Brookdale Senior Correlations

B7S Stock

EUR 5.00 0.08 1.63%

The current 90-days correlation between Brookdale Senior Living and Option Care Health is 0.2 (i.e., Modest diversification). The correlation of Brookdale Senior 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.

Brookdale Senior Correlation With Market

Good diversification

The correlation between Brookdale Senior Living and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brookdale Senior Living and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Brookdale Senior could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brookdale Senior 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 Brookdale Senior - 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 Brookdale Senior Living to buy it.

Moving together with Brookdale Stock

0.72	MM6A	Option Care Health	Pair Corr
0.78	0NR	UNIPHAR PLC EO	Pair Corr
0.79	HX1A	HEXINDO ADIPERKASA	Pair Corr
0.63	I41	INDIKA ENERGY	Pair Corr

Moving against Brookdale Stock

0.75	FME	Fresenius Medical Care	Pair Corr
0.73	TBA	TAMBANG BATUBARA-B-	Pair Corr
0.63	KM6	ADHI KARYA	Pair Corr
0.52	8ZN	JD HEALTH INTL	Pair Corr
0.36	SAB	Sonic Healthcare	Pair Corr
0.81	AF4	Hanover Insurance	Pair Corr
0.76	V71	HUT 8 P	Pair Corr
0.75	UN3	United Natural Foods	Pair Corr
0.71	EV9	Entravision Communications	Pair Corr
0.69	MM3	Merit Medical Systems	Pair Corr
0.67	59M	MSAD INSURANCE	Pair Corr
0.66	NRM	INSURANCE AUST GRP	Pair Corr
0.64	9MD	Meituan Earnings Call This Week	Pair Corr
0.64	9MDA	MEITUAN UNSPADR/2B Earnings Call This Week	Pair Corr
0.6	36E	GFL ENVIRONM	Pair Corr
0.55	013C	JD Inc	Pair Corr
0.49	ZAL	Zalando SE	Pair Corr
0.43	E6Q	GOLD ROAD RES	Pair Corr
0.42	VAR1	Varta AG	Pair Corr
0.36	N3Y	Nine Dragons Paper	Pair Corr
0.78	BN9	Bank of New York Mellon	Pair Corr
0.77	ZFI1	ZURICH INSURANCE	Pair Corr
0.76	CM2	CAL MAINE FOODS	Pair Corr
0.75	UWS	Waste Management	Pair Corr

Related Correlations Analysis

	MM6A	50I	8SP	39O1	INVN	IUI1	INL	VOW	RS6	RRU
MM6A		-0.11	0.86	0.27	-0.7	-0.79	-0.75	0.83	-0.8	-0.54	MM6A
50I	-0.11		0.03	0.65	0.07	-0.07	0.24	0.09	0.11	0.22	50I
8SP	0.86	0.03		0.32	-0.75	-0.84	-0.71	0.8	-0.8	-0.57	8SP
39O1	0.27	0.65	0.32		-0.05	-0.31	0.1	0.35	-0.1	0.32	39O1
INVN	-0.7	0.07	-0.75	-0.05		0.85	0.79	-0.76	0.86	0.73	INVN
IUI1	-0.79	-0.07	-0.84	-0.31	0.85		0.75	-0.85	0.9	0.59	IUI1
INL	-0.75	0.24	-0.71	0.1	0.79	0.75		-0.71	0.89	0.79	INL
VOW	0.83	0.09	0.8	0.35	-0.76	-0.85	-0.71		-0.83	-0.57	VOW
RS6	-0.8	0.11	-0.8	-0.1	0.86	0.9	0.89	-0.83		0.67	RS6
RRU	-0.54	0.22	-0.57	0.32	0.73	0.59	0.79	-0.57	0.67		RRU
	MM6A	50I	8SP	39O1	INVN	IUI1	INL	VOW	RS6	RRU

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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

RS6	+ 0.9	IUI1
RS6	+ 0.89	INL
8SP	+ 0.86	MM6A
RS6	+ 0.86	INVN
IUI1	+ 0.85	INVN
VOW	+ 0.83	MM6A

High negative correlations

VOW	- 0.85	IUI1
IUI1	- 0.84	8SP
RS6	- 0.83	VOW
RS6	- 0.8	8SP
RS6	- 0.8	MM6A
IUI1	- 0.79	MM6A

Risk-Adjusted Indicators

There is a big difference between Brookdale Stock performing well and Brookdale Senior 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 Brookdale Senior'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
MM6A	1.75	(0.39)	0.00	(1.73)	0.00	0.00	3.05	(2.86)	25.29
50I	4.34	0.05	0.00	0.03	0.00	0.00	10.55	(9.41)	39.67
8SP	2.10	(0.13)	0.00	1.09	0.00	0.00	3.38	(4.74)	20.22
39O1	3.77	0.20	0.04	0.41	3.51	(5.27)	8.41	(5.38)	34.42
INVN	2.16	0.13	0.04	0.28	2.54	(2.55)	5.61	(4.98)	14.01
IUI1	1.26	0.26	0.14	0.90	1.05	(1.49)	3.28	(1.96)	10.01
INL	2.51	0.18	0.10	0.23	2.27	(3.34)	6.80	(3.69)	13.89
VOW	1.22	(0.32)	0.00	14.65	0.00	0.00	2.12	(2.99)	9.42
RS6	1.39	0.28	0.11	1.58	1.38	(1.61)	2.94	(2.17)	13.51
RRU	1.69	0.04	0.03	0.15	1.96	(1.84)	3.66	(4.31)	10.56

Be your own money manager

Our tools can tell you how much better you can do entering a position in Brookdale Senior without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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