Ventas Correlations

VTR Stock

USD 60.16 0.56 0.94%

The current 90-days correlation between Ventas Inc and PEAK Old is -0.02 (i.e., Good diversification). The correlation of Ventas 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.

Ventas Correlation With Market

Average diversification

The correlation between Ventas Inc and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ventas Inc 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 Ventas Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Ventas Stock

0.91	ARE	Alexandria Real Estate	Pair Corr
0.85	BXP	Boston Properties	Pair Corr
0.65	CUZ	Cousins Properties Earnings Call This Week	Pair Corr
0.85	HIW	Highwoods Properties Earnings Call This Week	Pair Corr
0.88	HPP	Hudson Pacific Properties Buyout Trend	Pair Corr
0.85	PDM	Piedmont Office Realty Earnings Call This Week	Pair Corr
0.85	SLG	SL Green Realty	Pair Corr
0.9	O	Realty Income	Pair Corr
0.79	FR	First Industrial Realty Earnings Call This Week	Pair Corr
0.68	HR	Healthcare Realty Trust	Pair Corr
0.75	KW	Kennedy Wilson Holdings	Pair Corr
0.73	UE	Urban Edge Properties	Pair Corr
0.83	WY	Weyerhaeuser	Pair Corr
0.72	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.64	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.81	ADC-PA	Agree Realty	Pair Corr
0.68	VNO-PO	Vornado Realty Trust	Pair Corr

Moving against Ventas Stock

0.83	SHO	Sunstone Hotel Investors	Pair Corr
0.71	INN	Summit Hotel Properties	Pair Corr
0.59	DX	Dynex Capital	Pair Corr
0.58	RLJ	RLJ Lodging Trust	Pair Corr
0.46	PEB	Pebblebrook Hotel Trust Sell-off Trend	Pair Corr
0.8	MITT-PC	AG Mortgage Investment	Pair Corr
0.48	CDR-PC	Cedar Realty Trust	Pair Corr

Related Correlations Analysis

	PEAK	HR	DOC	UHT	GMRE	NHI	OHI	SBRA	CTRE
PEAK		-0.29	0.12	0.13	0.15	0.05	-0.05	-0.05	0.09	PEAK
HR	-0.29		0.67	0.78	0.64	0.71	0.68	0.72	0.59	HR
DOC	0.12	0.67		0.86	0.95	0.89	0.9	0.92	0.87	DOC
UHT	0.13	0.78	0.86		0.82	0.89	0.78	0.83	0.73	UHT
GMRE	0.15	0.64	0.95	0.82		0.87	0.91	0.9	0.92	GMRE
NHI	0.05	0.71	0.89	0.89	0.87		0.92	0.96	0.91	NHI
OHI	-0.05	0.68	0.9	0.78	0.91	0.92		0.97	0.96	OHI
SBRA	-0.05	0.72	0.92	0.83	0.9	0.96	0.97		0.93	SBRA
CTRE	0.09	0.59	0.87	0.73	0.92	0.91	0.96	0.93		CTRE
	PEAK	HR	DOC	UHT	GMRE	NHI	OHI	SBRA	CTRE

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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

SBRA	+ 0.97	OHI
SBRA	+ 0.96	NHI
CTRE	+ 0.96	OHI
GMRE	+ 0.95	DOC
CTRE	+ 0.93	SBRA
SBRA	+ 0.92	DOC

High negative correlations

HR	- 0.29	PEAK
SBRA	- 0.05	PEAK
OHI	- 0.05	PEAK

Risk-Adjusted Indicators

There is a big difference between Ventas Stock performing well and Ventas 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 Ventas' 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	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PEAK	1.20	0.09	(0.35)	1.41	(1.22)	2.88	(2.16)	6.74
HR	1.33	(0.13)	(0.27)	0.00	0.00	2.01	(2.81)	9.00
DOC	1.27	(0.23)	(0.30)	0.00	0.00	1.87	(2.70)	6.80
UHT	1.19	(0.12)	(0.15)	0.00	0.00	2.71	(2.44)	6.69
GMRE	1.13	(0.26)	(0.73)	0.00	0.00	1.89	(2.54)	5.89
NHI	1.10	(0.20)	(0.44)	0.00	0.00	1.88	(2.79)	7.74
OHI	1.04	(0.22)	(0.47)	0.00	0.00	1.70	(2.66)	6.36
SBRA	1.39	(0.20)	(0.46)	0.00	0.00	2.26	(3.65)	8.78
CTRE	1.26	(0.24)	(1.03)	0.00	0.00	2.67	(3.53)	8.05

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