Healthcare Trust Correlations

HTIA Stock

USD 14.99 0.13 0.87%

The current 90-days correlation between Healthcare Trust and CareTrust REIT is 0.11 (i.e., Average diversification). The correlation of Healthcare Trust 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.

Healthcare Trust Correlation With Market

Average diversification

The correlation between Healthcare Trust PR and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Healthcare Trust PR and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Healthcare Trust PR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Healthcare Stock

0.73	AEI	Alset Ehome International	Pair Corr
0.85	FOR	Forestar Group	Pair Corr
0.71	FTHM	Fathom Holdings	Pair Corr
0.68	MDV	Modiv Inc	Pair Corr
0.81	RMR	RMR Group	Pair Corr
0.7	XIN	Xinyuan Real Estate	Pair Corr
0.66	GIPR	Generationome Properties	Pair Corr

Moving against Healthcare Stock

0.76	OZ	Belpointe PREP LLC	Pair Corr
0.61	CBL	CBL Associates Properties	Pair Corr
0.61	IRS	IRSA Inversiones Y	Pair Corr
0.54	ZG	Zillow Group	Pair Corr
0.4	NEN	New England Realty	Pair Corr
0.31	LRE	Lead Real Estate	Pair Corr
0.73	NXDT	NexPoint Strategic	Pair Corr
0.6	TCI	Transcontinental Realty	Pair Corr
0.44	MRNO	Murano Global Investments	Pair Corr

Related Correlations Analysis

	CTRE	GMRE	UHT	DOC	HR	CHCT	SBRA	VTR	OHI	NHI
CTRE		0.72	0.5	0.8	0.16	-0.25	0.78	0.89	0.83	0.68	CTRE
GMRE	0.72		0.82	0.77	0.16	-0.63	0.43	0.69	0.49	0.81	GMRE
UHT	0.5	0.82		0.71	0.37	-0.36	0.4	0.51	0.36	0.87	UHT
DOC	0.8	0.77	0.71		0.44	-0.23	0.81	0.83	0.82	0.66	DOC
HR	0.16	0.16	0.37	0.44		0.23	0.5	0.33	0.42	0.2	HR
CHCT	-0.25	-0.63	-0.36	-0.23	0.23		0.2	-0.13	0.08	-0.34	CHCT
SBRA	0.78	0.43	0.4	0.81	0.5	0.2		0.83	0.94	0.5	SBRA
VTR	0.89	0.69	0.51	0.83	0.33	-0.13	0.83		0.87	0.65	VTR
OHI	0.83	0.49	0.36	0.82	0.42	0.08	0.94	0.87		0.42	OHI
NHI	0.68	0.81	0.87	0.66	0.2	-0.34	0.5	0.65	0.42		NHI
	CTRE	GMRE	UHT	DOC	HR	CHCT	SBRA	VTR	OHI	NHI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

OHI	+ 0.94	SBRA
VTR	+ 0.89	CTRE
NHI	+ 0.87	UHT
OHI	+ 0.87	VTR
OHI	+ 0.83	CTRE
VTR	+ 0.83	DOC

High negative correlations

CHCT	- 0.63	GMRE
CHCT	- 0.36	UHT
NHI	- 0.34	CHCT
CHCT	- 0.25	CTRE
CHCT	- 0.23	DOC
VTR	- 0.13	CHCT

Risk-Adjusted Indicators

There is a big difference between Healthcare Stock performing well and Healthcare Trust 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 Healthcare Trust'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
CTRE	0.99	(0.19)	0.00	1.61	0.00	0.00	1.95	(2.08)	8.03
GMRE	0.94	(0.32)	0.00	(1.98)	0.00	0.00	1.41	(2.54)	5.89
UHT	1.15	(0.33)	0.00	(1.56)	0.00	0.00	2.23	(2.44)	6.69
DOC	1.17	(0.18)	0.00	(0.79)	0.00	0.00	2.04	(2.08)	7.34
HR	1.25	(0.09)	0.00	(0.94)	0.00	0.00	2.01	(2.71)	9.00
CHCT	1.46	0.16	0.09	(1.29)	1.34	(1.72)	3.78	(2.05)	9.89
SBRA	1.19	(0.12)	0.00	(11.35)	0.00	0.00	1.74	(2.50)	8.78
VTR	0.90	(0.12)	0.00	(10.01)	0.00	0.00	1.86	(1.94)	5.07
OHI	0.84	(0.11)	0.00	(0.58)	0.00	0.00	1.70	(2.22)	6.36
NHI	1.00	(0.27)	0.00	(1.85)	0.00	0.00	1.54	(2.43)	7.75

Healthcare Trust Corporate Management

Angie Ehlers	VP Marketing	Profile
Michael Anderson	Chief Officer	Profile
Michelle Stepinsky	Vice Marketing	Profile
John Rimbach	Pres Facilities	Profile
Edward Weil	Pres CEO	Profile
Lindsay Gordon	Senior Housing	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC