Camden Property Correlations

CPT Stock

USD 119.21 0.84 0.70%

The current 90-days correlation between Camden Property Trust and AvalonBay Communities is 0.87 (i.e., Very poor diversification). The correlation of Camden Property 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.

Camden Property Correlation With Market

Weak diversification

The correlation between Camden Property Trust and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Camden Property Trust 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 Camden Property Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Camden Stock

0.77	O	Realty Income	Pair Corr
0.79	FR	First Industrial Realty	Pair Corr
0.82	VICI	VICI Properties	Pair Corr
0.88	ELME	Elme Communities	Pair Corr
0.79	WELL	Welltower	Pair Corr
0.79	FCPT	Four Corners Property	Pair Corr
0.63	ADC	Agree Realty	Pair Corr
0.85	ALX	Alexanders	Pair Corr
0.76	AMT	American Tower Corp	Pair Corr
0.63	BNL	Broadstone Net Lease	Pair Corr

Moving against Camden Stock

0.6	PK	Park Hotels Resorts	Pair Corr
0.56	WHLR	Wheeler Real Estate	Pair Corr
0.55	PW	Power REIT Earnings Call This Week	Pair Corr
0.51	ESBA	Empire State Realty	Pair Corr
0.48	ESRT	Empire State Realty	Pair Corr
0.57	BDN	Brandywine Realty Trust	Pair Corr
0.55	AAT	American Assets Trust	Pair Corr
0.49	FISK	Empire State Realty	Pair Corr
0.47	AHH	Armada Hflr Pr	Pair Corr
0.62	CDP	COPT Defense Properties	Pair Corr
0.61	DLR	Digital Realty Trust	Pair Corr
0.57	DRH	Diamondrock Hospitality	Pair Corr
0.33	BXP	Boston Properties	Pair Corr

Related Correlations Analysis

	AVB	ESS	EQR	UDR	MAA	NXRT
AVB		0.35	0.83	0.43	0.2	0.64	AVB
ESS	0.35		0.77	0.88	0.94	0.25	ESS
EQR	0.83	0.77		0.81	0.67	0.59	EQR
UDR	0.43	0.88	0.81		0.88	0.58	UDR
MAA	0.2	0.94	0.67	0.88		0.16	MAA
NXRT	0.64	0.25	0.59	0.58	0.16		NXRT
	AVB	ESS	EQR	UDR	MAA	NXRT

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Risk-Adjusted Indicators

There is a big difference between Camden Stock performing well and Camden Property 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 Camden Property'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
AVB	0.95	(0.07)	0.00	(0.21)	0.00	0.00	2.29	(2.23)	5.27
ESS	1.07	0.06	0.05	0.02	1.50	(1.01)	2.21	(1.99)	6.26
EQR	1.03	(0.02)	0.00	(0.11)	0.00	0.00	1.85	(2.39)	6.21
UDR	1.02	0.01	0.00	(0.05)	0.00	0.00	1.90	(2.03)	6.14
MAA	1.03	0.08	0.09	0.15	1.27	(1.12)	1.70	(1.96)	6.07
NXRT	1.39	(0.18)	0.00	(0.30)	0.00	0.00	2.12	(2.43)	6.46

Camden Property Corporate Management

Allison Dunavant	Senior Resources	Profile
Kristy Simonette	Senior Officer	Profile
Keith Oden	Pres and Trust Manager	Profile
Frances SevillaSacasa	Independent Trust Manager	Profile
Julie Keel	Vice Marketing	Profile

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