Medical Properties Correlations

MPW Stock

USD 6.17 0.06 0.98%

The current 90-days correlation between Medical Properties Trust and Sabra Healthcare REIT is 0.35 (i.e., Weak 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

Modest diversification

The correlation between Medical Properties Trust and DJI is 0.28 (i.e., Modest 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.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Medical Properties 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 american community survey.

Moving together with Medical Stock

0.89	O	Realty Income	Pair Corr
0.94	DX	Dynex Capital	Pair Corr
0.82	FR	First Industrial Realty	Pair Corr
0.61	WY	Weyerhaeuser	Pair Corr
0.84	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.87	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.92	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.85	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.86	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.64	VNO-PL	Vornado Realty Trust	Pair Corr
0.91	VICI	VICI Properties	Pair Corr
0.84	MITT-PA	AG Mortgage Investment	Pair Corr
0.75	MITT-PB	AG Mortgage Investment	Pair Corr
0.86	MITT-PC	AG Mortgage Investment	Pair Corr

Moving against Medical Stock

0.93	PK	Park Hotels Resorts	Pair Corr
0.83	IRM	Iron Mountain	Pair Corr
0.83	PDM	Piedmont Office Realty	Pair Corr
0.83	RC	Ready Capital Corp	Pair Corr
0.8	EQC	Equity Commonwealth	Pair Corr
0.8	KRC	Kilroy Realty Corp	Pair Corr
0.77	CMCT	Creative Media Community Earnings Call Today	Pair Corr
0.71	UE	Urban Edge Properties	Pair Corr
0.68	DEI	Douglas Emmett	Pair Corr
0.58	PW	Power REIT Earnings Call This Week	Pair Corr
0.51	CIO	City Office	Pair Corr
0.43	UK	Ucommune International	Pair Corr
0.41	HIW	Highwoods Properties	Pair Corr
0.4	KW	Kennedy Wilson Holdings	Pair Corr
0.37	OZ	Belpointe PREP LLC	Pair Corr
0.35	CUZ	Cousins Properties	Pair Corr
0.92	ESBA	Empire State Realty	Pair Corr
0.89	ESRT	Empire State Realty	Pair Corr
0.89	WHLR	Wheeler Real Estate	Pair Corr
0.85	EXPI	eXp World Holdings	Pair Corr
0.81	WETH	Wetouch Technology Common	Pair Corr
0.75	EQIX	Equinix	Pair Corr
0.54	EARN	Ellington Residential	Pair Corr
0.52	VTMX	Corporacin Inmobiliaria	Pair Corr

Related Correlations Analysis

	SBRA	LTC	DOC	NHI	OHI	VTR	GMRE	HR	CTRE
SBRA		0.62	0.65	0.74	0.82	0.3	0.43	0.64	0.84	SBRA
LTC	0.62		0.65	0.87	0.5	0.72	0.87	0.72	0.34	LTC
DOC	0.65	0.65		0.7	0.51	0.36	0.51	0.66	0.46	DOC
NHI	0.74	0.87	0.7		0.52	0.78	0.87	0.65	0.52	NHI
OHI	0.82	0.5	0.51	0.52		0.1	0.23	0.59	0.73	OHI
VTR	0.3	0.72	0.36	0.78	0.1		0.93	0.44	0.03	VTR
GMRE	0.43	0.87	0.51	0.87	0.23	0.93		0.53	0.16	GMRE
HR	0.64	0.72	0.66	0.65	0.59	0.44	0.53		0.48	HR
CTRE	0.84	0.34	0.46	0.52	0.73	0.03	0.16	0.48		CTRE
	SBRA	LTC	DOC	NHI	OHI	VTR	GMRE	HR	CTRE

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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
SBRA	1.35	0.05	0.03	0.07	1.91	(1.28)	2.61	(3.05)	6.66
LTC	0.91	(0.02)	0.00	(0.10)	0.00	0.00	1.91	(2.37)	4.80
DOC	1.15	0.02	0.03	0.01	1.49	(1.20)	2.04	(2.59)	5.29
NHI	1.16	0.10	0.07	0.22	1.60	(1.10)	2.33	(2.79)	5.14
OHI	1.23	0.01	0.00	(0.02)	0.00	0.00	2.50	(2.66)	7.55
VTR	1.22	0.24	0.16	0.44	1.38	(1.22)	2.45	(2.42)	12.29
GMRE	1.17	0.10	0.08	0.24	1.41	(1.30)	2.99	(2.30)	6.82
HR	1.05	0.01	0.00	(0.02)	0.00	0.00	2.10	(2.59)	5.19
CTRE	1.35	0.06	0.04	0.07	1.74	(1.36)	3.20	(3.12)	7.59

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