LTC Properties Correlations

LTC Stock

USD 35.05 0.00 0.00%

The current 90-days correlation between LTC Properties and Medical Properties Trust is 0.28 (i.e., Modest diversification). The correlation of LTC Properties 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.

LTC Properties Correlation With Market

Modest diversification

The correlation between LTC Properties and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LTC Properties and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LTC Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For information on how to trade LTC Stock refer to our How to Trade LTC Stock guide.

Moving together with LTC Stock

0.86	LXP	LXP Industrial Trust	Pair Corr
0.7	O	Realty Income	Pair Corr
0.76	HR	Healthcare Realty Trust	Pair Corr
0.72	VICI	VICI Properties	Pair Corr
0.69	ELME	Elme Communities	Pair Corr

Moving against LTC Stock

0.51	RC	Ready Capital Corp	Pair Corr
0.43	PW	Power REIT Earnings Call This Week	Pair Corr
0.43	UK	Ucommune International	Pair Corr
0.32	PK	Park Hotels Resorts	Pair Corr
0.31	EQIX	Equinix	Pair Corr
0.43	VTMX	Corporacin Inmobiliaria	Pair Corr
0.36	WETH	Wetouch Technology Common	Pair Corr

Related Correlations Analysis

	MPW	SBRA	DOC	NHI	GMRE	VTR	OHI	HR	CTRE
MPW		0.22	0.29	0.73	0.86	0.88	-0.01	0.2	-0.05	MPW
SBRA	0.22		0.68	0.71	0.38	0.19	0.83	0.66	0.83	SBRA
DOC	0.29	0.68		0.71	0.49	0.28	0.55	0.69	0.52	DOC
NHI	0.73	0.71	0.71		0.87	0.73	0.5	0.63	0.44	NHI
GMRE	0.86	0.38	0.49	0.87		0.91	0.2	0.49	0.07	GMRE
VTR	0.88	0.19	0.28	0.73	0.91		-0.02	0.33	-0.14	VTR
OHI	-0.01	0.83	0.55	0.5	0.2	-0.02		0.63	0.77	OHI
HR	0.2	0.66	0.69	0.63	0.49	0.33	0.63		0.52	HR
CTRE	-0.05	0.83	0.52	0.44	0.07	-0.14	0.77	0.52		CTRE
	MPW	SBRA	DOC	NHI	GMRE	VTR	OHI	HR	CTRE

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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

VTR	+ 0.91	GMRE
VTR	+ 0.88	MPW
GMRE	+ 0.87	NHI
GMRE	+ 0.86	MPW
OHI	+ 0.83	SBRA
CTRE	+ 0.83	SBRA

High negative correlations

CTRE	- 0.14	VTR
CTRE	- 0.05	MPW
OHI	- 0.02	VTR
OHI	- 0.01	MPW

Risk-Adjusted Indicators

There is a big difference between LTC Stock performing well and LTC Properties 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 LTC Properties' 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
MPW	2.41	0.74	0.38	0.61	1.57	(3.26)	6.27	(3.19)	19.88
SBRA	1.36	0.06	0.05	0.06	1.92	(1.29)	2.61	(3.05)	6.66
DOC	1.13	0.00	0.00	(0.07)	0.00	0.00	1.92	(2.59)	5.29
NHI	1.14	0.10	0.09	0.18	1.63	(1.07)	2.33	(2.79)	5.14
GMRE	1.18	0.10	0.10	0.19	1.39	(1.33)	3.05	(2.25)	6.89
VTR	1.21	0.22	0.16	0.36	1.40	(1.23)	2.45	(2.42)	12.29
OHI	1.21	0.02	0.00	(0.03)	0.00	0.00	2.50	(2.66)	7.55
HR	1.03	0.01	0.00	(0.05)	0.00	0.00	2.10	(2.59)	5.19
CTRE	1.33	0.09	0.07	0.09	1.75	(1.32)	3.20	(3.12)	7.59

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