Welltower Correlations

WELL Stock

USD 187.86 0.16 0.09%

The current 90-days correlation between Welltower and Prologis is 0.39 (i.e., Weak 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

Significant diversification

The correlation between Welltower and DJI is 0.08 (i.e., Significant 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.

Build AI portfolio with Welltower Stock

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 board of governors.

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

Moving together with Welltower Stock

0.69	FR	First Industrial Realty	Pair Corr
0.78	PRSR	PRS Reit PLC	Pair Corr
0.61	SGRO	Segro Plc	Pair Corr
0.63	EPRT	Essential Properties	Pair Corr
0.94	AHR	American Healthcare REIT,	Pair Corr
0.73	DHC	Diversified Healthcare	Pair Corr
0.64	EGP	EastGroup Properties	Pair Corr

Moving against Welltower Stock

0.79	ARE	Alexandria Real Estate	Pair Corr
0.73	FISK	Empire State Realty	Pair Corr
0.73	CIO	City Office	Pair Corr
0.72	BEI-UN	Boardwalk Real Estate	Pair Corr
0.72	DEI	Douglas Emmett	Pair Corr
0.69	CUZ	Cousins Properties	Pair Corr
0.68	CAR-UN	Canadian Apartment	Pair Corr
0.64	ESRT	Empire State Realty	Pair Corr
0.61	IIP-UN	InterRent Real Estate	Pair Corr
0.61	BDN	Brandywine Realty Trust	Pair Corr
0.56	ESBA	Empire State Realty	Pair Corr
0.51	BNL	Broadstone Net Lease	Pair Corr
0.5	AHH	Armada Hflr Pr	Pair Corr
0.49	AAT	American Assets Trust	Pair Corr
0.4	BXP	Boston Properties	Pair Corr
0.33	GDI	GDI Property Group	Pair Corr
0.84	SVC	Service Properties Trust	Pair Corr
0.83	FSP	Franklin Street Prop	Pair Corr
0.8	SLG	SL Green Realty	Pair Corr
0.76	VNO	Vornado Realty Trust	Pair Corr
0.74	KCR	KCR Residential Reit	Pair Corr
0.73	HPP	Hudson Pacific Properties	Pair Corr
0.55	HOT-U	American Hotel Income	Pair Corr
0.43	DOC	Healthpeak Properties	Pair Corr
0.37	APR-UN	Automotive Properties	Pair Corr
0.35	OLP	One Liberty Properties	Pair Corr

Related Correlations Analysis

	PLD	EQIX	VTR	AMT	GMRE	LTC	NHI	UHT	DLR
PLD		-0.31	0.77	-0.61	0.47	-0.01	0.2	0.57	-0.62	PLD
EQIX	-0.31		-0.67	0.44	-0.62	-0.17	-0.7	-0.78	0.73	EQIX
VTR	0.77	-0.67		-0.79	0.49	0.21	0.52	0.82	-0.85	VTR
AMT	-0.61	0.44	-0.79		-0.28	0.15	-0.14	-0.6	0.75	AMT
GMRE	0.47	-0.62	0.49	-0.28		-0.02	0.49	0.76	-0.64	GMRE
LTC	-0.01	-0.17	0.21	0.15	-0.02		0.71	0.28	-0.02	LTC
NHI	0.2	-0.7	0.52	-0.14	0.49	0.71		0.71	-0.45	NHI
UHT	0.57	-0.78	0.82	-0.6	0.76	0.28	0.71		-0.85	UHT
DLR	-0.62	0.73	-0.85	0.75	-0.64	-0.02	-0.45	-0.85		DLR
	PLD	EQIX	VTR	AMT	GMRE	LTC	NHI	UHT	DLR

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

UHT	+ 0.82	VTR
VTR	+ 0.77	PLD
UHT	+ 0.76	GMRE
DLR	+ 0.75	AMT
DLR	+ 0.73	EQIX
NHI	+ 0.71	LTC

High negative correlations

DLR	- 0.85	UHT
DLR	- 0.85	VTR
AMT	- 0.79	VTR
UHT	- 0.78	EQIX
NHI	- 0.7	EQIX
VTR	- 0.67	EQIX

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
PLD	0.85	0.15	0.12	0.29	0.80	(0.94)	2.40	(1.32)	8.66
EQIX	1.00	(0.09)	0.00	(0.07)	0.00	0.00	2.10	(2.25)	7.72
VTR	0.82	0.25	0.16	(1.47)	0.72	(0.94)	1.54	(1.23)	9.41
AMT	0.90	(0.15)	0.00	(0.47)	0.00	0.00	1.89	(2.35)	5.58
GMRE	1.25	0.04	(0.01)	0.23	1.44	(1.41)	3.49	(2.75)	9.05
LTC	0.75	(0.06)	0.00	2.31	0.00	0.00	1.43	(1.61)	4.14
NHI	0.90	(0.02)	0.00	0.33	0.00	0.00	1.98	(1.81)	4.51
UHT	1.06	0.03	(0.02)	0.25	1.39	(1.00)	2.05	(2.28)	6.30
DLR	1.15	(0.20)	0.00	(0.20)	0.00	0.00	2.16	(3.27)	6.20

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