Rayonier Correlations

RYN Stock

USD 26.31 0.41 1.58%

The current 90-days correlation between Rayonier and Weyerhaeuser is 0.02 (i.e., Significant 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

Good diversification

The correlation between Rayonier and DJI is -0.02 (i.e., Good 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

0.91	HR	Healthcare Realty Trust	Pair Corr
0.81	PK	Park Hotels Resorts	Pair Corr
0.61	WY	Weyerhaeuser	Pair Corr
0.69	VICI	VICI Properties	Pair Corr
0.79	EPRT	Essential Properties	Pair Corr
0.66	EQIX	Equinix	Pair Corr
0.74	ESBA	Empire State Realty	Pair Corr
0.87	ESRT	Empire State Realty	Pair Corr
0.74	WHLR	Wheeler Real Estate Earnings Call This Week	Pair Corr
0.83	ARE	Alexandria Real Estate	Pair Corr
0.62	BDN	Brandywine Realty Trust	Pair Corr
0.91	BNL	Broadstone Net Lease	Pair Corr
0.84	BRX	Brixmor Property	Pair Corr
0.91	BXP	Boston Properties	Pair Corr
0.82	DEA	Eerly Govt Ppty Buyout Trend	Pair Corr
0.78	DEI	Douglas Emmett	Pair Corr
0.67	DRH	Diamondrock Hospitality	Pair Corr
0.76	EQC	Equity Commonwealth	Pair Corr
0.78	GTY	Getty Realty	Pair Corr
0.9	HIW	Highwoods Properties Sell-off Trend	Pair Corr
0.78	HPP	Hudson Pacific Properties	Pair Corr
0.62	KRC	Kilroy Realty Corp	Pair Corr
0.89	KRG	Kite Realty Group	Pair Corr
0.83	NHI	National Health Investors	Pair Corr
0.92	OLP	One Liberty Properties Earnings Call This Week	Pair Corr
0.93	OPI	Office Properties Income	Pair Corr
0.75	PDM	Piedmont Office Realty	Pair Corr

Moving against Rayonier Stock

0.49	AIV	Apartment Investment and	Pair Corr
0.45	MDRR	Medalist Diversified Reit Earnings Call This Week	Pair Corr

Related Correlations Analysis

	WY	LAMR	FPI	LAND	PCH	GLPI	CCI	EPR	AFCG
WY		0.71	-0.12	0.69	0.76	0.84	0.68	0.22	0.55	WY
LAMR	0.71		-0.2	0.69	0.66	0.8	0.58	0.18	0.57	LAMR
FPI	-0.12	-0.2		-0.17	0.32	-0.15	-0.53	0.74	-0.53	FPI
LAND	0.69	0.69	-0.17		0.53	0.8	0.8	0.06	0.79	LAND
PCH	0.76	0.66	0.32	0.53		0.67	0.24	0.71	0.2	PCH
GLPI	0.84	0.8	-0.15	0.8	0.67		0.79	0.13	0.72	GLPI
CCI	0.68	0.58	-0.53	0.8	0.24	0.79		-0.37	0.89	CCI
EPR	0.22	0.18	0.74	0.06	0.71	0.13	-0.37		-0.37	EPR
AFCG	0.55	0.57	-0.53	0.79	0.2	0.72	0.89	-0.37		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

AFCG	+ 0.89	CCI
GLPI	+ 0.84	WY
GLPI	+ 0.8	LAMR
GLPI	+ 0.8	LAND
CCI	+ 0.8	LAND
AFCG	+ 0.79	LAND

High negative correlations

AFCG	- 0.53	FPI
CCI	- 0.53	FPI
AFCG	- 0.37	EPR
EPR	- 0.37	CCI
FPI	- 0.2	LAMR
LAND	- 0.17	FPI

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	1.19	(0.03)	0.00	(0.05)	0.00	0.00	2.64	(2.17)	7.99
LAMR	0.93	(0.04)	0.00	(0.13)	0.00	0.00	2.20	(1.52)	10.30
FPI	1.22	0.13	0.08	2.71	1.57	(1.31)	2.77	(3.05)	8.11
LAND	1.23	(0.08)	0.00	(0.17)	0.00	0.00	2.53	(2.79)	10.38
PCH	1.28	0.14	0.10	0.20	1.42	(1.56)	2.76	(2.09)	9.52
GLPI	0.87	0.01	0.01	0.02	1.12	(0.94)	1.75	(1.78)	5.52
CCI	1.02	(0.15)	0.00	(0.32)	0.00	0.00	1.73	(2.34)	7.53
EPR	0.82	0.22	0.17	0.54	1.01	(0.89)	1.73	(1.50)	5.44
AFCG	1.38	(0.05)	0.00	(0.08)	0.00	0.00	2.39	(2.90)	13.62

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