.89	SBAC
EPR	+ 0.86	AMT
EPR	+ 0.84	SBAC

High negative correlations

AMT	- 0.74	DLR
AMT	- 0.71	IRM
IRM	- 0.66	SBAC
GLPI	- 0.63	DLR
SBAC	- 0.63	DLR
AMT	- 0.61	EQIX

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
DLR	1.47	(0.23)	0.00	(0.36)	0.00	0.00	2.68	(4.16)	11.70
EQIX	1.17	(0.13)	0.00	(0.26)	0.00	0.00	2.01	(3.59)	7.54
SBAC	1.21	0.07	0.07	0.08	1.52	(1.26)	2.98	(2.92)	8.65
IRM	1.72	(0.27)	0.00	(0.45)	0.00	0.00	2.61	(6.25)	11.11
AMT	1.29	0.16	0.12	0.28	1.53	(1.35)	2.59	(2.66)	8.07
HASI	1.38	0.14	0.13	(1.81)	1.50	(1.48)	3.15	(2.39)	7.34
GLPI	0.93	0.10	0.11	0.11	1.10	(0.96)	2.28	(1.82)	4.97
EPR	0.96	0.30	0.30	(50.02)	0.88	(1.09)	2.31	(1.60)	5.45

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