Equinix Correlations

Stocks . USA . 
Stock . Equinix
EQIX Stock  USD 876.88  0.66  0.08%   
The current 90-days correlation between Equinix and Crown Castle is 0.4 (i.e., Very weak diversification). The correlation of Equinix 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.

Equinix Correlation With Market

Very weak diversification

The correlation between Equinix and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equinix and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equinix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy Equinix Stock please use our How to Invest in Equinix guide.

Moving together with Equinix Stock

  0.82O Realty IncomePairCorr
  0.72FR First Industrial RealtyPairCorr
  0.8HR Healthcare Realty TrustPairCorr
  0.86UE Urban Edge PropertiesPairCorr
  0.78WY Weyerhaeuser Fiscal Year End 23rd of January 2025 PairCorr
  0.82VICI VICI PropertiesPairCorr
  0.84ELME Elme CommunitiesPairCorr
  0.89EPRT Essential PropertiesPairCorr
  0.89WELL WelltowerPairCorr
  0.61ESRT Empire State RealtyPairCorr
  0.86FCPT Four Corners PropertyPairCorr
  0.78AAT American Assets TrustPairCorr
  0.82ADC Agree RealtyPairCorr
  0.93AHR American Healthcare REIT,PairCorr
  0.85AKR Acadia Realty TrustPairCorr
  0.73AMH American Homes 4PairCorr
  0.78AMT American Tower CorpPairCorr
  0.88AVB AvalonBay CommunitiesPairCorr
  0.82BDN Brandywine Realty TrustPairCorr
  0.82BFS Saul CentersPairCorr
  0.83BNL Broadstone Net LeasePairCorr
  0.86BRX Brixmor PropertyPairCorr
  0.91BXP Boston PropertiesPairCorr
  0.84CCI Crown Castle Fiscal Year End 22nd of January 2025 PairCorr
  0.84CDP COPT Defense PropertiesPairCorr

Moving against Equinix Stock

  0.75AHT Ashford Hospitality TrustPairCorr
  0.49WHLR Wheeler Real EstatePairCorr
  0.32FPI Farmland PartnersPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

Equinix Corporate Management

Justin DustzadehChief OfficerProfile
Brandi MorandiChief legal officer, general counsel and secretaryProfile
Scott CrenshawExecutive ServicesProfile
Michael CampbellChief OfficerProfile
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