HealthCare Correlations
| HLTC Stock | USD 8.02 6.18 335.87% |
The current 90-days correlation between HealthCare and LTC Properties is 0.02 (i.e., Significant diversification). The correlation of 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.
HealthCare Correlation With Market
Significant diversification
The correlation between HealthCare and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HealthCare and DJI in the same portfolio, assuming nothing else is changed.
HealthCare |
The ability to find closely correlated positions to HealthCare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HealthCare 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 HealthCare - 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 HealthCare to buy it.
Moving against HealthCare Pink Sheet
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| 0.34 | WELL | Welltower | PairCorr |
| 0.62 | BX | Blackstone Group Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.55 | BFH | Bread Financial Holdings Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.52 | ACM | Aecom Technology | PairCorr |
| 0.51 | LENZ | LENZ Therapeutics Symbol Change | PairCorr |
| 0.5 | NXGL | Nexgel Inc | PairCorr |
| 0.48 | TSLA | Tesla Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.42 | TLN | Talen Energy | PairCorr |
| 0.42 | ATHA | Athira Pharma | PairCorr |
| 0.39 | STEV | Stevia Corp | PairCorr |
| 0.36 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.61 | NET | Cloudflare | PairCorr |
| 0.58 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.55 | BBAR | BBVA Banco Frances | PairCorr |
| 0.53 | MFG | Mizuho Financial | PairCorr |
| 0.52 | ALK | Alaska Air Group Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.51 | FYGGY | Fuyao Glass Industry | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between HealthCare Pink Sheet performing well and 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 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OHI | 0.84 | (0.11) | 0.00 | (0.58) | 0.00 | 1.70 | 6.36 | |||
| LTC | 0.96 | (0.09) | 0.00 | (2.46) | 0.00 | 1.81 | 8.96 | |||
| DOC | 1.17 | (0.18) | 0.00 | (0.79) | 0.00 | 2.04 | 7.34 | |||
| GMRE | 0.96 | (0.37) | 0.00 | (4.49) | 0.00 | 1.41 | 5.89 | |||
| SBRA | 1.19 | (0.12) | 0.00 | (11.35) | 0.00 | 1.74 | 8.78 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in HealthCare 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.Did you try this?
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HealthCare Corporate Management
| Angie Ehlers | VP Marketing | Profile | |
| John Rimbach | Pres Facilities | Profile | |
| Scott Lappetito | S CFO | Profile | |
| Edward Weil | Pres CEO | Profile | |
| Louisa Quarto | Ex VP | Profile | |
| Patrick Collins | Chief Officer | Profile | |
| David Ruggiero | VP Acquisitions | Profile |