Centerspace Correlations

CSR Stock

USD 64.05 0.26 0.41%

The current 90-days correlation between Centerspace and Nexpoint Residential Trust is 0.73 (i.e., Poor diversification). The correlation of Centerspace 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.

Centerspace Correlation With Market

Very weak diversification

The correlation between Centerspace and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Centerspace 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 Centerspace. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

To learn how to invest in Centerspace Stock, please use our How to Invest in Centerspace guide.

Moving together with Centerspace Stock

0.76	HR	Healthcare Realty Trust	Pair Corr
0.68	ALX	Alexanders	Pair Corr
0.84	AMH	American Homes 4	Pair Corr
0.74	BFS	Saul Centers	Pair Corr
0.82	BHR	Braemar Hotel Resorts	Pair Corr
0.77	BRT	BRT Realty Trust	Pair Corr
0.77	BRX	Brixmor Property Sell-off Trend	Pair Corr

Moving against Centerspace Stock

0.61	LB	LandBridge Company Buyout Trend	Pair Corr
0.48	AIV	Apartment Investment and	Pair Corr

Related Correlations Analysis

	BRT	NXRT	VRE	AIRC	CLPR	UDR	ELS	IRT	SUI
BRT		0.76	0.76	0.0	0.45	0.67	0.52	0.72	-0.02	BRT
NXRT	0.76		0.92	0.0	0.62	0.62	0.51	0.59	-0.19	NXRT
VRE	0.76	0.92		0.0	0.5	0.71	0.65	0.65	0.0	VRE
AIRC	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AIRC
CLPR	0.45	0.62	0.5	0.0		0.37	0.21	0.39	-0.22	CLPR
UDR	0.67	0.62	0.71	0.0	0.37		0.73	0.96	0.51	UDR
ELS	0.52	0.51	0.65	0.0	0.21	0.73		0.69	0.6	ELS
IRT	0.72	0.59	0.65	0.0	0.39	0.96	0.69		0.48	IRT
SUI	-0.02	-0.19	0.0	0.0	-0.22	0.51	0.6	0.48		SUI
	BRT	NXRT	VRE	AIRC	CLPR	UDR	ELS	IRT	SUI

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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

IRT	+ 0.96	UDR
VRE	+ 0.92	NXRT
NXRT	+ 0.76	BRT
VRE	+ 0.76	BRT
ELS	+ 0.73	UDR
IRT	+ 0.72	BRT

High negative correlations

SUI	- 0.22	CLPR
SUI	- 0.19	NXRT
SUI	- 0.02	BRT
SUI	- 0.0	AIRC
IRT	- 0.0	AIRC
ELS	- 0.0	AIRC

Risk-Adjusted Indicators

There is a big difference between Centerspace Stock performing well and Centerspace 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 Centerspace'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
BRT	1.25	(0.01)	0.00	(0.12)	0.00	0.00	2.48	(2.35)	9.39
NXRT	1.38	(0.13)	0.00	(0.26)	0.00	0.00	2.12	(2.43)	6.46
VRE	1.10	(0.07)	0.00	(0.24)	0.00	0.00	2.60	(2.43)	5.83
AIRC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CLPR	3.70	(0.02)	0.00	(0.14)	0.00	0.00	6.57	(8.98)	53.27
UDR	1.04	0.02	0.00	(0.05)	0.00	0.00	1.90	(2.03)	6.14
ELS	1.08	0.04	0.06	(0.01)	1.53	(1.02)	1.82	(2.37)	7.02
IRT	1.09	0.06	0.00	(0.02)	0.00	0.00	2.24	(2.56)	5.33
SUI	1.26	0.21	0.16	0.17	1.28	(1.40)	2.98	(2.28)	9.24

Centerspace Corporate Management

Nancy Andersen	VP Officer	Profile
Grant Campbell	Senior Investments	Profile
Joe McComish	Vice Relations	Profile
Michael Dance	Independent Trustee	Profile
Julie Letner	Senior Culture	Profile
CFA CFA	Head Relations	Profile

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