Omega Healthcare Correlations

OHI Stock

USD 37.61 0.11 0.29%

The current 90-days correlation between Omega Healthcare Inv and Healthpeak Properties is 0.76 (i.e., Poor diversification). The correlation of Omega Healthcare 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.

Omega Healthcare Correlation With Market

Modest diversification

The correlation between Omega Healthcare Investors 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 Omega Healthcare Investors and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Omega Healthcare Investors. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving against Omega Stock

0.42

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Pair Corr

Related Correlations Analysis

	LTC	DOC	GMRE	SBRA	VTR	NHI	HR	CTRE	UHT
LTC		0.65	0.89	0.61	0.76	0.88	0.71	0.32	0.81	LTC
DOC	0.65		0.52	0.64	0.38	0.7	0.65	0.45	0.5	DOC
GMRE	0.89	0.52		0.44	0.94	0.87	0.55	0.18	0.89	GMRE
SBRA	0.61	0.64	0.44		0.33	0.74	0.64	0.84	0.44	SBRA
VTR	0.76	0.38	0.94	0.33		0.79	0.49	0.09	0.85	VTR
NHI	0.88	0.7	0.87	0.74	0.79		0.66	0.54	0.82	NHI
HR	0.71	0.65	0.55	0.64	0.49	0.66		0.45	0.52	HR
CTRE	0.32	0.45	0.18	0.84	0.09	0.54	0.45		0.27	CTRE
UHT	0.81	0.5	0.89	0.44	0.85	0.82	0.52	0.27		UHT
	LTC	DOC	GMRE	SBRA	VTR	NHI	HR	CTRE	UHT

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Risk-Adjusted Indicators

There is a big difference between Omega Stock performing well and Omega Healthcare 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 Omega Healthcare'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
LTC	0.92	(0.04)	0.00	(0.12)	0.00	0.00	1.91	(2.37)	4.80
DOC	1.16	(0.03)	0.00	(0.04)	0.00	0.00	2.04	(2.59)	5.29
GMRE	1.17	0.06	0.04	0.14	1.40	(1.32)	2.99	(2.30)	6.82
SBRA	1.35	(0.01)	0.00	(0.02)	0.00	0.00	2.61	(3.05)	6.66
VTR	1.22	0.19	0.12	0.30	1.37	(1.22)	2.45	(2.42)	12.29
NHI	1.18	0.06	0.04	0.13	1.62	(1.12)	2.33	(2.79)	5.14
HR	1.06	(0.06)	0.00	(0.08)	0.00	0.00	2.10	(2.59)	5.19
CTRE	1.36	0.04	0.02	0.06	1.74	(1.36)	3.20	(3.12)	7.59
UHT	1.14	0.05	0.04	0.07	1.29	(1.32)	2.52	(2.34)	5.63

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Omega Healthcare Correlations

Omega Healthcare Correlation With Market

Modest diversification

Moving against Omega Stock

Related Correlations Analysis

Risk-Adjusted Indicators

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