Welltower Correlations

HCW Stock

EUR 161.25 3.35 2.04%

The current 90-days correlation between Welltower and Konoike Transport Co is -0.01 (i.e., Good diversification). The correlation of Welltower 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.

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

Moving together with Welltower Stock

0.7	SBC	Sabra Health Care	Pair Corr
0.68	LTP	LTC Properties	Pair Corr
0.71	WY8	Universal Health Realty	Pair Corr
0.66	T9Q	TOTAL BANGUN PERSAD	Pair Corr
0.91	2BH	HCA Healthcare Earnings Call This Week	Pair Corr
0.67	485	Amcor plc Split	Pair Corr

Moving against Welltower Stock

0.82	I41	INDIKA ENERGY	Pair Corr
0.54	GEG	GEO Group	Pair Corr
0.42	3P51	PARKWAY LIFE REAL	Pair Corr
0.38	I41	INDIKA ENERGY	Pair Corr
0.46	HY9H	SK hynix Earnings Call Tomorrow	Pair Corr
0.31	J5B	Aero Energy Limited Split	Pair Corr
0.66	Y7L	Robosense Technology	Pair Corr
0.52	MCP	Microchip Technology	Pair Corr
0.45	TKY	Tokyo Electron	Pair Corr

Related Correlations Analysis

	FUY	SCG	2KT	MGK	OSP2	SQS	1XV	VTE1
FUY		-0.51	0.85	0.8	-0.71	-0.03	0.79	0.8	FUY
SCG	-0.51		-0.34	-0.59	0.43	-0.28	-0.53	-0.26	SCG
2KT	0.85	-0.34		0.74	-0.7	-0.07	0.72	0.86	2KT
MGK	0.8	-0.59	0.74		-0.78	0.39	0.78	0.62	MGK
OSP2	-0.71	0.43	-0.7	-0.78		-0.15	-0.62	-0.67	OSP2
SQS	-0.03	-0.28	-0.07	0.39	-0.15		0.01	-0.31	SQS
1XV	0.79	-0.53	0.72	0.78	-0.62	0.01		0.64	1XV
VTE1	0.8	-0.26	0.86	0.62	-0.67	-0.31	0.64		VTE1
	FUY	SCG	2KT	MGK	OSP2	SQS	1XV	VTE1

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

VTE1	+ 0.86	2KT
2KT	+ 0.85	FUY
MGK	+ 0.8	FUY
VTE1	+ 0.8	FUY
1XV	+ 0.79	FUY
1XV	+ 0.78	MGK

High negative correlations

OSP2	- 0.78	MGK
OSP2	- 0.71	FUY
OSP2	- 0.7	2KT
VTE1	- 0.67	OSP2
1XV	- 0.62	OSP2
MGK	- 0.59	SCG

Risk-Adjusted Indicators

There is a big difference between Welltower Stock performing well and Welltower 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 Welltower'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
FUY	1.20	0.28	0.12	1.43	1.12	(1.67)	2.63	(1.87)	8.42
SCG	0.49	(0.05)	0.00	1.46	0.00	0.00	2.00	(1.92)	5.89
2KT	1.47	0.58	0.12	(1.87)	1.00	(7.51)	1.83	(0.62)	41.09
MGK	1.97	0.37	0.16	0.71	1.80	(2.46)	5.86	(2.93)	14.35
OSP2	1.49	0.04	0.00	0.05	0.00	0.00	3.95	(3.64)	8.88
SQS	2.25	0.27	0.03	(0.21)	2.95	(2.51)	4.64	(3.73)	22.63
1XV	0.95	0.06	(0.03)	(0.39)	1.16	(1.06)	2.59	(2.05)	8.36
VTE1	1.61	0.18	0.04	2.03	1.55	(2.61)	4.23	(2.90)	16.49

Be your own money manager

Our tools can tell you how much better you can do entering a position in Welltower 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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Welltower Corporate Management

Elected by the shareholders, the Welltower's board of directors comprises two types of representatives: Welltower inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Welltower. The board's role is to monitor Welltower's management team and ensure that shareholders' interests are well served. Welltower's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Welltower's outside directors are responsible for providing unbiased perspectives on the board's policies.

Joshua Fieweger	VP Officer	Profile
Jack Rahner	VP Technology	Profile
Timothy McHugh	Ex CFO	Profile
John Burkart	Ex COO	Profile
Nicholas Rumanes	Head Devel	Profile
Matthew JD	Gen VP	Profile

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