Brookdale Senior Correlations

BKDT Stock   79.69  6.46  8.82%   
The current 90-days correlation between Brookdale Senior Living and Enhabit is 0.23 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

Brookdale Senior Correlation With Market

Modest diversification

The correlation between Brookdale Senior Living and DJI is 0.24 (i.e., Modest 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.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookdale Senior Living. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Brookdale Stock

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Moving against Brookdale Stock

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  0.62ANGO AngioDynamicsPairCorr
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  0.54A Agilent TechnologiesPairCorr
  0.45ACHC Acadia HealthcarePairCorr
  0.44VERV Verve TherapeuticsPairCorr
  0.43WST West PharmaceuticalPairCorr
  0.37ADUS Addus HomeCarePairCorr
  0.32ALHC Alignment Healthcare LLCPairCorr

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   
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High negative correlations   
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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.

Brookdale Senior Corporate Management

Chad WhiteGeneral VPProfile
Richard WiggintonChief OfficerProfile
Todd KaestnerExecutive CCRCsProfile
Jessica HazelVice RelationsProfile
George HicksExecutive TreasurerProfile