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Correlation Between Welltower and Ventas

Analyzing existing cross correlation between Welltower and Ventas. You can compare the effects of market volatilities on Welltower and Ventas 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 Welltower with a short position of Ventas. Check out your portfolio center. Please also check ongoing floating volatility patterns of Welltower and Ventas.

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Diversification Opportunities for Welltower and Ventas

Welltower Inc diversification synergy
0.99
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<div class='circular--portrait-small' style='background:#2A0CD0;color: white;font-size:1.1em;padding-top: 12px;;'>VTR</div>

No risk reduction

The 3 months correlation between Welltower and Ventas is 0.99. Overlapping area represents the amount of risk that can be diversified away by holding Welltower Inc and Ventas Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Ventas and Welltower 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 Welltower are associated (or correlated) with Ventas. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Ventas has no effect on the direction of Welltower i.e. Welltower and Ventas go up and down completely randomly.

Pair Corralation between Welltower and Ventas

Given the investment horizon of 30 days, Welltower is expected to under-perform the Ventas. But the stock apears to be less risky and, when comparing its historical volatility, Welltower is 1.78 times less risky than Ventas. The stock trades about -0.11 of its potential returns per unit of risk. The Ventas is currently generating about -0.05 of returns per unit of risk over similar time horizon. If you would invest  5,639  in Ventas on March 2, 2020 and sell it today you would lose (2,959)  from holding Ventas or give up 52.47% of portfolio value over 30 days.
Time Period3 Months [change]
DirectionMoves Together 
StrengthVery Strong
Accuracy100.0%
ValuesDaily Returns

Welltower Inc  vs.  Ventas Inc

 Performance (%) 
    
  Timeline 
Welltower 
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Welltower Risk-Adjusted Performance

Over the last 30 days Welltower has generated negative risk-adjusted returns adding no value to investors with long positions. Even with abnormal performance in the last few months, the Stock's technical indicators remain considerably steady which may send shares a bit higher in May 2020. The new chaos may also be a sign of medium term up-swing for the business stakeholders.
Ventas 
00

Ventas Risk-Adjusted Performance

Over the last 30 days Ventas has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of unfluctuating performance in the last few months, the Stock's forward-looking signals remain relatively invariable which may send shares a bit higher in May 2020. The latest agitation may also be a sign of long running up-swing for enterprise management.

Welltower and Ventas Volatility Contrast

 Predicted Return Density 
    
  Returns 
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