Paramount Correlations

PGRE Stock

USD 6.43 0.00 0.00%

The correlation of Paramount 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.

Paramount Correlation With Market

Weak diversification

The correlation between Paramount Group and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Paramount Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Paramount Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Paramount 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 Paramount Stock

0.8	EQIX	Equinix	Pair Corr
0.61	WELL	Welltower	Pair Corr
0.61	ESBA	Empire State Realty	Pair Corr
0.64	ESRT	Empire State Realty	Pair Corr
0.76	BXP	Boston Properties	Pair Corr
0.84	CDP	COPT Defense Properties	Pair Corr
0.82	HIW	Highwoods Properties	Pair Corr
0.77	SLG	SL Green Realty	Pair Corr
0.89	JBGS	JBG SMITH Properties	Pair Corr

Moving against Paramount Stock

0.64	HR	Healthcare Realty Trust	Pair Corr
0.6	ARE	Alexandria Real Estate	Pair Corr
0.59	WHLR	Wheeler Real Estate Trending	Pair Corr
0.76	VTR	Ventas Inc	Pair Corr
0.61	DOC	Healthpeak Properties	Pair Corr
0.48	NHI	National Health Investors	Pair Corr
0.8	GMRE	Global Medical REIT	Pair Corr
0.48	MDRR	Medalist Diversified Reit	Pair Corr
0.47	RC	Ready Capital Corp	Pair Corr
0.45	KW	Kennedy Wilson Holdings	Pair Corr

Related Correlations Analysis

	OFC	HIW	PDM	DEI	KRC	BDN	CIO	CUZ	EQC	HPP
OFC		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	OFC
HIW	0.0		0.73	0.42	0.81	0.85	0.74	0.81	-0.54	0.12	HIW
PDM	0.0	0.73		0.73	0.84	0.84	0.65	0.86	0.0	0.56	PDM
DEI	0.0	0.42	0.73		0.63	0.74	0.47	0.76	0.38	0.78	DEI
KRC	0.0	0.81	0.84	0.63		0.85	0.83	0.94	-0.27	0.48	KRC
BDN	0.0	0.85	0.84	0.74	0.85		0.74	0.89	-0.19	0.44	BDN
CIO	0.0	0.74	0.65	0.47	0.83	0.74		0.83	-0.39	0.44	CIO
CUZ	0.0	0.81	0.86	0.76	0.94	0.89	0.83		-0.15	0.6	CUZ
EQC	0.0	-0.54	0.0	0.38	-0.27	-0.19	-0.39	-0.15		0.54	EQC
HPP	0.0	0.12	0.56	0.78	0.48	0.44	0.44	0.6	0.54		HPP
	OFC	HIW	PDM	DEI	KRC	BDN	CIO	CUZ	EQC	HPP

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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

CUZ	+ 0.94	KRC
CUZ	+ 0.89	BDN
CUZ	+ 0.86	PDM
BDN	+ 0.85	HIW
BDN	+ 0.85	KRC
KRC	+ 0.84	PDM

High negative correlations

EQC	- 0.54	HIW
EQC	- 0.39	CIO
EQC	- 0.27	KRC
EQC	- 0.19	BDN
EQC	- 0.15	CUZ
EQC	- 0.0	PDM

Risk-Adjusted Indicators

There is a big difference between Paramount Stock performing well and Paramount 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 Paramount'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
OFC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HIW	1.34	0.15	0.07	0.20	1.82	(1.37)	2.57	(3.10)	9.44
PDM	2.19	0.03	0.01	0.05	3.94	(2.14)	5.43	(5.85)	22.47
DEI	1.81	(0.09)	0.00	(0.05)	0.00	0.00	3.50	(4.07)	14.67
KRC	1.66	0.05	0.02	0.07	2.49	(1.53)	3.08	(3.64)	14.19
BDN	1.58	(0.03)	(0.01)	(0.01)	2.48	(1.63)	3.28	(3.13)	10.69
CIO	1.58	0.18	0.06	2.59	2.22	(1.64)	3.38	(3.47)	11.60
CUZ	1.33	0.05	0.02	0.08	1.93	(1.33)	2.48	(2.39)	11.02
EQC	0.88	(0.14)	0.00	(1.40)	0.00	0.00	2.35	(1.86)	9.98
HPP	3.21	(0.02)	0.00	0.01	4.61	(3.34)	8.06	(8.04)	20.32

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