Starwood Property Correlations

Stocks . USA . 
Stock . Starwood Property Trust
STWD Stock  USD 19.96  0.02  0.10%   
The current 90-days correlation between Starwood Property Trust and Blackstone Mortgage Trust is 0.84 (i.e., Very poor diversification). The correlation of Starwood Property 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.

Starwood Property Correlation With Market

Very weak diversification

The correlation between Starwood Property Trust and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Starwood Property Trust 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 Starwood Property Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Starwood Stock

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  0.82DB Deutsche Bank AGPairCorr
  0.79LU Lufax HoldingPairCorr
  0.83LX Lexinfintech HoldingsPairCorr
  0.67WU Western UnionPairCorr
  0.88XP Xp IncPairCorr
  0.79DMYY dMY Squared TechnologyPairCorr
  0.74DOMH Dominari Holdings Earnings Call This WeekPairCorr
  0.62WSBF Waterstone FinancialPairCorr

Moving against Starwood Stock

  0.75LC LendingClub CorpPairCorr
  0.62BX Blackstone GroupPairCorr
  0.51CG Carlyle Group Normal TradingPairCorr
  0.49MC Moelis Normal TradingPairCorr
  0.48DHIL Diamond Hill InvestmentPairCorr
  0.44PX P10 IncPairCorr
  0.4SF Stifel FinancialPairCorr
  0.79VRTS Virtus InvestmentPairCorr
  0.71WULF Terawulf Aggressive PushPairCorr
  0.7LGHLW Lion Financial GroupPairCorr
  0.69WT WisdomTreePairCorr
  0.6WD Walker DunlopPairCorr
  0.57ABR Arbor Realty Trust Sell-off TrendPairCorr
  0.54BLK BlackRockPairCorr
  0.52ECPG Encore Capital GroupPairCorr
  0.4AXP American ExpressPairCorr
  0.39AMP Ameriprise FinancialPairCorr

Related Correlations Analysis

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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   
ARI
+ 0.96
BXMT
MPW
+ 0.88
BXMT
MPW
+ 0.84
ARI
MPW
+ 0.15
OHI
OHI
+ 0.08
ABR
OHI
+ 0.07
BXMT
  
High negative correlations   
MPW
- 0.68
ABR
ABR
- 0.65
BXMT
ARI
- 0.63
ABR
OHI
- 0.07
ARI

Risk-Adjusted Indicators

There is a big difference between Starwood Stock performing well and Starwood Property 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 Starwood Property'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.

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