| RC Stock | | | USD 7.39 0.14 1.93% |
The current 90-days correlation between Ready Capital Corp and Omega Healthcare Investors is 0.08 (i.e., Significant diversification). The correlation of Ready Capital 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.
Ready Capital Correlation With Market
Very weak diversification
The correlation between Ready Capital Corp and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ready Capital Corp and DJI in the same portfolio, assuming nothing else is changed.
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