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  
22

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Medical Properties Trust are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days. Inspite fairly stable primary indicators, Medical Properties is not utilizing all of its potentials. The latest stock price fuss, may contribute to near short-term losses for the directors.
Healthcare Realty Trust  
22

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Healthcare Realty Trust Incorpo are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days. 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 1.35 times more return on investment than Healthcare Realty. However, Medical Properties is 1.35 times more volatile than Healthcare Realty Trust Incorpo. It trades about 0.04 of its potential returns per unit of risk. Healthcare Realty Trust Incorpo is currently generating about 0.04 per unit of risk. If you would invest  1,804  in Medical Properties Trust on July 23, 2019 and sell it today you would earn a total of  33.00  from holding Medical Properties Trust or generate 1.83% return on investment over 30 days.

Pair Corralation between Medical Properties and Healthcare Realty

0.72
Time Period2 Months [change]
DirectionPositive 
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Medical Properties and Healthcare Realty

Medical Properties Trust diversification synergy

Poor 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.
See also your portfolio center. Please also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.


 
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