Diversified Healthcare Correlations

DHC Stock

USD 2.61 0.06 2.35%

The current 90-days correlation between Diversified Healthcare and Healthcare Realty Trust is -0.02 (i.e., Good diversification). The correlation of Diversified 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.

Diversified Healthcare Correlation With Market

Average diversification

The correlation between Diversified Healthcare Trust and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Diversified Healthcare Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diversified Healthcare Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Diversified Stock

0.66	EGP	EastGroup Properties	Pair Corr
0.68	HPP	Hudson Pacific Properties	Pair Corr
0.82	OPI	Office Properties Income	Pair Corr
0.84	HASI	Hannon Armstrong Sus	Pair Corr
0.75	JBGS	JBG SMITH Properties	Pair Corr
0.82	O	Realty Income	Pair Corr
0.63	WY	Weyerhaeuser Fiscal Year End 23rd of January 2025	Pair Corr
0.76	ADC-PA	Agree Realty	Pair Corr

Moving against Diversified Stock

0.73	KRG	Kite Realty Group	Pair Corr
0.72	UE	Urban Edge Properties	Pair Corr
0.67	SPG	Simon Property Group	Pair Corr
0.55	SLG	SL Green Realty Fiscal Year End 22nd of January 2025	Pair Corr
0.49	EQIX	Equinix	Pair Corr
0.43	GTY	Getty Realty	Pair Corr
0.32	PK	Park Hotels Resorts	Pair Corr
0.68	WELL	Welltower	Pair Corr
0.56	EMITF	Elbit Imaging	Pair Corr
0.55	DOUG	Douglas Elliman	Pair Corr
0.52	MITT-PC	AG Mortgage Investment	Pair Corr
0.46	AAT	American Assets Trust	Pair Corr
0.35	CDR-PB	Cedar Realty Trust	Pair Corr

Related Correlations Analysis

	HR	SBRA	NHI	GMRE	DOC	CHCT	GMRE-PA
HR		0.15	0.35	0.28	0.35	-0.11	-0.2	HR
SBRA	0.15		-0.12	0.1	0.34	0.24	0.39	SBRA
NHI	0.35	-0.12		0.54	0.1	-0.34	-0.52	NHI
GMRE	0.28	0.1	0.54		0.42	-0.5	-0.31	GMRE
DOC	0.35	0.34	0.1	0.42		0.03	-0.08	DOC
CHCT	-0.11	0.24	-0.34	-0.5	0.03		0.44	CHCT
GMRE-PA	-0.2	0.39	-0.52	-0.31	-0.08	0.44		GMRE-PA
	HR	SBRA	NHI	GMRE	DOC	CHCT	GMRE-PA

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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

GMRE	+ 0.54	NHI
GMRE-PA	+ 0.44	CHCT
DOC	+ 0.42	GMRE
GMRE-PA	+ 0.39	SBRA
NHI	+ 0.35	HR
DOC	+ 0.35	HR

High negative correlations

GMRE-PA	- 0.52	NHI
CHCT	- 0.5	GMRE
CHCT	- 0.34	NHI
GMRE-PA	- 0.31	GMRE
GMRE-PA	- 0.2	HR
NHI	- 0.12	SBRA

Risk-Adjusted Indicators

There is a big difference between Diversified Stock performing well and Diversified 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 Diversified 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HR	1.13	0.09	(0.02)	(33.01)	1.36	(1.20)	2.01	(2.54)	5.37
SBRA	1.20	0.24	0.06	(2.17)	1.56	(1.19)	2.51	(2.50)	8.78
NHI	1.06	(0.05)	0.00	(0.11)	0.00	0.00	1.96	(2.29)	6.32
GMRE	1.00	(0.11)	0.00	(0.15)	0.00	0.00	1.84	(2.36)	6.41
DOC	1.10	(0.02)	(0.08)	0.04	1.30	(1.15)	2.36	(2.08)	6.16
CHCT	1.71	(0.08)	0.00	(0.04)	0.00	0.00	4.99	(2.35)	9.59
GMRE-PA	0.59	0.03	(0.15)	(0.06)	0.70	(0.63)	1.45	(1.22)	4.02

Diversified Healthcare Corporate Management

Adam Portnoy	Managing Board	Profile
Jennifer Clark	Secretary	Profile
David Blackman	Director Acquisition	Profile
Melissa Mccarthy	Manager Relations	Profile
Richard Siedel	CFO Treasurer	Profile

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