Stratus Properties Correlations

STRS Stock

USD 18.15 0.06 0.33%

The correlation of Stratus Properties 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.

Stratus Properties Correlation With Market

Weak diversification

The correlation between Stratus Properties and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stratus Properties and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stratus Properties. 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.

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

Moving together with Stratus Stock

0.75	CWK	Cushman Wakefield plc	Pair Corr
0.85	RMAX	Re Max Holding	Pair Corr
0.64	CIGI	Colliers International	Pair Corr
0.66	KW	Kennedy Wilson Holdings	Pair Corr
0.65	OZ	Belpointe PREP LLC	Pair Corr
0.73	PK	Park Hotels Resorts	Pair Corr
0.79	UE	Urban Edge Properties	Pair Corr

Moving against Stratus Stock

0.71	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.68	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.62	DX	Dynex Capital	Pair Corr
0.61	MAYS	J W Mays	Pair Corr
0.6	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.59	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.58	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.5	O	Realty Income	Pair Corr
0.46	FR	First Industrial Realty	Pair Corr
0.32	WY	Weyerhaeuser	Pair Corr
0.71	CDR-PC	Cedar Realty Trust	Pair Corr
0.64	MITT-PC	AG Mortgage Investment	Pair Corr
0.57	WELL	Welltower	Pair Corr
0.52	MITT-PA	AG Mortgage Investment	Pair Corr
0.48	VICI	VICI Properties	Pair Corr
0.45	MITT-PB	AG Mortgage Investment	Pair Corr
0.42	FBRT	Franklin BSP Realty	Pair Corr
0.39	ELME	Elme Communities	Pair Corr
0.38	CDR-PB	Cedar Realty Trust	Pair Corr
0.37	NREF-PA	NexPoint Real Estate	Pair Corr

Related Correlations Analysis

	HHC	HLDVF	MTSFY	JOE	NDVLY
HHC		0.0	0.0	0.0	0.0	HHC
HLDVF	0.0		0.0	0.0	0.0	HLDVF
MTSFY	0.0	0.0		0.64	-0.33	MTSFY
JOE	0.0	0.0	0.64		-0.44	JOE
NDVLY	0.0	0.0	-0.33	-0.44		NDVLY
	HHC	HLDVF	MTSFY	JOE	NDVLY

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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

JOE	+ 0.64	MTSFY
HLDVF	+ 0.0	HHC
MTSFY	+ 0.0	HHC
JOE	+ 0.0	HHC
NDVLY	+ 0.0	HHC
MTSFY	+ 0.0	HLDVF

High negative correlations

NDVLY	- 0.44	JOE
NDVLY	- 0.33	MTSFY
NDVLY	- 0.0	HLDVF
JOE	- 0.0	HLDVF
MTSFY	- 0.0	HLDVF
NDVLY	- 0.0	HHC

Risk-Adjusted Indicators

There is a big difference between Stratus Stock performing well and Stratus Properties 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 Stratus Properties' 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
HHC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HLDVF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MTSFY	1.24	0.22	0.16	0.24	1.31	(1.37)	3.25	(2.41)	7.89
JOE	1.18	0.05	0.00	(0.02)	0.00	0.00	2.83	(2.14)	8.28
NDVLY	6.68	0.11	0.03	(0.19)	7.09	(8.33)	12.90	(12.12)	37.83

Stratus Properties Corporate Executives

Elected by the shareholders, the Stratus Properties' board of directors comprises two types of representatives: Stratus Properties inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Stratus. The board's role is to monitor Stratus Properties' management team and ensure that shareholders' interests are well served. Stratus Properties' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Stratus Properties' outside directors are responsible for providing unbiased perspectives on the board's policies.

Erin Pickens

CFO and Sr. VP

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