Cushman Wakefield Correlations

CWK Stock

USD 12.01 0.15 1.26%

The current 90-days correlation between Cushman Wakefield plc and Newmark Group is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cushman Wakefield moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cushman Wakefield plc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cushman Wakefield Correlation With Market

Very weak diversification

The correlation between Cushman Wakefield plc and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cushman Wakefield plc 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 Cushman Wakefield plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Cushman Stock

0.77	STHO	Star Holdings	Pair Corr
0.81	HR	Healthcare Realty Trust	Pair Corr
0.81	KW	Kennedy Wilson Holdings	Pair Corr
0.75	PK	Park Hotels Resorts Sell-off Trend	Pair Corr
0.65	RC	Ready Capital Corp	Pair Corr
0.76	UE	Urban Edge Properties	Pair Corr
0.71	WY	Weyerhaeuser	Pair Corr
0.91	ADC-PA	Agree Realty	Pair Corr
0.68	DOUG	Douglas Elliman	Pair Corr
0.7	EPRT	Essential Properties Sell-off Trend	Pair Corr
0.62	EQIX	Equinix	Pair Corr
0.68	ESBA	Empire State Realty Potential Growth	Pair Corr

Moving against Cushman Stock

0.48	DX	Dynex Capital	Pair Corr
0.52	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.47	MITT-PC	AG Mortgage Investment	Pair Corr
0.33	MITT-PA	AG Mortgage Investment	Pair Corr
0.63	CDR-PC	Cedar Realty Trust	Pair Corr

Related Correlations Analysis

	CBRE	NMRK	CIGI	MMI	JLL	CSGP	FSV	FRPH	TCI	MAYS
CBRE		0.49	0.24	0.22	0.86	0.69	-0.02	0.48	-0.36	-0.12	CBRE
NMRK	0.49		0.67	0.89	0.72	0.81	0.61	0.92	0.08	-0.54	NMRK
CIGI	0.24	0.67		0.72	0.41	0.56	0.88	0.58	0.16	-0.53	CIGI
MMI	0.22	0.89	0.72		0.51	0.64	0.74	0.86	0.33	-0.52	MMI
JLL	0.86	0.72	0.41	0.51		0.72	0.15	0.68	-0.26	-0.34	JLL
CSGP	0.69	0.81	0.56	0.64	0.72		0.44	0.75	-0.09	-0.52	CSGP
FSV	-0.02	0.61	0.88	0.74	0.15	0.44		0.53	0.39	-0.48	FSV
FRPH	0.48	0.92	0.58	0.86	0.68	0.75	0.53		0.05	-0.44	FRPH
TCI	-0.36	0.08	0.16	0.33	-0.26	-0.09	0.39	0.05		-0.28	TCI
MAYS	-0.12	-0.54	-0.53	-0.52	-0.34	-0.52	-0.48	-0.44	-0.28		MAYS
	CBRE	NMRK	CIGI	MMI	JLL	CSGP	FSV	FRPH	TCI	MAYS

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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

FRPH	+ 0.92	NMRK
MMI	+ 0.89	NMRK
FSV	+ 0.88	CIGI
JLL	+ 0.86	CBRE
FRPH	+ 0.86	MMI
CSGP	+ 0.81	NMRK

High negative correlations

MAYS	- 0.54	NMRK
MAYS	- 0.53	CIGI
MAYS	- 0.52	CSGP
MAYS	- 0.52	MMI
MAYS	- 0.48	FSV
MAYS	- 0.44	FRPH

Risk-Adjusted Indicators

There is a big difference between Cushman Stock performing well and Cushman Wakefield 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 Cushman Wakefield'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
CBRE	1.34	0.11	0.06	0.08	1.75	(1.33)	2.79	(2.83)	9.27
NMRK	1.60	(0.11)	0.00	0.31	0.00	0.00	2.63	(3.62)	9.29
CIGI	1.40	(0.16)	0.00	(0.14)	0.00	0.00	2.05	(2.93)	12.54
MMI	1.46	(0.09)	0.00	0.33	0.00	0.00	2.94	(2.91)	8.50
JLL	1.48	0.03	0.02	(0.15)	1.80	(1.56)	3.01	(3.31)	12.55
CSGP	1.36	0.12	0.06	0.08	1.70	(1.36)	3.65	(3.23)	9.86
FSV	0.88	(0.08)	0.00	(0.14)	0.00	0.00	2.00	(1.62)	6.62
FRPH	0.95	(0.02)	0.00	0.18	0.00	0.00	1.81	(1.75)	6.38
TCI	1.74	0.11	0.05	1.14	1.99	(2.03)	4.17	(3.53)	11.90
MAYS	1.12	(0.20)	0.00	0.31	0.00	0.00	3.61	(3.61)	17.05

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