Correlation Analysis Between Medical Properties and Healthcare Realty

This module allows you to analyze existing cross correlation between Medical Properties Trust and Healthcare Realty Trust Incorpo. You can compare the effects of market volatilities on Medical Properties and Healthcare Realty and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Medical Properties with a short position of Healthcare Realty. See also your portfolio center. Please also check ongoing floating volatility patterns of Medical Properties and Healthcare Realty.
Horizon     30 Days    Login   to change
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Comparative Performance

Medical Properties Trust  
1010

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Medical Properties Trust are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days. Inspite fairly weak primary indicators, Medical Properties may actually be approaching a critical reversion point that can send shares even higher in December 2019.
Healthcare Realty Trust  
00

Risk-Adjusted Performance

Over the last 30 days Healthcare Realty Trust Incorpo has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of relatively invariable forward-looking signals, Healthcare Realty is not utilizing all of its potentials. The current stock price agitation, may contribute to short term losses for the management.

Medical Properties and Healthcare Realty Volatility Contrast

 Predicted Return Density 
      Returns 

Medical Properties Trust  vs.  Healthcare Realty Trust Incorp

 Performance (%) 
      Timeline 

Pair Volatility

Considering 30-days investment horizon, Medical Properties Trust is expected to generate 1.18 times more return on investment than Healthcare Realty. However, Medical Properties is 1.18 times more volatile than Healthcare Realty Trust Incorpo. It trades about 0.15 of its potential returns per unit of risk. Healthcare Realty Trust Incorpo is currently generating about -0.01 per unit of risk. If you would invest  1,825  in Medical Properties Trust on October 19, 2019 and sell it today you would earn a total of  234.00  from holding Medical Properties Trust or generate 12.82% return on investment over 30 days.

Pair Corralation between Medical Properties and Healthcare Realty

0.49
Time Period3 Months [change]
DirectionPositive 
StrengthWeak
Accuracy98.46%
ValuesDaily Returns

Diversification Opportunities for Medical Properties and Healthcare Realty

Medical Properties Trust diversification synergy

Very weak diversification

Overlapping area represents the amount of risk that can be diversified away by holding Medical Properties Trust and Healthcare Realty Trust Incorp in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Healthcare Realty Trust and Medical Properties is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Medical Properties Trust are associated (or correlated) with Healthcare Realty. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Healthcare Realty Trust has no effect on the direction of Medical Properties i.e. Medical Properties and Healthcare Realty go up and down completely randomly.
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