Sabra Healthcare Correlations

SBRA Stock

USD 17.35 0.09 0.52%

The current 90-days correlation between Sabra Healthcare REIT and Healthcare Realty Trust is 0.62 (i.e., Poor diversification). The correlation of Sabra 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.

Sabra Healthcare Correlation With Market

Modest diversification

The correlation between Sabra Healthcare REIT and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sabra Healthcare REIT and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sabra Healthcare REIT. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Sabra Stock

0.64

Healthcare Realty Trust

Pair Corr

Moving against Sabra Stock

0.53	RC	Ready Capital Corp	Pair Corr
0.44	EQC	Equity Commonwealth	Pair Corr
0.62	EARN	Ellington Residential	Pair Corr
0.44	EQIX	Equinix	Pair Corr
0.38	VTMX	Corporacin Inmobiliaria	Pair Corr

Related Correlations Analysis

	HR	DOC	CHCT	UHT	GMRE	CTRE	WELL	NHI	MPW
HR		0.66	-0.39	0.54	0.51	0.41	0.27	0.65	0.35	HR
DOC	0.66		-0.02	0.38	0.36	0.3	0.2	0.7	0.4	DOC
CHCT	-0.39	-0.02		-0.07	-0.33	-0.14	-0.02	-0.36	-0.12	CHCT
UHT	0.54	0.38	-0.07		0.88	0.33	0.66	0.72	0.74	UHT
GMRE	0.51	0.36	-0.33	0.88		0.21	0.69	0.74	0.74	GMRE
CTRE	0.41	0.3	-0.14	0.33	0.21		-0.18	0.42	0.11	CTRE
WELL	0.27	0.2	-0.02	0.66	0.69	-0.18		0.61	0.88	WELL
NHI	0.65	0.7	-0.36	0.72	0.74	0.42	0.61		0.81	NHI
MPW	0.35	0.4	-0.12	0.74	0.74	0.11	0.88	0.81		MPW
	HR	DOC	CHCT	UHT	GMRE	CTRE	WELL	NHI	MPW

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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

GMRE	+ 0.88	UHT
MPW	+ 0.88	WELL
MPW	+ 0.81	NHI
MPW	+ 0.74	UHT
NHI	+ 0.74	GMRE
MPW	+ 0.74	GMRE

High negative correlations

CHCT	- 0.39	HR
NHI	- 0.36	CHCT
GMRE	- 0.33	CHCT
WELL	- 0.18	CTRE
CTRE	- 0.14	CHCT
MPW	- 0.12	CHCT

Risk-Adjusted Indicators

There is a big difference between Sabra Stock performing well and Sabra 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 Sabra 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
HR	1.05	0.01	0.00	(0.02)	0.00	0.00	2.10	(2.59)	5.19
DOC	1.15	0.02	0.03	0.01	1.49	(1.20)	2.04	(2.59)	5.29
CHCT	1.22	0.04	0.04	(0.48)	1.71	(1.21)	2.40	(2.35)	9.84
UHT	1.10	0.16	0.17	(1.06)	1.01	(1.37)	2.52	(1.92)	5.63
GMRE	1.11	0.16	0.14	3.37	1.14	(1.33)	2.99	(2.29)	6.82
CTRE	1.35	0.10	0.08	(0.30)	1.63	(1.41)	3.20	(2.69)	7.60
WELL	1.16	0.26	0.20	0.44	1.16	(1.25)	2.86	(1.89)	7.21
NHI	1.16	0.10	0.07	0.22	1.60	(1.10)	2.33	(2.79)	5.14
MPW	2.39	0.78	0.40	0.71	1.52	(3.24)	6.27	(3.19)	19.88

Sabra Healthcare Corporate Management

Peter Nyland	Executive Management	Profile
Michael Costa	CFO VP	Profile
Eliza Gozar	Senior Investments	Profile
Kara Pappanduros	Senior Management	Profile
Darrin Smith	Executive Investments	Profile

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