Rayonier Correlations

RYN Stock

USD 28.06 0.21 0.75%

The current 90-days correlation between Rayonier and Lamar Advertising is 0.37 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Rayonier moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rayonier moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Rayonier Correlation With Market

Modest diversification

The correlation between Rayonier and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rayonier and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rayonier. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

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

Moving together with Rayonier Stock

0.83	HR	Healthcare Realty Trust	Pair Corr
0.61	ADC	Agree Realty Sell-off Trend	Pair Corr
0.62	ALX	Alexanders	Pair Corr
0.61	AMT	American Tower Corp	Pair Corr
0.71	ARE	Alexandria Real Estate	Pair Corr
0.7	BHR	Braemar Hotel Resorts	Pair Corr
0.79	BNL	Broadstone Net Lease	Pair Corr
0.68	BRT	BRT Realty Trust	Pair Corr
0.85	CCI	Crown Castle	Pair Corr

Moving against Rayonier Stock

0.34	LB	LandBridge Company	Pair Corr
0.59	EQC	Equity Commonwealth	Pair Corr

Related Correlations Analysis

	WY	LAMR	FPI	LAND	PCH	GLPI	CCI	EPR	AFCG
WY		0.41	0.06	0.54	0.8	0.71	0.41	0.54	0.06	WY
LAMR	0.41		0.3	0.3	0.15	0.11	-0.18	-0.16	0.64	LAMR
FPI	0.06	0.3		0.09	0.07	-0.2	-0.56	0.0	0.15	FPI
LAND	0.54	0.3	0.09		0.73	0.71	0.43	0.65	0.27	LAND
PCH	0.8	0.15	0.07	0.73		0.82	0.47	0.88	-0.17	PCH
GLPI	0.71	0.11	-0.2	0.71	0.82		0.79	0.72	-0.11	GLPI
CCI	0.41	-0.18	-0.56	0.43	0.47	0.79		0.43	-0.2	CCI
EPR	0.54	-0.16	0.0	0.65	0.88	0.72	0.43		-0.35	EPR
AFCG	0.06	0.64	0.15	0.27	-0.17	-0.11	-0.2	-0.35		AFCG
	WY	LAMR	FPI	LAND	PCH	GLPI	CCI	EPR	AFCG

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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

EPR	+ 0.88	PCH
GLPI	+ 0.82	PCH
PCH	+ 0.8	WY
CCI	+ 0.79	GLPI
PCH	+ 0.73	LAND
EPR	+ 0.72	GLPI

High negative correlations

CCI	- 0.56	FPI
AFCG	- 0.35	EPR
AFCG	- 0.2	CCI
GLPI	- 0.2	FPI
CCI	- 0.18	LAMR
AFCG	- 0.17	PCH

Risk-Adjusted Indicators

There is a big difference between Rayonier Stock performing well and Rayonier 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 Rayonier'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
WY	1.29	(0.01)	0.00	(0.11)	0.00	0.00	2.62	(2.31)	7.33
LAMR	1.24	(0.08)	0.00	(0.17)	0.00	0.00	2.20	(3.16)	10.30
FPI	1.28	0.04	0.06	0.05	1.72	(1.31)	2.77	(3.05)	11.74
LAND	1.39	0.00	0.00	(0.10)	0.00	0.00	2.72	(3.89)	10.38
PCH	1.35	0.14	0.11	0.12	1.52	(1.58)	2.57	(2.16)	6.94
GLPI	0.93	0.09	0.10	0.06	1.15	(1.00)	2.28	(1.82)	4.97
CCI	1.32	0.13	0.10	0.11	1.49	(1.40)	2.68	(2.40)	7.54
EPR	0.98	0.29	0.23	0.40	1.14	(1.04)	2.31	(1.75)	5.45
AFCG	1.78	(0.42)	0.00	(0.50)	0.00	0.00	2.13	(3.04)	26.45

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