CoStar Correlations

CSGP Stock

USD 79.02 0.38 0.48%

The current 90-days correlation between CoStar Group and Colliers International Group is 0.59 (i.e., Very weak diversification). The correlation of CoStar 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.

CoStar Correlation With Market

Very weak diversification

The correlation between CoStar Group and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CoStar 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 CoStar 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 CoStar Stock

0.76	WY	Weyerhaeuser	Pair Corr
0.73	AMT	American Tower Corp	Pair Corr
0.65	GTY	Getty Realty	Pair Corr
0.76	LXP	LXP Industrial Trust	Pair Corr
0.85	PCH	PotlatchDeltic Corp	Pair Corr
0.84	GLPI	Gaming Leisure Properties	Pair Corr
0.74	NTST	Netstreit Corp	Pair Corr
0.68	SBAC	SBA Communications Corp	Pair Corr
0.77	STAG	STAG Industrial	Pair Corr
0.8	O	Realty Income	Pair Corr
0.78	DX	Dynex Capital	Pair Corr
0.78	FR	First Industrial Realty	Pair Corr

Moving against CoStar Stock

0.6	DLR	Digital Realty Trust	Pair Corr
0.53	PDM	Piedmont Office Realty	Pair Corr
0.48	IRM	Iron Mountain	Pair Corr
0.43	XHR	Xenia Hotels Resorts	Pair Corr
0.37	EQIX	Equinix	Pair Corr
0.47	OPINL	Office Properties Income	Pair Corr
0.55	PK	Park Hotels Resorts	Pair Corr
0.45	RC	Ready Capital Corp	Pair Corr
0.41	UE	Urban Edge Properties	Pair Corr
0.4	PW	Power REIT Earnings Call This Week	Pair Corr

Related Correlations Analysis

	JLL	CWK	CIGI	NMRK	NEN	MMI	MAYS	FSV	MLP	FRPH
JLL		0.57	0.53	0.87	0.08	0.62	-0.09	0.35	0.2	0.77	JLL
CWK	0.57		0.94	0.54	0.01	0.62	-0.44	0.85	0.75	0.65	CWK
CIGI	0.53	0.94		0.42	0.06	0.49	-0.35	0.86	0.65	0.5	CIGI
NMRK	0.87	0.54	0.42		-0.13	0.82	-0.34	0.41	0.3	0.86	NMRK
NEN	0.08	0.01	0.06	-0.13		-0.22	0.24	0.01	-0.01	0.02	NEN
MMI	0.62	0.62	0.49	0.82	-0.22		-0.46	0.59	0.65	0.8	MMI
MAYS	-0.09	-0.44	-0.35	-0.34	0.24	-0.46		-0.34	-0.34	-0.25	MAYS
FSV	0.35	0.85	0.86	0.41	0.01	0.59	-0.34		0.77	0.56	FSV
MLP	0.2	0.75	0.65	0.3	-0.01	0.65	-0.34	0.77		0.53	MLP
FRPH	0.77	0.65	0.5	0.86	0.02	0.8	-0.25	0.56	0.53		FRPH
	JLL	CWK	CIGI	NMRK	NEN	MMI	MAYS	FSV	MLP	FRPH

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

CIGI	+ 0.94	CWK
NMRK	+ 0.87	JLL
FSV	+ 0.86	CIGI
FRPH	+ 0.86	NMRK
FSV	+ 0.85	CWK
MMI	+ 0.82	NMRK

High negative correlations

MAYS	- 0.46	MMI
MAYS	- 0.44	CWK
MAYS	- 0.35	CIGI
MLP	- 0.34	MAYS
FSV	- 0.34	MAYS
MAYS	- 0.34	NMRK

Risk-Adjusted Indicators

There is a big difference between CoStar Stock performing well and CoStar 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 CoStar'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
JLL	1.75	0.00	0.00	(0.07)	0.00	0.00	3.01	(3.94)	11.74
CWK	1.96	(0.43)	0.00	(0.34)	0.00	0.00	2.63	(4.90)	14.26
CIGI	1.38	(0.17)	0.00	(0.22)	0.00	0.00	2.05	(2.95)	12.51
NMRK	1.89	(0.12)	0.00	(0.14)	0.00	0.00	3.77	(4.36)	13.66
NEN	1.55	0.06	0.08	(0.22)	1.49	(2.65)	4.39	(3.08)	12.59
MMI	1.63	(0.14)	0.00	(0.20)	0.00	0.00	2.94	(3.82)	10.27
MAYS	1.09	(0.22)	0.00	0.33	0.00	0.00	3.24	(3.61)	16.26
FSV	0.96	(0.12)	0.00	(0.24)	0.00	0.00	2.00	(2.62)	5.89
MLP	1.79	(0.19)	0.00	(0.27)	0.00	0.00	4.19	(3.61)	13.66
FRPH	1.11	(0.11)	0.00	(0.21)	0.00	0.00	1.81	(3.61)	7.96

CoStar Corporate Management

Cyndi Eakin	Senior Controller	Profile
Frank Simuro	Chief Officer	Profile
Timothy Trainor	Communications Director	Profile
Richard Simonelli	Head Relations	Profile
Mark Ibbotson	Managing Canada	Profile
Christian Lown	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC