Crown Castle Correlations

CCI
 Stock
  

USD 181.68  2.80  1.57%   

The correlation of Crown Castle is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Crown Castle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crown Castle moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to Crown Castle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crown Castle when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Crown Castle - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Crown Castle to buy it.

Moving together with Crown Castle

0.71AFCGAfc GammaPairCorr
0.69EQIXEquinixPairCorr
0.62FPIFarmland PartnersPairCorr
0.63IRMIron MountainPairCorr
0.64AAICArlington Asset InvePairCorr
0.62AATAmerican Assets TrustPairCorr
0.74ABRArbor Realty TrustPairCorr
0.75ACREAres Commercial RealPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
BLKBEN
AAPLBEN
TMUSBLK
AAPLBLK
BEKECME
WMTPG
  
High negative correlations   
CMEBHR
BEKEBHR
WMTBEKE
PGBEKE
BEKEBEN
CMEBEN

Crown Castle Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Crown Castle stock performing well and Crown Castle company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Crown Castle's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
BEN 1.69  0.18  0.09  0.19  2.00  0.09 (1.71)  3.65 (3.91)  9.71 
BHR 2.83 (0.06) (0.01)  0.02  4.06 (0.0056) (2.87)  5.24 (4.85)  19.27 
BLK 1.66  0.23  0.12  0.20  1.81  0.12 (1.77)  4.12 (2.72)  10.52 
CME 1.10 (0.03)  0.00 (0.02)  0.00 (0.0388)  0.00  2.36 (2.48)  7.80 
AAPL 1.79  0.10  0.05  0.11  2.25  0.06 (1.87)  3.42 (3.86)  8.84 
TMUS 1.12  0.21  0.12  0.29  1.41  0.13 (1.12)  2.66 (2.57)  7.57 
BEKE 4.03  0.49  0.12  0.45  3.85  0.1 (4.81)  7.93 (6.24)  26.70 
PG 1.24 (0.12)  0.00 (0.13)  0.00 (0.08)  0.00  2.29 (2.67)  9.21 
WMT 1.44 (0.24)  0.00 (0.33)  0.00 (0.11)  0.00  2.50 (3.78)  11.76 

Similar Equity Warning - CCI

Crown Castle was forked

The entity Crown Castle with a symbol CCI was recently forked. You can potentially use CITICORP with a symbol CCI1 from now on.

Crown Castle Corporate Directors

Crown Castle corporate directors refer to members of a Crown Castle board of directors. The board of directors generally takes responsibility for the Crown Castle's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Crown Castle's board members must vote for the resolution. The Crown Castle board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Robert McKenzie - Independent DirectorProfile
Edward Hutcheson - Independent DirectorProfile
Robert Garrison - Independent DirectorProfile
Cindy Christy - Independent DirectorProfile

Invested in Crown Castle?

You need to understand the risk of investing before taking a position in Crown Castle. The danger of trading Crown Castle is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Crown Castle is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Crown Castle. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Crown Castle is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Trending Equities. Note that the Crown Castle information on this page should be used as a complementary analysis to other Crown Castle's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

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When running Crown Castle price analysis, check to measure Crown Castle's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Crown Castle is operating at the current time. Most of Crown Castle's value examination focuses on studying past and present price action to predict the probability of Crown Castle's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Crown Castle's price. Additionally, you may evaluate how the addition of Crown Castle to your portfolios can decrease your overall portfolio volatility.
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Is Crown Castle's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Crown Castle. If investors know Crown will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Crown Castle listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.26
Market Capitalization
77.5 B
Quarterly Revenue Growth YOY
0.095
Return On Assets
0.0368
Return On Equity
0.19
The market value of Crown Castle is measured differently than its book value, which is the value of Crown that is recorded on the company's balance sheet. Investors also form their own opinion of Crown Castle's value that differs from its market value or its book value, called intrinsic value, which is Crown Castle's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Crown Castle's market value can be influenced by many factors that don't directly affect Crown Castle's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Crown Castle's value and its price as these two are different measures arrived at by different means. Investors typically determine Crown Castle value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Crown Castle's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.