Universal Health Correlations

UHT Stock

USD 40.65 0.48 1.19%

The current 90-days correlation between Universal Health Realty and Community Healthcare Trust is 0.29 (i.e., Modest diversification). The correlation of Universal Health 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Universal Health Correlation With Market

Weak diversification

The correlation between Universal Health Realty and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Universal Health Realty and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Universal Health Realty. 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 Universal Stock

0.67	HPP	Hudson Pacific Properties Downward Rally	Pair Corr
0.8	FR	First Industrial Realty	Pair Corr
0.71	RC	Ready Capital Corp	Pair Corr
0.71	UK	Ucommune International	Pair Corr
0.78	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.78	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.73	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.66	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.83	AHT-PG	Ashford Hospitality Trust Downward Rally	Pair Corr

Moving against Universal Stock

0.76	SITC	Site Centers Corp	Pair Corr
0.57	SKT	Tanger Factory Outlet	Pair Corr
0.56	UE	Urban Edge Properties Sell-off Trend	Pair Corr
0.56	SPG	Simon Property Group	Pair Corr
0.48	KIM	Kimco Realty	Pair Corr
0.45	IVT	Inventrust Properties	Pair Corr
0.38	ROIC	Retail Opportunity	Pair Corr
0.36	AHR	American Healthcare REIT,	Pair Corr
0.34	BRX	Brixmor Property	Pair Corr
0.57	CDR-PC	Cedar Realty Trust	Pair Corr
0.53	MITT-PC	AG Mortgage Investment	Pair Corr
0.52	WELL	Welltower	Pair Corr
0.47	EQIX	Equinix	Pair Corr
0.44	EMITF	Elbit Imaging	Pair Corr
0.43	MITT-PB	AG Mortgage Investment	Pair Corr
0.41	CDR-PB	Cedar Realty Trust	Pair Corr
0.38	MITT-PA	AG Mortgage Investment	Pair Corr

Related Correlations Analysis

	HR	DOC	SBRA	CHCT	CTRE	GMRE	PEAK	VTR	NHI
HR		0.34	0.2	-0.2	0.06	0.36	-0.09	0.39	0.44	HR
DOC	0.34		0.32	0.02	0.29	0.44	-0.54	0.35	0.12	DOC
SBRA	0.2	0.32		0.06	0.84	0.19	-0.31	0.86	0.05	SBRA
CHCT	-0.2	0.02	0.06		0.04	-0.48	0.23	-0.16	-0.35	CHCT
CTRE	0.06	0.29	0.84	0.04		0.16	-0.34	0.8	-0.06	CTRE
GMRE	0.36	0.44	0.19	-0.48	0.16		-0.61	0.15	0.53	GMRE
PEAK	-0.09	-0.54	-0.31	0.23	-0.34	-0.61		-0.25	-0.04	PEAK
VTR	0.39	0.35	0.86	-0.16	0.8	0.15	-0.25		0.01	VTR
NHI	0.44	0.12	0.05	-0.35	-0.06	0.53	-0.04	0.01		NHI
	HR	DOC	SBRA	CHCT	CTRE	GMRE	PEAK	VTR	NHI

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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

VTR	+ 0.86	SBRA
CTRE	+ 0.84	SBRA
VTR	+ 0.8	CTRE
NHI	+ 0.53	GMRE
NHI	+ 0.44	HR
GMRE	+ 0.44	DOC

High negative correlations

PEAK	- 0.61	GMRE
PEAK	- 0.54	DOC
GMRE	- 0.48	CHCT
NHI	- 0.35	CHCT
PEAK	- 0.34	CTRE
PEAK	- 0.31	SBRA

Risk-Adjusted Indicators

There is a big difference between Universal Stock performing well and Universal Health 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 Universal Health'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
HR	1.01	0.05	(0.03)	1.83	1.27	(1.05)	2.00	(2.46)	4.90
DOC	1.08	(0.01)	(0.07)	0.03	1.32	(1.10)	2.36	(2.08)	6.16
SBRA	1.23	0.22	0.07	(5.37)	1.51	(1.26)	2.54	(2.50)	8.78
CHCT	1.72	(0.03)	(0.03)	0.04	2.13	(1.99)	4.99	(2.35)	10.50
CTRE	0.99	0.15	0.01	(0.31)	1.26	(1.08)	2.06	(1.45)	7.20
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
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

Universal Health Corporate Management

Genevieve Owsiany	VP Controller	Profile
Robert McCadden	Lead Independent Trustee	Profile
Gayle Capozzalo	Independent Trustee	Profile
Marc Miller	Trustee	Profile
Karla Peterson	Vice Development	Profile

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