Equinix Correlations

EQIX Stock

USD 906.37 2.64 0.29%

The current 90-days correlation between Equinix and Crown Castle is 0.21 (i.e., Modest diversification). The correlation of Equinix 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.

Equinix Correlation With Market

Modest diversification

The correlation between Equinix and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equinix and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equinix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy Equinix Stock please use our How to Invest in Equinix guide.

Moving together with Equinix Stock

0.62	HR	Healthcare Realty Trust	Pair Corr
0.68	PK	Park Hotels Resorts	Pair Corr
0.64	ESRT	Empire State Realty	Pair Corr
0.62	BRX	Brixmor Property	Pair Corr
0.65	BXP	Boston Properties	Pair Corr
0.67	DEI	Douglas Emmett	Pair Corr
0.62	DRH	Diamondrock Hospitality	Pair Corr
0.61	HIW	Highwoods Properties Sell-off Trend	Pair Corr
0.72	OLP	One Liberty Properties Earnings Call This Week	Pair Corr
0.73	OPI	Office Properties Income	Pair Corr

Moving against Equinix Stock

0.41

AIV

Apartment Investment and

Pair Corr

Related Correlations Analysis

	CCI	AMT	IRM	HASI	DLR	SBAC	EPR	GLPI
CCI		0.91	0.81	0.62	0.72	0.95	-0.37	0.79	CCI
AMT	0.91		0.71	0.81	0.57	0.95	-0.03	0.93	AMT
IRM	0.81	0.71		0.49	0.86	0.69	-0.54	0.57	IRM
HASI	0.62	0.81	0.49		0.44	0.72	0.1	0.8	HASI
DLR	0.72	0.57	0.86	0.44		0.61	-0.64	0.41	DLR
SBAC	0.95	0.95	0.69	0.72	0.61		-0.16	0.86	SBAC
EPR	-0.37	-0.03	-0.54	0.1	-0.64	-0.16		0.13	EPR
GLPI	0.79	0.93	0.57	0.8	0.41	0.86	0.13		GLPI
	CCI	AMT	IRM	HASI	DLR	SBAC	EPR	GLPI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

SBAC	+ 0.95	CCI
SBAC	+ 0.95	AMT
GLPI	+ 0.93	AMT
AMT	+ 0.91	CCI
DLR	+ 0.86	IRM
GLPI	+ 0.86	SBAC

High negative correlations

EPR	- 0.64	DLR
EPR	- 0.54	IRM
EPR	- 0.37	CCI
EPR	- 0.16	SBAC
EPR	- 0.03	AMT

Risk-Adjusted Indicators

There is a big difference between Equinix Stock performing well and Equinix 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 Equinix'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
CCI	1.02	(0.15)	0.00	(0.32)	0.00	0.00	1.73	(2.34)	7.53
AMT	1.15	(0.02)	0.00	(0.04)	0.00	0.00	2.03	(2.95)	8.07
IRM	1.55	(0.32)	0.00	(0.85)	0.00	0.00	2.34	(5.01)	11.11
HASI	1.53	0.10	0.05	0.13	1.73	(1.64)	3.85	(3.14)	9.52
DLR	1.28	(0.16)	0.00	(0.27)	0.00	0.00	2.39	(3.86)	11.70
SBAC	1.10	(0.05)	0.00	(0.10)	0.00	0.00	2.69	(2.92)	8.66
EPR	0.82	0.22	0.17	0.54	1.01	(0.89)	1.73	(1.50)	5.44
GLPI	0.87	0.01	0.01	0.02	1.12	(0.94)	1.75	(1.78)	5.52

Equinix Corporate Management

Mary Wellman	VP Officer	Profile
Justin Dustzadeh	Chief Officer	Profile
Brandi Morandi	Chief legal officer, general counsel and secretary	Profile
Robert Busz	Managing Poland	Profile
Scott Crenshaw	Executive Services	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