Diversified Healthcare Correlations

DHC Stock

USD 2.41 0.03 1.23%

The current 90-days correlation between Diversified Healthcare and Global Medical REIT is 0.36 (i.e., 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

Modest diversification

The correlation between Diversified Healthcare Trust and DJI is 0.2 (i.e., Modest 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

0.8	O	Realty Income	Pair Corr
0.82	NNN	National Retail Prop Sell-off Trend	Pair Corr
0.75	JBGS	JBG SMITH Properties	Pair Corr
0.65	WY	Weyerhaeuser Sell-off Trend	Pair Corr
0.74	ADC-PA	Agree Realty	Pair Corr

Moving against Diversified Stock

0.72	ROIC	Retail Opportunity	Pair Corr
0.7	KIM	Kimco Realty	Pair Corr
0.69	IVT	Inventrust Properties	Pair Corr
0.67	BRX	Brixmor Property	Pair Corr
0.63	UE	Urban Edge Properties	Pair Corr
0.62	KRG	Kite Realty Group	Pair Corr
0.57	REG	Regency Centers	Pair Corr
0.56	SPG	Simon Property Group	Pair Corr
0.51	SKT	Tanger Factory Outlet	Pair Corr
0.41	ADC	Agree Realty	Pair Corr
0.39	RLJ	RLJ Lodging Trust	Pair Corr
0.57	EMITF	Elbit Imaging	Pair Corr
0.56	WELL	Welltower	Pair Corr
0.43	DOUG	Douglas Elliman	Pair Corr
0.35	MITT-PC	AG Mortgage Investment	Pair Corr
0.33	EQIX	Equinix	Pair Corr

Related Correlations Analysis

	GMRE	PEAK	DOC	VTR	NHI	CTRE	UHT	HR	OHI
GMRE		-0.61	0.44	0.15	0.53	0.16	0.68	0.36	0.09	GMRE
PEAK	-0.61		-0.54	-0.25	-0.04	-0.34	-0.15	-0.09	-0.34	PEAK
DOC	0.44	-0.54		0.35	0.12	0.29	0.23	0.34	0.45	DOC
VTR	0.15	-0.25	0.35		0.01	0.8	-0.24	0.39	0.88	VTR
NHI	0.53	-0.04	0.12	0.01		-0.06	0.84	0.44	-0.1	NHI
CTRE	0.16	-0.34	0.29	0.8	-0.06		-0.35	0.06	0.84	CTRE
UHT	0.68	-0.15	0.23	-0.24	0.84	-0.35		0.5	-0.29	UHT
HR	0.36	-0.09	0.34	0.39	0.44	0.06	0.5		0.27	HR
OHI	0.09	-0.34	0.45	0.88	-0.1	0.84	-0.29	0.27		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	+ 0.88	VTR
UHT	+ 0.84	NHI
OHI	+ 0.84	CTRE
CTRE	+ 0.8	VTR
UHT	+ 0.68	GMRE
NHI	+ 0.53	GMRE

High negative correlations

PEAK	- 0.61	GMRE
DOC	- 0.54	PEAK
UHT	- 0.35	CTRE
OHI	- 0.34	PEAK
CTRE	- 0.34	PEAK
OHI	- 0.29	UHT

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GMRE	1.01	(0.11)	0.00	(0.14)	0.00	0.00	1.78	(2.36)	6.41
PEAK	1.20	0.04	(0.02)	0.24	1.41	(1.22)	2.88	(2.16)	6.74
DOC	1.08	(0.01)	(0.07)	0.03	1.32	(1.10)	2.36	(2.08)	6.16
VTR	0.86	0.16	0.04	(0.83)	0.99	(0.89)	1.99	(1.80)	5.92
NHI	1.09	0.01	(0.04)	0.15	1.30	(1.11)	2.38	(2.29)	6.32
CTRE	0.99	0.15	0.01	(0.31)	1.26	(1.08)	2.06	(1.45)	7.20
UHT	1.08	(0.14)	0.00	(0.14)	0.00	0.00	2.24	(1.93)	6.11
HR	1.01	0.05	(0.03)	1.83	1.27	(1.05)	2.00	(2.46)	4.90
OHI	0.84	0.12	0.00	(0.41)	1.04	(0.81)	1.70	(1.97)	5.15

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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