Colliers International Correlations

CIGI Stock  USD 124.20  0.48  0.38%   
The current 90-days correlation between Colliers International and Jones Lang LaSalle is 0.76 (i.e., Poor diversification). The correlation of Colliers International 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.

Colliers International Correlation With Market

Poor diversification

The correlation between Colliers International Group 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 Colliers International Group 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 Colliers International Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Colliers Stock

  0.87CWK Cushman Wakefield plcPairCorr
  0.83FSV FirstService CorpPairCorr
  0.75MAYS J W MaysPairCorr
  0.75RMAX Re Max HoldingPairCorr
  0.76PK Park Hotels ResortsPairCorr
  0.74RC Ready Capital CorpPairCorr

Moving against Colliers Stock

  0.72DX Dynex CapitalPairCorr
  0.65AHT-PD Ashford Hospitality TrustPairCorr
  0.64O Realty IncomePairCorr
  0.61AHT-PF Ashford Hospitality TrustPairCorr
  0.61AHT-PG Ashford Hospitality TrustPairCorr
  0.57AHT-PI Ashford Hospitality TrustPairCorr
  0.56AHT-PH Ashford Hospitality TrustPairCorr
  0.53FR First Industrial RealtyPairCorr
  0.78ELME Elme CommunitiesPairCorr
  0.73VICI VICI PropertiesPairCorr
  0.7MITT-PA AG Mortgage InvestmentPairCorr
  0.67CDR-PC Cedar Realty TrustPairCorr
  0.65FBRT Franklin BSP RealtyPairCorr
  0.6WELL WelltowerPairCorr
  0.55MITT-PB AG Mortgage InvestmentPairCorr
  0.55CDR-PB Cedar Realty TrustPairCorr
  0.55NREF-PA NexPoint Real EstatePairCorr
  0.49MITT-PC AG Mortgage InvestmentPairCorr

Related Correlations Analysis

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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   
CBREJLL
CBRENMRK
NMRKJLL
NMRKFRPH
CWKMAYS
CBREFRPH
  
High negative correlations   
CSGPMAYS
CSGPMLP
CSGPCWK
TCIJLL
TCICBRE
TCINMRK

Risk-Adjusted Indicators

There is a big difference between Colliers Stock performing well and Colliers International 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 Colliers International'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FRPH  1.09 (0.07) 0.00 (0.08) 0.00 
 1.81 
 7.96 
MMI  1.63 (0.13) 0.00  1.25  0.00 
 2.94 
 10.27 
MLP  1.77 (0.25) 0.00 (0.21) 0.00 
 4.19 
 13.66 
MAYS  1.15 (0.19) 0.00 (7.16) 0.00 
 3.24 
 16.26 
JLL  1.71  0.01  0.00  0.00  2.31 
 3.55 
 11.74 
NMRK  1.76 (0.04) 0.00 (0.02) 0.00 
 3.77 
 13.66 
CBRE  1.53  0.06  0.02  0.03  2.11 
 2.94 
 11.19 
CWK  1.94 (0.45) 0.00  1.83  0.00 
 2.64 
 14.26 
CSGP  1.36  0.15  0.09 (0.22) 1.54 
 3.29 
 8.99 
TCI  1.60 (0.03) 0.00 (0.11) 0.00 
 4.17 
 12.24 

Colliers International Corporate Management