Medical Properties Correlations

M2PW34 Stock

BRL 12.71 0.62 5.13%

The current 90-days correlation between Medical Properties Trust, and Healthpeak Properties is 0.01 (i.e., Significant diversification). The correlation of Medical 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.

The ability to find closely correlated positions to Medical Properties could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Medical Properties 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 Medical Properties - 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 Medical Properties Trust, to buy it.

Moving together with Medical Stock

0.78

IFCM3

Infracommerce CXaaS

Pair Corr

Moving against Medical Stock

0.8	N1OW34	ServiceNow	Pair Corr
0.79	NFLX34	Netflix	Pair Corr
0.71	E1OG34	EOG Resources	Pair Corr
0.7	V1TA34	Ventas,	Pair Corr
0.69	F1NI34	Fidelity National	Pair Corr
0.63	VFCO34	VF Corporation	Pair Corr
0.59	P1EA34	Healthpeak Properties	Pair Corr
0.48	R1KU34	Roku Inc	Pair Corr
0.36	STBP3	Santos Brasil Participaes	Pair Corr

Related Correlations Analysis

	P1EA34	M2PW34	ENGI11	BTLG11	PLPL3	A2RE34	HBTS5	BVAR11	PGCO34	S1YM34
P1EA34		-0.59	-0.35	-0.49	0.0	0.52	-0.36	0.57	0.46	0.68	P1EA34
M2PW34	-0.59		0.74	0.61	0.44	-0.82	0.69	-0.67	-0.66	-0.74	M2PW34
ENGI11	-0.35	0.74		0.73	0.86	-0.92	0.66	-0.47	-0.76	-0.79	ENGI11
BTLG11	-0.49	0.61	0.73		0.65	-0.77	0.55	-0.41	-0.7	-0.6	BTLG11
PLPL3	0.0	0.44	0.86	0.65		-0.7	0.39	-0.09	-0.6	-0.55	PLPL3
A2RE34	0.52	-0.82	-0.92	-0.77	-0.7		-0.69	0.59	0.86	0.79	A2RE34
HBTS5	-0.36	0.69	0.66	0.55	0.39	-0.69		-0.75	-0.61	-0.55	HBTS5
BVAR11	0.57	-0.67	-0.47	-0.41	-0.09	0.59	-0.75		0.47	0.49	BVAR11
PGCO34	0.46	-0.66	-0.76	-0.7	-0.6	0.86	-0.61	0.47		0.7	PGCO34
S1YM34	0.68	-0.74	-0.79	-0.6	-0.55	0.79	-0.55	0.49	0.7		S1YM34
	P1EA34	M2PW34	ENGI11	BTLG11	PLPL3	A2RE34	HBTS5	BVAR11	PGCO34	S1YM34

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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

PLPL3	+ 0.86	ENGI11
PGCO34	+ 0.86	A2RE34
S1YM34	+ 0.79	A2RE34
ENGI11	+ 0.74	M2PW34
BTLG11	+ 0.73	ENGI11
S1YM34	+ 0.7	PGCO34

High negative correlations

A2RE34	- 0.92	ENGI11
A2RE34	- 0.82	M2PW34
S1YM34	- 0.79	ENGI11
A2RE34	- 0.77	BTLG11
PGCO34	- 0.76	ENGI11
BVAR11	- 0.75	HBTS5

Risk-Adjusted Indicators

There is a big difference between Medical Stock performing well and Medical 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 Medical 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
P1EA34	0.55	0.05	0.00	(0.31)	0.00	0.00	2.08	(1.09)	13.38
M2PW34	2.93	(0.19)	0.00	8.88	0.00	0.00	5.50	(5.34)	49.66
ENGI11	1.30	(0.38)	0.00	(0.80)	0.00	0.00	2.47	(2.71)	7.30
BTLG11	0.91	(0.05)	0.00	1.04	0.00	0.00	1.51	(2.15)	8.00
PLPL3	2.06	(0.46)	0.00	(0.61)	0.00	0.00	3.24	(4.27)	13.45
A2RE34	1.31	0.43	0.24	(0.84)	1.15	(1.52)	3.04	(2.31)	8.90
HBTS5	1.82	(0.46)	0.00	2.16	0.00	0.00	6.83	(6.25)	16.66
BVAR11	0.38	0.17	0.00	(3.12)	0.00	0.00	0.24	0.00	10.26
PGCO34	1.18	0.15	0.08	(0.68)	1.44	(1.24)	2.37	(2.17)	9.18
S1YM34	0.92	0.44	0.00	0.21	0.00	0.00	0.52	0.00	28.38

Be your own money manager

Our tools can tell you how much better you can do entering a position in Medical Properties 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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