Medical Properties Correlations

M3P Stock

4.11 0.19 4.85%

The current 90-days correlation between Medical Properties Trust and Apple Inc is -0.05 (i.e., Good 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Medical Properties Correlation With Market

Significant diversification

The correlation between Medical Properties Trust and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Medical Properties Trust and DJI in the same portfolio, assuming nothing else is changed.

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

0.64	SSU	Samsung Electronics Earnings Call This Week	Pair Corr
0.65	SSUN	Samsung Electronics Earnings Call This Week	Pair Corr
0.68	SSU	Samsung Electronics Earnings Call This Week	Pair Corr
0.67	SSUN	Samsung Electronics Earnings Call This Week	Pair Corr
0.77	BYRA	BANK RAKYAT IND	Pair Corr
0.72	BYRA	PT Bank Rakyat	Pair Corr
0.75	BYRA	BANK RAKYAT IND	Pair Corr
0.73	PQ9	PT Bank Mandiri Earnings Call This Week	Pair Corr
0.8	PQ9	BANK MANDIRI Earnings Call This Week	Pair Corr

Moving against Medical Stock

0.8	APC	Apple Inc	Pair Corr
0.8	APC	Apple Inc	Pair Corr
0.79	AMZ	Amazon Inc	Pair Corr
0.78	APC	Apple Inc	Pair Corr
0.78	APC	Apple Inc	Pair Corr
0.73	MSF	Microsoft Earnings Call This Week	Pair Corr
0.71	MSF	Microsoft Earnings Call This Week	Pair Corr
0.7	MSF	Microsoft Earnings Call This Week	Pair Corr
0.7	MSF	Microsoft Earnings Call This Week	Pair Corr
0.69	MSF	Microsoft Earnings Call This Week	Pair Corr
0.52	DBPE	Xtrackers LevDAX	Pair Corr
0.45	E908	Lyxor 1	Pair Corr

Related Correlations Analysis

	APC	APC	APC	APC	MSF	MSF	MSF	MSF	MSF	AMZ
APC		1.0	0.99	0.99	0.83	0.83	0.83	0.84	0.84	0.77	APC
APC	1.0		1.0	0.99	0.84	0.84	0.85	0.86	0.86	0.79	APC
APC	0.99	1.0		0.99	0.84	0.84	0.84	0.85	0.85	0.78	APC
APC	0.99	0.99	0.99		0.82	0.82	0.83	0.84	0.84	0.77	APC
MSF	0.83	0.84	0.84	0.82		0.99	0.99	0.97	0.99	0.87	MSF
MSF	0.83	0.84	0.84	0.82	0.99		0.99	0.98	0.99	0.86	MSF
MSF	0.83	0.85	0.84	0.83	0.99	0.99		0.98	0.99	0.87	MSF
MSF	0.84	0.86	0.85	0.84	0.97	0.98	0.98		0.98	0.88	MSF
MSF	0.84	0.86	0.85	0.84	0.99	0.99	0.99	0.98		0.87	MSF
AMZ	0.77	0.79	0.78	0.77	0.87	0.86	0.87	0.88	0.87		AMZ
	APC	APC	APC	APC	MSF	MSF	MSF	MSF	MSF	AMZ

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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
APC	0.97	(0.02)	0.00	0.16	0.00	0.00	1.64	(2.63)	6.57
APC	0.97	(0.01)	0.00	0.07	0.00	0.00	1.69	(2.88)	5.99
APC	0.97	(0.01)	0.00	0.05	0.00	0.00	1.67	(2.23)	6.16
APC	0.96	(0.02)	0.00	0.13	0.00	0.00	2.05	(2.01)	6.90
MSF	0.97	0.12	0.05	(0.49)	1.44	(1.00)	2.59	(1.92)	9.09
MSF	1.06	0.11	0.05	(0.67)	1.50	(1.25)	2.43	(1.93)	11.42
MSF	1.03	0.12	0.06	(0.45)	1.42	(1.12)	3.08	(2.16)	9.11
MSF	0.93	0.10	0.05	(1.17)	1.45	(0.96)	2.04	(1.84)	8.79
MSF	0.96	0.12	0.06	(1.06)	1.34	(1.08)	2.60	(1.61)	8.71
AMZ	1.22	0.41	0.24	(1.47)	1.08	(1.35)	2.98	(2.01)	9.60

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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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