Newmark Correlations

NMRK Stock

USD 12.58 0.05 0.40%

The current 90-days correlation between Newmark Group and Colliers International Group is 0.71 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Newmark moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Newmark Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Newmark Correlation With Market

Poor diversification

The correlation between Newmark Group and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Newmark Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newmark 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 metropolitan statistical area.

Moving together with Newmark Stock

0.86	FRPH	Frp Holdings Ord	Pair Corr
0.82	MMI	Marcus Millichap	Pair Corr
0.66	DOUG	Douglas Elliman	Pair Corr
0.68	EPRT	Essential Properties	Pair Corr

Moving against Newmark Stock

0.34

MAYS

J W Mays

Pair Corr

Related Correlations Analysis

	JLL	CBRE	CIGI	MMI	CWK	FRPH	TCI	MAYS	HOUS	RMAX
JLL		0.97	0.53	0.62	0.57	0.77	-0.41	-0.09	0.63	0.32	JLL
CBRE	0.97		0.46	0.61	0.5	0.8	-0.38	0.01	0.53	0.22	CBRE
CIGI	0.53	0.46		0.49	0.94	0.5	-0.16	-0.35	0.43	0.84	CIGI
MMI	0.62	0.61	0.49		0.62	0.8	0.13	-0.46	0.72	0.57	MMI
CWK	0.57	0.5	0.94	0.62		0.65	-0.13	-0.44	0.54	0.91	CWK
FRPH	0.77	0.8	0.5	0.8	0.65		-0.14	-0.25	0.59	0.49	FRPH
TCI	-0.41	-0.38	-0.16	0.13	-0.13	-0.14		-0.13	-0.03	0.05	TCI
MAYS	-0.09	0.01	-0.35	-0.46	-0.44	-0.25	-0.13		-0.67	-0.51	MAYS
HOUS	0.63	0.53	0.43	0.72	0.54	0.59	-0.03	-0.67		0.51	HOUS
RMAX	0.32	0.22	0.84	0.57	0.91	0.49	0.05	-0.51	0.51		RMAX
	JLL	CBRE	CIGI	MMI	CWK	FRPH	TCI	MAYS	HOUS	RMAX

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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

CBRE	+ 0.97	JLL
CWK	+ 0.94	CIGI
RMAX	+ 0.91	CWK
RMAX	+ 0.84	CIGI
FRPH	+ 0.8	CBRE
FRPH	+ 0.8	MMI

High negative correlations

HOUS	- 0.67	MAYS
RMAX	- 0.51	MAYS
MAYS	- 0.46	MMI
MAYS	- 0.44	CWK
TCI	- 0.41	JLL
TCI	- 0.38	CBRE

Risk-Adjusted Indicators

There is a big difference between Newmark Stock performing well and Newmark 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 Newmark'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
CBRE	1.62	0.02	0.00	(0.06)	0.00	0.00	2.79	(4.28)	11.19
CIGI	1.38	(0.17)	0.00	(0.22)	0.00	0.00	2.05	(2.95)	12.51
MMI	1.63	(0.14)	0.00	(0.20)	0.00	0.00	2.94	(3.82)	10.27
CWK	1.96	(0.43)	0.00	(0.34)	0.00	0.00	2.63	(4.90)	14.26
FRPH	1.11	(0.11)	0.00	(0.21)	0.00	0.00	1.81	(3.61)	7.96
TCI	1.65	0.03	0.05	(0.82)	1.89	(2.05)	4.17	(3.13)	12.24
MAYS	1.09	(0.22)	0.00	0.33	0.00	0.00	3.24	(3.61)	16.26
HOUS	3.19	(0.09)	0.00	(0.13)	0.00	0.00	6.03	(7.40)	19.40
RMAX	2.19	(0.35)	0.00	(0.34)	0.00	0.00	4.32	(3.69)	17.71

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