Brookdale Senior Correlations

Stocks . USA . 
Stock . Brookdale Senior Living
BKD Stock  USD 6.02  0.13  2.11%   
The current 90-days correlation between Brookdale Senior Living and The Ensign Group is 0.42 (i.e., Very weak diversification). The correlation of Brookdale Senior 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.

Brookdale Senior Correlation With Market

Weak diversification

The correlation between Brookdale Senior Living and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brookdale Senior Living and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookdale Senior Living. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Brookdale Stock

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Moving against Brookdale Stock

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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   
SEM
+ 0.77
ENSG
SEM
+ 0.68
CYH
SEM
+ 0.47
NHC
NHC
+ 0.42
ENSG
MD
+ 0.42
CYH
CYH
+ 0.33
ENSG
  
High negative correlations   
MD
- 0.32
NHC
MD
- 0.1
ENSG
SEM
- 0.02
MD

Risk-Adjusted Indicators

There is a big difference between Brookdale Stock performing well and Brookdale Senior 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 Brookdale Senior'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.

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