Welltower Correlations

WELL Stock

USD 148.76 1.21 0.81%

The current 90-days correlation between Welltower and Boston Properties is 0.48 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Welltower moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Welltower moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Welltower Correlation With Market

Weak diversification

The correlation between Welltower and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Welltower and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Welltower. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Welltower Stock please use our How to buy in Welltower Stock guide.

Moving together with Welltower Stock

0.86	O	Realty Income	Pair Corr
0.96	FR	First Industrial Realty Sell-off Trend	Pair Corr
0.83	VICI	VICI Properties	Pair Corr
0.82	ELME	Elme Communities	Pair Corr
0.71	FCPT	Four Corners Property	Pair Corr
0.69	ADC	Agree Realty	Pair Corr
0.61	AHR	American Healthcare REIT,	Pair Corr
0.67	AIV	Apartment Investment and	Pair Corr
0.61	ALX	Alexanders	Pair Corr
0.75	AMT	American Tower Corp	Pair Corr

Moving against Welltower Stock

0.88	WHLR	Wheeler Real Estate	Pair Corr
0.85	PK	Park Hotels Resorts	Pair Corr
0.85	AAT	American Assets Trust	Pair Corr
0.8	ESBA	Empire State Realty	Pair Corr
0.79	FISK	Empire State Realty	Pair Corr
0.78	ESRT	Empire State Realty	Pair Corr
0.73	AHH	Armada Hflr Pr	Pair Corr
0.63	PW	Power REIT	Pair Corr
0.47	UE	Urban Edge Properties	Pair Corr
0.47	EQIX	Equinix	Pair Corr
0.36	AKR	Acadia Realty Trust	Pair Corr
0.88	CDP	COPT Defense Properties	Pair Corr
0.82	DLR	Digital Realty Trust	Pair Corr
0.79	DRH	Diamondrock Hospitality	Pair Corr
0.75	BDN	Brandywine Realty Trust	Pair Corr
0.64	DEI	Douglas Emmett	Pair Corr
0.62	BXP	Boston Properties	Pair Corr
0.55	CIO	City Office	Pair Corr
0.53	BFS	Saul Centers	Pair Corr
0.52	DEA	Eerly Govt Ppty	Pair Corr

Related Correlations Analysis

	BXP	DEI	KRC	ARE	VNO	HIW	HPP	PDM	OPI	CIO
BXP		0.92	0.89	0.22	0.88	0.81	0.47	0.85	0.83	0.82	BXP
DEI	0.92		0.89	0.18	0.85	0.79	0.37	0.85	0.83	0.86	DEI
KRC	0.89	0.89		0.13	0.77	0.71	0.25	0.95	0.65	0.77	KRC
ARE	0.22	0.18	0.13		0.06	0.42	0.46	0.1	0.27	0.31	ARE
VNO	0.88	0.85	0.77	0.06		0.61	0.58	0.72	0.69	0.69	VNO
HIW	0.81	0.79	0.71	0.42	0.61		0.41	0.62	0.64	0.74	HIW
HPP	0.47	0.37	0.25	0.46	0.58	0.41		0.18	0.36	0.4	HPP
PDM	0.85	0.85	0.95	0.1	0.72	0.62	0.18		0.66	0.74	PDM
OPI	0.83	0.83	0.65	0.27	0.69	0.64	0.36	0.66		0.82	OPI
CIO	0.82	0.86	0.77	0.31	0.69	0.74	0.4	0.74	0.82		CIO
	BXP	DEI	KRC	ARE	VNO	HIW	HPP	PDM	OPI	CIO

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Risk-Adjusted Indicators

There is a big difference between Welltower Stock performing well and Welltower 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 Welltower'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
BXP	1.63	(0.12)	(0.20)	2.43	(3.90)	9.26
DEI	1.88	(0.16)	(0.24)	3.28	(4.39)	10.12
KRC	1.91	(0.12)	(0.21)	3.44	(3.90)	9.74
ARE	1.23	0.00	(0.10)	2.70	(2.84)	7.58
VNO	2.09	(0.05)	(0.13)	3.70	(5.21)	11.30
HIW	1.32	0.01	(0.09)	2.75	(2.84)	7.07
HPP	3.70	0.13	(0.04)	8.01	(7.42)	21.69
PDM	1.68	(0.20)	(0.31)	2.91	(3.74)	12.31
OPI	3.14	(0.83)	(1.59)	7.06	(10.71)	21.36
CIO	1.58	(0.05)	(0.15)	3.57	(3.73)	9.02

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