Universal Health Correlations

UHT Stock

USD 40.42 0.39 0.97%

The current 90-days correlation between Universal Health Realty and Community Healthcare Trust is 0.55 (i.e., Very weak diversification). The correlation of Universal Health 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.

Universal Health Correlation With Market

Weak diversification

The correlation between Universal Health Realty and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Universal Health Realty 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 Universal Health Realty. 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 together with Universal Stock

0.91	O	Realty Income	Pair Corr
0.91	DX	Dynex Capital Sell-off Trend	Pair Corr
0.85	FR	First Industrial Realty	Pair Corr
0.71	WY	Weyerhaeuser	Pair Corr
0.82	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.83	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.86	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.8	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.83	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.68	VNO-PL	Vornado Realty Trust	Pair Corr
0.9	VICI	VICI Properties	Pair Corr
0.8	MITT-PA	AG Mortgage Investment	Pair Corr
0.74	MITT-PB	AG Mortgage Investment	Pair Corr
0.85	MITT-PC	AG Mortgage Investment	Pair Corr

Moving against Universal Stock

0.84	PK	Park Hotels Resorts	Pair Corr
0.77	EQC	Equity Commonwealth	Pair Corr
0.76	IRM	Iron Mountain	Pair Corr
0.76	RC	Ready Capital Corp	Pair Corr
0.74	PDM	Piedmont Office Realty	Pair Corr
0.74	CMCT	Creative Media Community Earnings Call Today	Pair Corr
0.69	KRC	Kilroy Realty Corp	Pair Corr
0.62	PW	Power REIT Earnings Call This Week	Pair Corr
0.56	UE	Urban Edge Properties	Pair Corr
0.52	DEI	Douglas Emmett	Pair Corr
0.44	UK	Ucommune International	Pair Corr
0.43	CIO	City Office	Pair Corr
0.83	ESBA	Empire State Realty	Pair Corr
0.82	WHLR	Wheeler Real Estate	Pair Corr
0.79	WETH	Wetouch Technology Common	Pair Corr
0.79	ESRT	Empire State Realty	Pair Corr
0.7	EXPI	eXp World Holdings	Pair Corr
0.69	EQIX	Equinix	Pair Corr
0.48	EARN	Ellington Residential	Pair Corr
0.38	VTMX	Corporacin Inmobiliaria	Pair Corr

Related Correlations Analysis

	HR	DOC	SBRA	CHCT	CTRE	GMRE	VTR	NHI
HR		0.66	0.64	-0.26	0.48	0.53	0.44	0.65	HR
DOC	0.66		0.65	0.06	0.46	0.51	0.36	0.7	DOC
SBRA	0.64	0.65		-0.23	0.84	0.43	0.3	0.74	SBRA
CHCT	-0.26	0.06	-0.23		-0.17	-0.18	-0.12	-0.27	CHCT
CTRE	0.48	0.46	0.84	-0.17		0.16	0.03	0.52	CTRE
GMRE	0.53	0.51	0.43	-0.18	0.16		0.93	0.87	GMRE
VTR	0.44	0.36	0.3	-0.12	0.03	0.93		0.78	VTR
NHI	0.65	0.7	0.74	-0.27	0.52	0.87	0.78		NHI
	HR	DOC	SBRA	CHCT	CTRE	GMRE	VTR	NHI

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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

VTR	+ 0.93	GMRE
NHI	+ 0.87	GMRE
CTRE	+ 0.84	SBRA
NHI	+ 0.78	VTR
NHI	+ 0.74	SBRA
NHI	+ 0.7	DOC

High negative correlations

NHI	- 0.27	CHCT
CHCT	- 0.26	HR
CHCT	- 0.23	SBRA
GMRE	- 0.18	CHCT
CTRE	- 0.17	CHCT
VTR	- 0.12	CHCT

Risk-Adjusted Indicators

There is a big difference between Universal Stock performing well and Universal Health 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 Universal Health'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
SBRA	1.35	0.05	0.03	0.07	1.91	(1.28)	2.61	(3.05)	6.66
CHCT	1.30	0.05	0.04	0.12	1.85	(1.27)	2.63	(2.74)	9.84
CTRE	1.35	0.06	0.04	0.07	1.74	(1.36)	3.20	(3.12)	7.59
GMRE	1.17	0.10	0.08	0.24	1.41	(1.30)	2.99	(2.30)	6.82
VTR	1.22	0.24	0.16	0.44	1.38	(1.22)	2.45	(2.42)	12.29
NHI	1.16	0.10	0.07	0.22	1.60	(1.10)	2.33	(2.79)	5.14

Universal Health Corporate Management

Robert McCadden	Lead Independent Trustee	Profile
Gayle Capozzalo	Independent Trustee	Profile
Judith Romero	Vice Management	Profile
Judith Klein	Vice Management	Profile

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