Welltower Correlations

WELL Stock

USD 137.91 0.03 0.02%

The current 90-days correlation between Welltower and Ventas Inc is 0.8 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Welltower moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Welltower moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Welltower Correlation With Market

Good diversification

The correlation between Welltower and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Welltower and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Welltower. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Welltower Stock please use our How to buy in Welltower Stock guide.

Moving together with Welltower Stock

0.91	UE	Urban Edge Properties	Pair Corr
0.72	ADC	Agree Realty	Pair Corr
0.83	AHR	American Healthcare REIT,	Pair Corr
0.81	BRX	Brixmor Property	Pair Corr
0.65	GTY	Getty Realty	Pair Corr
0.79	IVT	Inventrust Properties	Pair Corr
0.89	KIM	Kimco Realty	Pair Corr
0.78	KRG	Kite Realty Group	Pair Corr
0.67	REG	Regency Centers	Pair Corr
0.85	SKT	Tanger Factory Outlet	Pair Corr
0.82	SPG	Simon Property Group	Pair Corr
0.77	ROIC	Retail Opportunity Sell-off Trend	Pair Corr
0.62	VNO-PN	Vornado Realty Trust	Pair Corr

Moving against Welltower Stock

0.78	HPP	Hudson Pacific Properties Buyout Trend	Pair Corr
0.74	FR	First Industrial Realty	Pair Corr
0.7	RC	Ready Capital Corp	Pair Corr
0.68	UK	Ucommune International	Pair Corr
0.61	NNN	National Retail Prop Sell-off Trend	Pair Corr
0.57	O	Realty Income	Pair Corr
0.57	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.43	JBGS	JBG SMITH Properties	Pair Corr
0.4	PW	Power REIT	Pair Corr
0.74	VTMX	Corporacin Inmobiliaria	Pair Corr
0.71	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.64	VINO	Gaucho Group Holdings	Pair Corr
0.53	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.51	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.5	VICI	VICI Properties	Pair Corr
0.42	EARN	Ellington Residential Normal Trading	Pair Corr
0.41	ECRO	Ecc Cap Corp	Pair Corr
0.41	ELME	Elme Communities	Pair Corr

Related Correlations Analysis

	PEAK	HR	SBRA	NHI	GMRE	DOC	VTR	CTRE	CHCT
PEAK		0.01	-0.3	-0.05	-0.54	-0.54	-0.23	-0.43	0.17	PEAK
HR	0.01		0.17	0.43	0.37	0.33	0.37	0.02	-0.19	HR
SBRA	-0.3	0.17		-0.01	0.16	0.3	0.84	0.82	0.11	SBRA
NHI	-0.05	0.43	-0.01		0.53	0.11	-0.05	-0.12	-0.34	NHI
GMRE	-0.54	0.37	0.16	0.53		0.44	0.13	0.15	-0.48	GMRE
DOC	-0.54	0.33	0.3	0.11	0.44		0.33	0.27	0.02	DOC
VTR	-0.23	0.37	0.84	-0.05	0.13	0.33		0.77	-0.12	VTR
CTRE	-0.43	0.02	0.82	-0.12	0.15	0.27	0.77		0.08	CTRE
CHCT	0.17	-0.19	0.11	-0.34	-0.48	0.02	-0.12	0.08		CHCT
	PEAK	HR	SBRA	NHI	GMRE	DOC	VTR	CTRE	CHCT

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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	+ 0.84	SBRA
CTRE	+ 0.82	SBRA
CTRE	+ 0.77	VTR
GMRE	+ 0.53	NHI
DOC	+ 0.44	GMRE
NHI	+ 0.43	HR

High negative correlations

DOC	- 0.54	PEAK
GMRE	- 0.54	PEAK
CHCT	- 0.48	GMRE
CTRE	- 0.43	PEAK
CHCT	- 0.34	NHI
SBRA	- 0.3	PEAK

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
PEAK	1.20	0.10	(0.03)	(0.43)	1.41	(1.22)	2.88	(2.16)	6.74
HR	1.06	0.02	(0.07)	(0.42)	1.39	(1.05)	2.00	(2.54)	4.90
SBRA	1.23	0.23	0.06	(4.88)	1.53	(1.24)	2.54	(2.50)	8.78
NHI	1.09	0.00	(0.06)	0.12	1.28	(1.13)	2.38	(2.29)	6.32
GMRE	0.99	(0.10)	0.00	(0.13)	0.00	0.00	1.78	(2.36)	6.41
DOC	1.07	(0.04)	0.00	(0.07)	0.00	0.00	2.36	(2.08)	6.16
VTR	0.87	0.14	(0.01)	(0.60)	1.04	(0.89)	1.99	(1.80)	5.92
CTRE	1.00	0.13	(0.02)	(0.22)	1.29	(1.10)	2.06	(1.45)	7.20
CHCT	1.72	(0.04)	(0.05)	0.04	2.10	(2.06)	4.99	(2.35)	10.50

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