Diversified Healthcare Correlations

DHC Stock

USD 2.71 0.07 2.65%

The current 90-days correlation between Diversified Healthcare and Global Medical REIT is 0.45 (i.e., Very weak diversification). The correlation of Diversified Healthcare 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.

Diversified Healthcare Correlation With Market

Average diversification

The correlation between Diversified Healthcare Trust and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Diversified Healthcare Trust 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 Diversified Healthcare Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Diversified Stock

0.65	WELL	Welltower Earnings Call This Week	Pair Corr
0.63	DOC	Healthpeak Properties Symbol Change	Pair Corr
0.73	LTC	LTC Properties Earnings Call This Week	Pair Corr
0.72	NHI	National Health Investors	Pair Corr
0.71	OHI	Omega Healthcare Inv	Pair Corr
0.86	UHT	Universal Health Realty	Pair Corr
0.78	VTR	Ventas Inc Earnings Call This Week	Pair Corr
0.71	GMRE	Global Medical REIT	Pair Corr
0.67	SBRA	Sabra Healthcare REIT	Pair Corr
0.63	CTRE	CareTrust REIT	Pair Corr
0.78	O	Realty Income	Pair Corr
0.64	FR	First Industrial Realty	Pair Corr
0.66	KW	Kennedy Wilson Holdings	Pair Corr
0.66	UE	Urban Edge Properties Earnings Call This Week	Pair Corr
0.74	WY	Weyerhaeuser	Pair Corr
0.77	ADC-PA	Agree Realty Earnings Call This Week	Pair Corr
0.65	DOUG	Douglas Elliman	Pair Corr

Moving against Diversified Stock

0.5

MDRR

Medalist Diversified Reit

Pair Corr

Related Correlations Analysis

	GMRE	PEAK	DOC	VTR	NHI	CTRE	UHT	HR	OHI
GMRE		0.0	0.92	0.9	0.82	0.92	0.9	0.85	0.9	GMRE
PEAK	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	PEAK
DOC	0.92	0.0		0.87	0.72	0.86	0.85	0.8	0.86	DOC
VTR	0.9	0.0	0.87		0.86	0.89	0.91	0.77	0.86	VTR
NHI	0.82	0.0	0.72	0.86		0.77	0.82	0.72	0.84	NHI
CTRE	0.92	0.0	0.86	0.89	0.77		0.78	0.78	0.95	CTRE
UHT	0.9	0.0	0.85	0.91	0.82	0.78		0.74	0.8	UHT
HR	0.85	0.0	0.8	0.77	0.72	0.78	0.74		0.81	HR
OHI	0.9	0.0	0.86	0.86	0.84	0.95	0.8	0.81		OHI
	GMRE	PEAK	DOC	VTR	NHI	CTRE	UHT	HR	OHI

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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

OHI	+ 0.95	CTRE
DOC	+ 0.92	GMRE
CTRE	+ 0.92	GMRE
UHT	+ 0.91	VTR
VTR	+ 0.9	GMRE
UHT	+ 0.9	GMRE

High negative correlations

OHI	- 0.0	PEAK
HR	- 0.0	PEAK
UHT	- 0.0	PEAK
CTRE	- 0.0	PEAK
NHI	- 0.0	PEAK
VTR	- 0.0	PEAK

Risk-Adjusted Indicators

There is a big difference between Diversified Stock performing well and Diversified Healthcare 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 Diversified Healthcare'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
GMRE	1.08	(0.19)	(0.51)	1.89	(2.25)	5.89
PEAK	0.00	0.00	0.00	0.00	0.00	0.00
DOC	1.23	(0.24)	(0.46)	1.82	(2.55)	6.80
VTR	1.01	(0.13)	(0.63)	1.85	(2.08)	5.56
NHI	1.05	(0.19)	(0.29)	1.72	(2.79)	7.74
CTRE	1.13	(0.27)	(0.89)	1.89	(2.65)	6.73
UHT	1.14	(0.12)	(0.26)	2.71	(2.44)	6.69
HR	1.23	(0.07)	(0.06)	2.01	(2.71)	9.00
OHI	1.00	(0.16)	(0.64)	1.91	(2.64)	6.62

Diversified Healthcare Corporate Management

Adam Portnoy	Managing Board	Profile
Jennifer Clark	Secretary	Profile
David Blackman	Director Acquisition	Profile
Melissa Mccarthy	Manager Relations	Profile
Richard Siedel	CFO Treasurer	Profile

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