Brookdale Senior Correlations

Stocks . USA . 
Stock . Brookdale Senior Living
BKDT Stock   68.67  0.17  0.25%   
The current 90-days correlation between Brookdale Senior Living and Enhabit is 0.07 (i.e., Significant 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

Good diversification

The correlation between Brookdale Senior Living and DJI is -0.07 (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.
  
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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  0.75VMD Viemed HealthcarePairCorr
  0.66GCTK GlucoTrackPairCorr
  0.62INNV InnovAge Holding Corp Earnings Call This WeekPairCorr
  0.61JYNT Joint CorpPairCorr
  0.63NEOG NeogenPairCorr
  0.61FLGC Flora Growth CorpPairCorr

Moving against Brookdale Stock

  0.67LNSR LENSAR IncPairCorr
  0.65AHG Akso Health GroupPairCorr
  0.54MBOT Microbot MedicalPairCorr
  0.5XYLO Xylo Technologies Symbol ChangePairCorr
  0.43ATEC Alphatec HoldingsPairCorr
  0.4SSY SunLink Health SystemsPairCorr
  0.33ADUS Addus HomeCarePairCorr
  0.6ALTS ALT5 Sigma Symbol ChangePairCorr
  0.58TNDM Tandem Diabetes CarePairCorr
  0.55MLAB Mesa Laboratories Earnings Call This WeekPairCorr

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   
BNOX
+ 0.36
EHAB
ACRV
+ 0.0
EHAB
BDXB
+ 0.0
EHAB
BDXB
+ 0.0
GRNT
BDXB
+ 0.0
ACRV
BNOX
+ 0.0
BDXB
  
High negative correlations   
ACRV
- 0.29
GRNT
BNOX
- 0.12
ACRV
BNOX
- 0.12
GRNT
GRNT
- 0.11
EHAB
BNOX
- 0.0
BDXB
BDXB
- 0.0
ACRV

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
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