Omega Healthcare Correlations

Stocks . Germany . 
Stock . Omega Healthcare Investors
WX4 Stock  EUR 36.30  0.69  1.87%   
The current 90-days correlation between Omega Healthcare Inv and Sunny Optical Technology is -0.01 (i.e., Good diversification). The correlation of Omega Healthcare 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.

Omega Healthcare Correlation With Market

Significant diversification

The correlation between Omega Healthcare Investors and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Omega Healthcare Investors and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Omega Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Omega Healthcare when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Omega Healthcare - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Omega Healthcare Investors to buy it.

Moving together with Omega Stock

  0.73HC5 Healthpeak PropertiesPairCorr
  0.82SBC Sabra Health CarePairCorr
  0.69WX6 National Health InvestorsPairCorr
  0.62HYU Hyundai Motor Earnings Call This WeekPairCorr

Moving against Omega Stock

  0.536GAA Grupo Aval AccionesPairCorr
  0.526GAA Grupo Aval AccionesPairCorr
  0.49ECHA Ecopetrol SAPairCorr
  0.47ECHA Ecopetrol SAPairCorr
  0.42SXV Xinhua Winshare PublPairCorr
  0.38MFZA Mitsubishi UFJ FinancialPairCorr
  0.581NX SANOK RUBBER ZYPairCorr
  0.48BSX Boston ScientificPairCorr
  0.47SIA1 Singapore AirlinesPairCorr
  0.46E6Q GOLD ROAD RESPairCorr
  0.4A2X AAC TECHNOLOGHLDGADRPairCorr
  0.36ISW Information ServicesPairCorr
  0.33SUI Sekisui Chemical Earnings Call This WeekPairCorr
  0.63ESY Easy Software AGPairCorr
  0.479FM COVIVIO HOTELS INHPairCorr
  0.44UF2 Sunstone Hotel InvestorsPairCorr
  0.44HSG The HongkongPairCorr

Related Correlations Analysis

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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   
DGD
+ 0.83
CAC1
DGD
+ 0.81
SXC
PYA
+ 0.8
SXC
CAC1
+ 0.79
SXC
US8
+ 0.79
FJZ
PYA
+ 0.7
2XT
  
High negative correlations   
US8
- 0.76
SXC
PYA
- 0.75
US8
PYA
- 0.73
FJZ
FJZ
- 0.7
SXC
US8
- 0.57
2XT
DGD
- 0.45
US8

Risk-Adjusted Indicators

There is a big difference between Omega Stock performing well and Omega Healthcare 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 Omega Healthcare'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Omega Healthcare without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Omega Healthcare Corporate Management

Elected by the shareholders, the Omega Healthcare's board of directors comprises two types of representatives: Omega Healthcare inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Omega. The board's role is to monitor Omega Healthcare's management team and ensure that shareholders' interests are well served. Omega Healthcare's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Omega Healthcare's outside directors are responsible for providing unbiased perspectives on the board's policies.
Samuel KovitzSr VPProfile
Taylor CPACEO DirectorProfile
Daniel BoothS COOProfile
Megan KrullVP OperationsProfile
Michele ReberDirector ManagementProfile
Robert StephensonTreasurer CFOProfile
Matthew GourmandSr RelationsProfile
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